...
...
Haider Jamal

Jun 06, 2024

New Smart Wallet Platform Introduced By Coinbase

Coinbase has declared the introduction of its latest smart wallet platform. The biggest cryptocurrency exchange in the United States announced that the debut will mark a new phase in the development of its Coinbase Wallet product by revolutionizing the on-chain experience through the elimination of network fees and recovery phrases.

 

Going Truly Digital

Smart wallets provide a streamlined, gas-free on-chain experience. This straightforwardness, along with support for multiple chains and integration with prominent applications, will facilitate transitioning to blockchain as effortlessly as logging into a preferred website.

Historically, engaging with on-chain transactions has been sluggish, costly, and intricate, involving separate wallet app installations and earlier-generation blockchains. Smart wallets, with their user-friendliness, coupled with advanced Layer 2 networks like Base, finally set the stage for drawing in many more individuals on-chain. Now, engaging on-chain is simple, rapid, and economical.

 

Various Features

Coinbase will introduce a complementary web application for the new smart wallet, featuring functionalities such as asset and identity management, purchasing, sending, swapping, NFTs, and transaction records. The web application will serve as the primary platform for users of smart wallets to oversee their wallets.

Upon its release, Coinbase notes that smart wallets will initially support eight networks, including Base, Ethereum, Optimism, Arbitrum, Polygon, Avalanche, BNB, and Zora, with the incorporation of other chains planned for the future.

The company is also encouraging developers to integrate smart wallets into their applications by enabling them to earn up to $15,000 in gas credits through the Base Gasless Campaign, essentially sponsoring transactions at zero expense.

 

Top News


Read more latest news

Press Releases

...
Terra
Do Kwon Trial Begins Despite The Founder

8 months ago Mar 26, 2024

The civil fraud trial involving Ter... Read more

...
Goldman
Goldman Sachs Clients Look To Get Back

8 months ago Mar 25, 2024

Institutional clients served by the... Read more

...
Payments
New Payment Limit For Crypto Wallets Scrapped

8 months ago Mar 25, 2024

The recent Anti-Money Laundering re... Read more

...
Bitcoin
Bitcoin Undergoes Price Correction As International Economies

8 months ago Mar 24, 2024

A significant portion of the crypto... Read more

Join Our Newsletter

Get the latest trends and updates on our crypto community.