Posts

Showing posts with the label layer-2

Polygon Shares Key Metrics for April, Is Polygon the Best L2?

Image
In April, the daily avg gas on Polygon #zkEVM was 7X cheaper than Ethereum Mainnet, even during periods of peak network activity. advertisement Want to know which growth metrics were +300% this month? Follow the thread👇🏽 pic.twitter.com/9A3R4I9yiA — Polygon (@0xPolygon) April 27, 2023 Trending Stories SOL Price Prediction: Bullish Pattern Sets Solana Price for 22% Rise; Enter Today? 24/7 Cryptocurrency News XRP Price Prediction: XRP Price Coiling Up Before a Massive Move; Enter Now? 24/7 Cryptocurrency News ETH Price Prediction: New Recovery Cycle in Ethereum Price Hints a 10% Rally Ahead 24/7 Cryptocurrency News PEPE Price Prediction: This Chart Pattern may Determine if PEPE Token Price will Rally 70% or Fall 40% 24/7 Cryptocurrency News Bitcoin Price Reversal from a Healthy Retracement Level Hints 6% Jump; Enter Today? 24/7 Cryptocurrency News The protocol reported that as of April 24...

Coinbase CEO hints its new layer-2 network could include AML measures

Brian Armstrong said centralized firms have a responsibility to monitor transactions and carry out AML checks. Coinbase chief executive Brian Armstrong has hinted that the firm’s new Layer-2 blockchain network Base may be subjected to transaction monitoring and anti-money laundering measures at launch. In an interview with Joe Weisenthal on Bloomberg Radio on Mar. 6, Armstrong acknowledged that Base has some centralized components today, adding “it will be more and more decentralized over time.” However, he then suggested that there will be transaction monitoring and AML requirements for users of the new layer-2 network . He suggested that Coinbase will have a responsibility in terms of transaction monitoring in the early days, adding: “I think that the centralized actors are the ones that are probably going to have the most responsibility to avoid money laundering issues and having transaction monitoring programs and things like that.” Armstrong’s comments were also highlighted up b...