Coinbase, Leading US Crypto Exchange, Includes Ethereum (ETH) Layer-2 Scaling Protocol in Listing Plans
Coinbase has incorporated a new Ethereum (ETH) layer-2 scaling protocol into its listing roadmap, potentially enabling the token to be traded on the leading US crypto exchange. The latest addition to the listing roadmap is Zksync (ZK), which describes itself as a verifiable blockchain network secured by mathematical principles.
Zksync operates as a ZK rollup, a type of rollup solution that conducts transactions off the Ethereum blockchain but records transactional data. ZK rollups conduct computations off-chain and then submit a validity report, distinguishing them from Optimistic rollups, which automatically assume transaction validity.
According to Zksync’s whitepaper, the ZKsync Era mirrors Ethereum but offers higher throughput and lower fees. Smart contracts on ZKsync are written in Solidity/Vyper and can be accessed using existing Ethereum wallets without the need for a separate private key registration.
The native token of the Zksync project, ZK, was launched in mid-June and is currently trading at $0.988, with a 2% decrease in value over the past 24 hours. Coinbase introduced its listing roadmap in 2022 to enhance transparency and prevent front-running of token launches.
Incorporating the Zksync protocol into its listing roadmap demonstrates Coinbase’s commitment to expanding its offerings and supporting innovative blockchain solutions. This move aligns with the exchange’s goal of providing a diverse range of assets to its users while maintaining transparency and integrity in the listing process.
