Coinbase is ‘Exploring’ Support for Cardano, BAT, Stellar, Zcash, and 0x
Coinbase announced that it is “exploring the addition of several new assets” and currently working with local banks and regulators to make them available in as many jurisdictions as possible. One of the world’s biggest cryptocurrency exchanges has announced its intention to support more Coinbase coins.
The word exploring the additional assets to coinbase Cardano, BAT, Stellar, Zcash, and 0x. This is big big news. This blog shares you the exact details and exactly what press release says, so you can be as informed as possible because whether you are a crypto enthusiast and who want to see mass adoption or whether you’re a crypto investor who wants to make money.
Is this great news of Coinbase and Why?
If you are a crypto enthusiast, of course, you care if you want to see mass adoption obviously coinbase when a beep most user-friendly lot of times. It’s a new place that new people who just found out about Bitcoin, that’s why they go to buy their first Bitcoin.
The normal everyday average person and then they get on. They buy a Bitcoin and get more information about Ethereum. It also listed in Bitcoin cash and those are the lot less than Bitcoin. So what’s good and what gets listed on coinbase. People are going to buy, now what does that mean as an investor that means there is a possibility to make some big money.
This announcement internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets.
You Definitely have heard about the ongoing process of additional Ethereum Classic, This coinbase is technically very similar to Ethereum, but these assets require additional exploratory work and we cannot guarantee they will list for trading.
Some of these assets listed solely for customers to buy and sell, without the ability to send or receive using a local wallet.
Information on the assets
In evaluating these assets for exploration, we relied as much as possible on the criteria in our published Digital Asset Framework but found that many of the criteria required communication with external parties to fully evaluate.
#1. Cardano (ADA)
Cardano is a decentralised public blockchain and cryptocurrency project and is a fully open source. development of Cardano is a smart contract platform which seeks to deliver more advanced features than any protocol previously developed.
It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
#2. Basic Attention Token (BAT)
Basic Attention Token radically improves the efficiency of digital advertising by creating a new token. These can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.
To obtain a variety of advertising and attention-based services on the Brave platform uses Token. The utility of the token is based on user attention, which simply means a person’s focused mental engagement.
#3. Stellar Lumens (XLM)
Send money across borders quickly, for a fraction of a cent. Facilitate low-cost payments between different currencies. Customizable payments infrastructure it’s the main advantage of this asset.
Transactions on the decentralized stellar network resolve in 2-5 seconds.
#4. Zcash (ZEC)
It’s for, A decentralized and open-source cryptocurrency that provides strong privacy protections. Shielded transactions hide the sender, recipient, and value on the blockchain. If Bitcoin is like HTTP for money, Zcash is https—a secure transport layer.
#5. 0x (ZRX)
0x is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain.
In the 0x protocol, orders are transported off-chain, massively reducing gas costs and eliminating blockchain bloat. Relayers help broadcast orders and collect a fee each time they facilitate a trade. Anyone can build a relayer.
This announcement has been made to the public and Coinbase internal team at the same time to avoid any internal trading. Coinbase released it’s guidelines for the addition of new assets earlier this year in March.
The world’s value is becoming tokenized. The Ethereum blockchain is an open, borderless financial system that represents a wide variety of assets as cryptographic tokens. In the future, most digital assets and goods will be tokenized.
Here is some Application of Blockchain Technology.