Cardano Founder Eyes Partnership with Kraken for New Layer-2 Blockchain Mission

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Cardano founder Charles Hoskinson exhibits curiosity in partnering with Kraken

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Charles Hoskinson, the founding father of Cardano, has expressed curiosity in partnering with Kraken, a serious U.S. cryptocurrency trade, to construct its layer-2 blockchain community. 

This transfer comes as Kraken is actively searching for a blockchain developer to reinforce its technological capabilities, with notable contenders already being within the working.

Kraken’s seek for a blockchain associate

Kraken’s ambition to launch its personal layer-2 community is a part of a broader development amongst main crypto corporations to increase their operations into blockchain expertise growth. 

This technique not solely opens up potential new income streams but additionally solidifies their standing within the quickly evolving digital foreign money market. 

Kraken is at present contemplating a number of main blockchain expertise corporations, together with the likes of Polygon and Matter Labs. It’s not clear whether or not or not Cardano will in the end make the reduce.

Coinbase’s layer-2 success

Coinbase’s foray into layer-2 networks has set a precedent within the trade. Their community, Base, constructed on the OP Stack in collaboration with Optimism, has efficiently improved the effectivity and person expertise of working decentralized functions on Ethereum

Notably, Base has change into the tenth hottest chain by whole worth locked, exceeding $300 million. 

Bolstering its dedication to transparency and group collaboration, Coinbase just lately open-sourced Base’s code, inviting public contributions and scrutiny to reinforce the Ethereum Layer 2 community. 

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