Polygon: First Scaling Solution for Coinbase
The Protocol team was recently established at Coinbase to work on scaling Ethereum through integration with L2 and other ETH scaling solutions. The Coinbase team plans to integrate Polygon PoS as their first scaling solution for Coinbase.
The Coinbase Protocol team is an experienced group of engineers at Coinbase focused on contributing to scaling blockchains and community building. Specifically, this team looks at
1) contributing to open source projects
2) integrating cutting edge technologies with Coinbase products
3) supporting developers through Coinbase’s grant programs.
Manish Gupta, the EVP of engineering at Coinbase stated that their first choice for scaling Ethereum is the Polygon network and this is a good reason to think of Polygon as an Etheruem scaling OG.
Sandeep Nailwal, Co-Founder of Polygon, said: “We are happy to be of good help to the Coinbase protocol team by offering scaling solutions to Ethereum. Polygon PoS is the fastest-growing Ethereum scaling solution with high speed and low gas infrastructure. This will certainly help to improve the Coinbase user experience”.
Scaling Ethereum with Polygon PoS network will help Coinbase to address some of the biggest challenges, including high prices and long settlement times, to allow users to quickly and cheaply withdraw directly onto a supported scaling solution. The aim is to help level the playing field and ensure retail users don’t get priced out of being able to participate in this burgeoning ecosystem.
The Polygon PoS network currently has support from many leading exchanges and wallets including Binance Exchange Wallet, Trust Wallet, Huobi Wallet, OKEX wallet among others. Coinbase Wallet and its extension are also part of the list with the Coinbase team planning to integrate Polygon PoS as its first scaling solution.
Learn more about the Coinbase Protocol team here.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ transactions, and ~6M+ daily transactions.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure transactions for your Dapp, get started here.