As the cryptocurrency market develops at a dizzying pace, Coinbase, one of the leading exchange platforms, achieves phenomenal transaction speeds. What secrets lie behind this impressive performance?
Not long ago, the cryptocurrency world was stunned by the phenomenal increase in transaction speeds at Coinbase. Brian Armstrong, CEO of Coinbase, pointed to Friend.tech technology as a key factor in this innovation.
For the uninitiated, transaction speed, known as TPS (transactions per second), is one of the main performance indicators in the cryptocurrency world. A higher TPS means that the platform can process more transactions in less time. Such technological advancement can accelerate the adoption of cryptocurrencies among the masses.
Jesse Pollak, a recognized specialist in L2 protocols, emphasized that the Base TPS has increased more than fivefold, surpassing the speed of the Ethereum network. Ethereum has been a benchmark in the field of cryptocurrencies for years, but now it seems that Coinbase is gaining an edge.
Coinbase’s new protocol, called Base, debuted a few weeks ago and quickly saw a TPS increase of over 75%. This protocol is already integrated with many decentralized applications, indicating its potential and flexibility.
It’s not just the Friend.tech technology that contributed to Base’s success. Key to success is also collaboration with Optimism and the Coinbase exchange platform itself. Both institutions provide essential financial support and bring innovative ideas that contribute to the protocol’s development.
Compared to other new protocols like the recently introduced Shibarium, Base stands out for its stability and reliability. Unlike Shibarium, which encountered serious technical problems, Base continues its expansion unhindered.
Cryptocurrencies and the technologies behind them are constantly evolving, providing users with increasingly advanced tools. Thanks to innovations like Friend.tech, exchange platforms like Coinbase can offer their users faster, more reliable solutions, shaping the future of digital transactions. In times when technology drives progress, it’s worth keeping up with the latest achievements in the cryptocurrency world.
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