Kraken, some of the globally acknowledged cryptocurrency exchanges, is within the starting stage for the creation of a Layer 2 blockchain network. This strategic transfer seeks to emulate the current success of Coinbase, its direct competitor, which has already taken initiative with the launch of its personal Layer 2 resolution known as Base earlier this yr.
Looking for Strategic Partners
According to the knowledge offered by CoinDesk, Kraken is evaluating completely different collaborations with distinguished entities within the blockchain subject equivalent to Polygon, Matter Labs or Nil Foundation. This step is essential in figuring out the technological and operational path that Kraken’s future Layer 2 network will take. The success of Coinbase’s Base, which leverages the Optimism workforce’s OP Stack, units a precedent within the trade and demonstrates the significance of correct expertise choice.
Official Statement and Speculations
Although Kraken has not formally confirmed its plans or offered concrete particulars, an organization spokesperson informed CoinDesk that they’re dedicated to figuring out and fixing new challenges and alternatives within the crypto sector. This assertion underscores Kraken’s continued curiosity in main the market via innovation.
Integration of Specialized Talent
Indicative of its ambitions, Kraken has posted a job opening for a “Senior Crypto Engineer,” a task that can, amongst different duties, be liable for the design and implementation of Layer 2 options. This deal with specialised expertise displays the dedication of Kraken in direction of the technological forefront within the subject of cryptocurrencies.
With its eyes on the longer term, Kraken is transferring in direction of growing its personal Layer 2 blockchain network, a choice that might considerably alter the panorama of crypto asset exchange platforms and additional cement its place out there. The crypto neighborhood is ready to see how this improvement will affect the adoption and performance of cryptocurrencies in a broader context.
