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

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

This transfer comes as Kraken is actively in search of a blockchain developer to reinforce its technological capabilities, with notable contenders already being within the operating.

Kraken’s seek for a blockchain companion

Kraken’s ambition to launch its personal layer-2 community is a part of a broader pattern amongst main crypto firms to increase their operations into blockchain know-how growth.

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

Kraken is presently contemplating a number of main blockchain know-how companies, 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 lower.

Coinbase’s layer-2 success

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

Notably, Base has turn 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.