Base

Notable

<p class="p1" style="text-align: justify">Kraken, one of the leading cryptocurrency exchanges, neither confirmed nor denied the rumors about launching a Layer-2 platform similar to &lt;a href="https://en.coin-turk.com/bitmex-launches-prediction-<a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a>-option-expanding-into-the-world-of-speculation/”&gt;Coinbase’s Base network. However, the company took a step that supports this project.</p>
<h2 class="p1" style="text-align: justify" id="kraken-s-attention-grabbing-job-listing">Kraken’s Attention-Grabbing Job Listing</h2>
<p class="p1" style="text-align: justify">The attention-grabbing rumors about Kraken were backed up by reports citing anonymous sources and a job listing emphasizing the company’s intention to hire a senior cryptography engineer responsible for creating and launching cryptographic protocols and Layer-2 solutions.</p>
<p class="p1" style="text-align: justify">The job listing also revealed that the Kraken team has started exploring how more protocols and decentralized platforms can be integrated into the crypto ecosystem. It also mentioned the company’s enthusiasm for Layer-2 protocols.</p>
<p class="p1" style="text-align: justify"><img decoding="async" class="aligncenter wp-image-274265 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/kranken-is-ilani.jpg" alt="" width="1068" height="733"></p>
<h2 class="p1" style="text-align: justify" id="notable-statements-from-company-officials">Notable Statements from Company Officials</h2>
<p class="p1" style="text-align: justify">According to statements made by Kraken officials, they did not confirm the existence of a Layer-2 network that could potentially rival the Base network and other Layer-2 projects in the crypto space. A spokesperson for Kraken stated that the company does not have any steps to discuss on this matter at the moment. The statement from the official reads:</p>
<blockquote>
 <p class="p1" style="text-align: justify">“We are always trying to identify and solve new challenges and opportunities in the industry. At the moment, we have nothing else to share.”</p>
</blockquote>
<p class="p1" style="text-align: justify">Various community members responded to the news, with some supporting Kraken’s venture into Layer-2 protocol projects, while others opposed it. One user argued that there is no need for Layer-2 projects due to scalable Layer-1 networks. The community member also claimed that the industry already has enough Layer-2 networks that distribute the market share.</p>
<p class="p1" style="text-align: justify">Earlier this year, Kraken’s competitor, Coinbase, introduced its own Layer-2 project called Base to users. Base was officially launched on August 9th and initially served as a testing phase for developers before being made available to end users.</p> Continue Reading: <a href="https://en.coin-turk.com/kraken-plans-to-launch-a-layer-2-platform-following-in-the-footsteps-of-coinbase/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/kraken-plans-to-launch-a-layer-2-platform-following-in-the-footsteps-of-coinbase/</a>

Kraken Plans to Launch a Layer-2 Platform, Following in the Footsteps of Coinbase

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