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<ul>
 <li>Kraken eyes Polygon, Matter Labs, and Nil Foundation for layer 2 network.</li>
 <li>Follows Coinbase: plans to develop its layer 2 network.</li>
 <li>Job posting hints at Kraken’s exploration of cryptography and scaling solutions.</li>
</ul>
<p><a href="https://www.kraken.com/" target="_blank" rel="noopener noreferrer nofollow">Kraken</a>, a leading U.S. crypto exchange, is contemplating a strategic move into the world of layer 2 networks, following the lead set by competitor Coinbase earlier this year. According to sources familiar with the matter, the exchange is evaluating various blockchain developers like <a href="https://polygon.technology/" target="_blank" rel="noopener noreferrer nofollow">Polygon</a>, Matter Labs, and the Nil Foundation to potentially craft its own layer 2 network.</p>
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   <p lang="en" dir="ltr">I'm game if you are <a href="https://t.co/Zryh679fMl" rel="noopener noreferrer nofollow">https://t.co/Zryh679fMl</a><a href="https://twitter.com/jespow?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@jespow</a> PM me</p>— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1723672223213670720?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 12, 2023</a>
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<p>As we can see from the post above, Charles Hoskinson, the Founder and CEO of Cardano is throwing his hat into the ring. Looks like Hoskinson likes the prospect of a partnership with Kraken and take on this venture as well.</p>
<p>The discussions, although in the preliminary stages and unconfirmed publicly, hint at <a href="https://cryptonewsland.com/kraken-may-launch-own-blockchain-l2-network-following-coinbases-success/" target="_blank" rel="noopener noreferrer nofollow">Kraken’s ambitions to address new industry challenges</a> and seize emerging opportunities. While a Kraken spokesperson declined to provide further details, job postings on the company’s website suggest a proactive stance toward embracing modern cryptography and exploring layer-2 solutions.</p>
<p>Coinbase set a precedent by unveiling its <a href="https://cryptonewsland.com/coinbase-set-to-reshape-crypto-landscape-with-l2-solution-base/" target="_blank" rel="noopener noreferrer nofollow">Base layer 2 network</a> in August, leveraging OP Stack from the team behind Optimism. Similarly, Polygon and Matter Labs are pioneers in Ethereum scaling, offering cutting-edge solutions like zkEVM and zkSync, respectively, to fuel the growth of decentralized applications.</p>
<p>Kraken’s potential venture into layer 2 technology reflects a broader trend within the crypto sphere, where established industry players are exploring blockchain development as a means of generating new revenue streams or expanding their operational frameworks.</p>
<p>The exchange’s recent job posting for a Senior Cryptography Engineer emphasizes familiarity with ZK proofs and a strong focus on open-source and layer-2 technologies. The role hints at the company’s intention to integrate more protocols and decentralized applications into its platform, showcasing a commitment to scaling solutions on-chain.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/kraken-eyes-u-s-listed-stock-and-etf-trading-launch-by-2024/" rel="noopener noreferrer nofollow">Kraken Eyes U.S.-Listed Stock and ETF Trading Launch by 2024</a></li>
 <li><a href="https://cryptonewsland.com/kraken-beats-binance-as-favorite-cryptocurrency-exchange/" rel="noopener noreferrer nofollow">Kraken Beats Binance as ‘Favorite Cryptocurrency Exchange’</a></li>
 <li><a href="https://cryptonewsland.com/kraken-gives-up-on-america-now-plans-to-launch-its-own-bank/" rel="noopener noreferrer nofollow">Kraken Gives Up on America, Now Plans To Launch Its Own Bank</a></li>
 <li><a href="https://cryptonewsland.com/kraken-may-launch-own-blockchain-l2-network-following-coinbases-success/" rel="noopener noreferrer nofollow">Kraken May Launch Own Blockchain L2 Network Following Coinbase’s Success</a></li>
 <li><a href="https://cryptonewsland.com/kraken-ceo-calls-binance-proof-of-reserves-pointless/" rel="noopener noreferrer nofollow">Kraken CEO Calls Binance ‘Proof Of Reserves’ Pointless</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/kraken-explores-polygon-partnership-to-launch-layer-2-blockchain-network/" rel="noopener noreferrer nofollow">Kraken Explores Polygon Partnership to Launch Layer 2 Blockchain Network</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Kraken Explores Polygon Partnership to Launch Layer 2 Blockchain Network

Crypto News Land

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