Categories: Crypto

Journalists learned about Kraken's plans to launch an L2 network

Bitcoin exchange Kraken is in talks with Polygon, Matter Labs and the Nil Foundation about a potential partnership to launch a second-tier solution similar to Coinbase. CoinDesk writes about this with reference to informed sources.

The initiative helped the competitor diversify its sources of income, the publication recalled.

At the heart of the new solution, Kraken plans to use Optimism's OP Stack.

A representative of the platform reported on the exchange’s desire to solve new industry challenges.

“We are passionate about open source, L2 technologies, ZKP, MPC and are constantly looking to explore the potential of solutions to scale. Recently, the team began exploring the possibility of integrating protocols and dapps,” he indicated.

Kraken currently has an opening for a Senior Cryptographic Engineer. His responsibilities will include “design and implementation of L2 solutions.”

The public launch of Base took place in early August. Developers were able to use the protocol on July 13th.

A day after the opening of wide access to the network, it rose to fifth place in the ranking in terms of the volume of blocked funds among L2 solutions.

Let us remind you that in October the developers opened the source code of smart contracts and repositories on GitHub.

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