Tag

Layer 2 Blockchain

All articles tagged with #layer 2 blockchain

Shiba Inu's Shibarium Launch Boosts DeFi Growth and SHIB Price

Originally Published 2 years ago — by CoinDesk

Shiba Inu's Ethereum layer-2 blockchain, Shibarium, has gone live, aiming to attract users with low fees and a focus on financial services and gaming. The network will utilize SHIB, BONE, TREAT, and LEASH tokens for applications, potentially increasing their prices as demand grows. Shibarium is part of Shiba Inu's plan to establish itself as a serious blockchain project and player in decentralized finance. It also plans to explore metaverse and gaming applications, as well as serve as a cheap settlement for DeFi. The network will introduce a decentralized autonomous organization (DAO) called "DoggyDAO" to fund projects on Shibarium.

business cryptocurrencyblockchain cryptocurrencyblockchain defi ethereum layer-2-blockchain shiba-inu shibarium

Coinbase's Blockchain Launches Successfully, Attracts Millions in Investments

Originally Published 2 years ago — by CoinDesk

Coinbase has officially launched its Base blockchain, allowing public companies to run their own distributed networks. The move could generate fees for Coinbase and open up new revenue streams from applications built on the blockchain. The Base network is a layer 2 blockchain built on top of Ethereum, and it already has $139 million in deposits locked into apps and protocols, making it the fifth-largest layer 2 blockchain. Coinbase plans to promote the new project's capabilities through its "Onchain Summer" promotion with corporate partners, including Coca-Cola.

business cryptocurrencyblockchain base-blockchain coinbase cryptocurrencyblockchain decentralized-apps layer-2-blockchain public-companies