Coinbase, a major player in the cryptocurrency exchange market, now offers a versatile and compatible “smart wallet” in beta testing. Designed to enhance user experience, this innovative wallet ensures both ease of use and top-notch security for platform members.
In a recent post on their X platform, Coinbase highlighted some attractive benefits for their community members, emphasizing that early adopters will be rewarded. Additionally, they offer special workshops for developers on the platform.
Key Functionalities of the Smart Wallet
By the end of June, the newly unveiled Coinbase intelligent wallet, now undergoing testing on testnet, will be accessible to users on the mainnet as part of Coinbase’s ongoing growth strategy. This action aligns with Coinbase’s expansionist approach, which was recently reinforced through their collaboration with Meta to introduce NFT capabilities to 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas.
Instead of conventional wallets that involve installing browser extensions or complicated apps, this Coinbase digital wallet simplifies the login experience through passkeys boasting top-tier security. This functionality gets rid of the necessity for intricate seed phrases, ensuring a smooth user experience.
Coinbase offers benefits such as gas credits and special developer meetings to users joining their advanced wallet. By introducing this wallet, Coinbase aims to maintain its edge in the fast-paced and growing marketplace through continuous innovation.
Coinbase Universal Smart Wallet
The smart wallet boasts additional advantages such as wide adaptability to various systems and connections, an improved interface for users, seamless incorporation into existing structures, and convenient access to your Coinbase account balances.
The Coinbase smart wallet is built to be compatible with the leading Layer 2 (L2) networks and on-chain apps. At present, it is configured to function on seven different networks: BSC (Binance Smart Chain), Base, Optimism, Ethereum, Arbitrum, Polygon, and Avalanche. Coinbase intends to broaden this compatibility to include additional networks in the future.
With its intelligent design, this wallet boasts various distinctive advantages, enhancing the user experience by seamlessly integrating with decentralized apps (dApps). As a result, developers encounter an uncomplicated onboarding process.
Using a wallet with top-tier security features, you’ll no longer need to deal with intricate seed phrases or passphrases for enhanced protection. Furthermore, this wallet streamlines gasless transactions, allowing users to seamlessly engage with numerous decentralized applications.
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2024-04-22 22:37