Rumors of a Potential Layer-2 Solution
Crypto exchange Kraken has neither confirmed nor denied rumors about its plans to release a layer-2 solution, similar to its competitor Coinbase's Base network. Reports citing anonymous sources and a job posting from Kraken have fueled these rumors.
Exploring Integration of Protocols and Decentralized Applications
Kraken's job posting reveals that the organization is looking to hire a senior cryptography engineer to design and implement cryptographic protocols and layer-2 solutions. The company has also expressed enthusiasm for layer-2 protocols and mentioned its exploration of integrating more protocols and decentralized applications into its crypto ecosystem.
Kraken's Response
When asked for clarification, Kraken did not confirm or deny the development of a layer-2 network. A spokesperson stated that the company is always looking for new industry challenges and opportunities but has nothing further to share at this time.
Community Reactions
Community members have responded differently to the news. Some support Kraken's potential entry into layer-2 solutions, while others are against it. One user argued that scalable layer-1 networks make layer-2 solutions unnecessary and may fragment liquidity in the industry.
Comparison to Coinbase's Base Network
Kraken's competitor Coinbase released its own layer-2 solution, the Base network, earlier this year. After an initial "builders only" phase, Base was officially launched on August 9, allowing end-users to utilize the network.
