Categories: Crypto

Coinbase Wants to Speed up Blockchain Adoption Through Rosetta

Coinbase is best known for providing cryptocurrency exchange services to most countries in the world. It also seems that the company wants to push broader blockchain adoption to a whole new level.

For years now, integrating blockchain technology has proven to be a key challenge for developers and corporations.

Rosetta is Designed for Blockchain Integration

More often than not, it forces them to develop an in-house solution that might not meet the original expectations.

Coinbase acknowledges that something needs to be done to make integration with blockchain simpler and more reliable. 

Their solution comes in the form of Rosetta.

It is an open-source tool set designed to create a more open ecosystem.

Related Post

It is a tool set initially used by Coinbase to integrate blockchain into its own platform with ease.

As the number of distributed ledgers continues to increase, it becomes more difficult to integrate any of them.

Especially developers working on new projects will, according to Coinbase, benefit a lot from using Rosetta.

Moreover, exchanges will benefit from this set as well by having a more convenient way to integrate more blockchains and their native assets.

Anyone is welcome to contribute to Rosetta.

Several teams are already doing so, including Handshake, Sia, and Ontology.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

5 Underrated Metaverse Coins With Great Long Term Potential

Metaverse coins are all the hype these days, with coins like Decentraland and Axie Infinity…

2 hours ago

Ankr Price Up 11% Amid Binance Listing and Polkadot Parachain Integration

Ankr price is up over 11% today, making it one of the biggest gainers on…

6 hours ago

Keep Network Price Up 45% Amid Upcoming Threshold Merger

Keep Network price is up over 45% today, making it the biggest gainer on Crypto.com.…

19 hours ago

Nugenesis Patented Gasless NFT Platform Will Bring Mainstream Adoption

NuGenesis has 4 patents pending for its gasless NFT multi-cross chain system. It sees NFTs…

24 hours ago

Top 5 Metaverse Coins With Fully Functional Apps to Watch In 2022

The hottest trends in crypto right now are meme coins and metaverse projects. With Facebook's…

1 day ago

How to Identify and Report Cryptocurrency Scams

With crypto going mainstream, there are a lot of scams popping out. While buying certain…

1 day ago

This website uses cookies.