Kraken, one of the largest cryptocurrency exchanges in the USA, has started working to implement its own layer-2 (L-2) blockchain.
Kraken wants to enter the L-2 blockchain space, like the BASE network launched by Coinbase, one of its biggest rivals in the USA. CoinDesk According to the news based on sources familiar with the subject, cryptocurrency exchange Kraken has its own To develop L-2 blockchain looking for a partner.
According to the information provided, among the company’s potential partners: Polygon (MATIC)the developer company of ZkSync Matter Labs And Nile Foundation There are experienced names in this field such as.
Coinbase, the largest cryptocurrency exchange in the USA, recently Optimism (OP) behind KISS Stack using L-2 blockchain Base had implemented it.
The studies carried out by the stock exchanges in this field clearly reveal the increasing interest in the L-2 sector.
About subject evasive answers A Kraken spokesperson, who preferred to give information, said that the work was ongoing, but did not provide further details:
We are always trying to identify and solve new industry challenges and opportunities. We don’t have anything else to share at this time.
L2- blockchains refer to a secondary blockchain or scaling solution built on top of the main blockchain (usually Ethereum, Optimism, etc.). L-2 technologies are designed to solve problems such as increasing transaction throughput, speeding up transaction times and reducing transaction costs by working on top of the main blockchain.