EddieJayonCrypto

 4 Dec 24

tl;dr

Coinbase is facing criticism for not supporting Ethereum's scaling roadmap, particularly in relation to Celo's migration to an Ethereum layer-2 solution. Celo executives have expressed disappointment in Coinbase's decision, claiming it hinders Ethereum's layer-2-centric scaling roadmap. However, Coi...

Coinbase has come under fire for not supporting Celo's migration to an Ethereum layer-2 solution. Celo executives have expressed disappointment with Coinbase's decision, stating that it hinders Ethereum's layer-2-centric scaling roadmap.

However, Coinbase has announced that it plans to "reevaluate" Celo L2 after the technical migration is complete. The exchange asserts its support for both layer-1 and layer-2 solutions.

Customers have been instructed to withdraw any CELO from their Coinbase accounts by January 13th, ahead of Celo's scheduled migration to a layer-2 solution on January 16th. This migration is expected to bring technical benefits and enhance security for token transfers.

Celo's migration to layer-2 promises native bridging between Celo and Ethereum, enhancing the security of token transfers and offering a more secure and streamlined experience for users.

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