As a seasoned crypto investor with a keen eye for emerging trends and a penchant for spotting talent, I find Jesse Pollak’s appointment to Coinbase’s executive team as a beacon of hope for the future of blockchain technology. Having witnessed Base’s meteoric rise as the most used Ethereum layer 2 solution, I am confident that Pollak’s expertise and shared vision with Coinbase will bring about a seamless and efficient user experience across the entire industry.
Jesse Pollak, architect behind Ethereum‘s layer 2 blockchain known as Base, has officially joined the Coinbase leadership team, broadening his professional horizons.
The original inventor voiced his enthusiasm for assuming this fresh role, as it is expected to hasten Coinbase’s objective of onboarding a billion users and a million developers onto blockchain technology.
According to Pollak, both Base and Coinbase Wallet share a similar objective: making it easier for people to enter the on-chain world and link users with top-tier products within the blockchain industry. He underscored that through collaboration, they can now work towards achieving this goal.
Pollak reassured everyone that Base remains committed to upholding its core principles of accessibility, decentralization, and open-source technology. Furthermore, Coinbase plans to expand its scope within the entire economy of blockchain, aiming to adopt and promote Base’s values in innovative and significant manners. In his own words:
It’s worth highlighting that our commitment to upholding our fundamental principles – being inclusive, functioning as a connector rather than an isolated entity, and maintaining a decentralized and open-source approach – remains unwavering. The Coinbase Wallet will persist in operating within the entire onchain economy, and we’ll endeavor to embody these values in more tangible and expansive ways going forward.
Community Reactions: Positive Outlook on Pollak’s Appointment
The announcement of Pollak’s new role has sparked comments from Coinbase users and industry experts, many of whom view it as positive news. Jacob Horne, founder of Zora, expressed his excitement about the announcement, noting that the integration of Coinbase Wallet with Base will create a more seamless and efficient user experience – not just for Coinbase users, but potentially for the entire cryptocurrency industry.
Beyond that, another commentator named Boomer, who boasts a following of over 12,000 people, also expressed his enthusiasm about Pollak’s new position. Additionally, he offered his insights on potential strategies for Coinbase to broaden its influence and stimulate adoption.
The analyst mentioned that if Coinbase wants to increase usage, they need to do several things: first, they should waive gas fees for older users; second, they should add verified Base projects on their centralized platform; third, they could capitalize on the trend of meme coins; and lastly, they should focus on ensuring security to address concerns about fraud.
Pollak has already been added to Coinbase’s eight-member executive. His appointment comes after the departure of Coinbase’s engineering vice president, Manish Gupta. The Base builder was in charge of Coinbase’s consumer and retail engineering teams from January 2018 to September 2021. He also assisted with developing Coinbase Pro and Coinbase Wallet.
Coinbase has just introduced a token retrieval system for Base, allowing users to reclaim approximately 4,000 ERC-20 tokens that were sent to Coinbase through the Binance Smart Chain and Polygon networks. This added feature is expected to increase users’ trust and confidence.
Ever since its debut in August 2023, Base has risen to be the foremost preferred Ethereum layer 2 solution. In the same month, it hit a record number of 4 million active addresses, marking an all-time high.
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2024-10-01 12:54