Coinbase Announces Support for Little-Known Ethereum Scaling Altcoin and Mid-Cap Stablecoin Project

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A layer-2 scaling solution is joining top US crypto exchange Coinbase’s roster of digital assets alongside an exchange stablecoin. Coinbase says Boba Network (BOBA) and Gemini USD (GUSD) will start trading paired with Tether (USDT) once appropriate liquidity conditions are met. Boba Network utilizes optimistic rollups, a less stringent and data-heavy method of transaction verification than traditional zero-knowledge rollups. Native token BOBA can be used for governance and staking. The project was developed to empower decentralized applications (DApps) developers building on Ethereum (ETH). Boba Network has experienced a roller coaster of price action this week, surging 35.2% from a Tuesday
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Author: NixCoin

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