Coinbase-backed Base just exposed the uncomfortable truth about Ethereum’s L2s
Ethereum and Coinbase-backed layer-2 network Base have abandoned an effort to agree on how the next generation of crypto wallets should work. On Sept. 14, Ethlabs researcher Derek Chiang said collaboration between developers working on Ethereum’s EIP-8141 Frame Transactions and Base’s EIP-8130 broke down last week after attempts to produce a shared account-abstraction standard failed to […] The post Coinbase-backed Base just exposed the uncomfortable truth about Ethereum’s L2s appeared first on CryptoSlate.
Key Takeaways
- Ethereum and Coinbase-backed layer-2 network Base have abandoned an effort to agree on how the next generation of crypto wallets should work.
- 14, Ethlabs researcher Derek Chiang said collaboration between developers working on Ethereum’s EIP-8141 Frame Transactions and Base’s EIP-8130 broke down last week after attempts to produce a shared account-abstraction standard failed to […] The post Coinbase-backed Base just exposed the uncomfortable truth about Ethereum’s L2s appeared first on CryptoSlate.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Garlinghouse Backs Bessent’s CLARITY Act Case Ahead of Senate Vote
Ripple CEO Brad Garlinghouse backed Treasury Secretary Scott Bessent’s case for advancing the CLARITY Act, arguing the final compromise deserves Senate support. Bessent says the bill gives Treasury tools to protect community banks if stablecoin-related…
U.S. House panel shares crypto tax bill ahead of hearing later this week
The House Ways and Means Committee published a crypto tax bill addressing de minimis transactions, staking and other issues for which the industry's clamored for policies.
UK Lords Defeat Government 194-138 Over Crypto Strategy
The United Kingdom government has suffered a House of Lords defeat after peers voted 194-138 to require the Treasury to produce a national digital-assets strategy. The amendment puts fresh pressure on the U.K. to sharpen its approach to crypto, stablecoins…