Kraken Aims for Blockchain Breakthrough: Layer 2 Network in the Works? 📈
Big news on the blockchain front! Kraken, the U.S. heavyweight in the crypto exchange arena, is making headlines with whispers of a Layer 2 network brewing. Let's dig in!
🤝 Collaboration Is the Name of the Game
Reports are in that Kraken isn't flying solo on this venture. They're in active discussions with blockchain virtuosos like Polygon, Matter Labs, and the Nil Foundation to engineer this new Layer 2 network. It's all about leveraging top-tier tech to potentially reshape the trading landscape.
🌐 A Strategic Move Following Coinbase's Footsteps
It seems Kraken is taking a leaf out of Coinbase's playbook, who earlier this year launched Base, their Layer 2 solution. By exploring their own Layer 2 development, Kraken is set to propel itself right to the cutting edge of crypto tech advancement.
💬 What Kraken Has to Say
"We are consistently seeking to recognize and address emerging challenges and opportunities within the industry," says a Kraken spokesperson, staying tight-lipped but hinting at big ambitions.
🔍 The Behind-the-Scenes Action
Though details are under wraps, the buzz is that Kraken's job market moves—like hunting for a Senior Cryptography Engineer—are laying the groundwork for Layer 2 endeavors. They're not just talking the talk; they're preparing to walk the Layer 2 walk.
📊 What's at Stake?
This isn't just tech evolution; it's a strategic play. Crypto exchanges like Kraken are looking to mint new revenue streams and bolster their industry stronghold by diving into blockchain development. It's a bold stride towards self-reliance and service diversification.