The top of the American crypto exchange platform Coinbase acquires the team from a blockchain startup to strengthen its privacy efforts on the base.
In a new announcement, Coinbase out It is the development team of Layer-1 Project Iron Fish (IJzer) on board to help develop “Privacy retention primitives” on the base, the own blockchain of the crypto exchange.
Coinbase emphasizes that it does not acquire iron fish itself, are token or his technology.
“Privacy is not only a function, it is a right – and it is crucial to unlock the full potential of crypto. Today we are taking a big step in the direction of that future by acquiring the team behind Iron Fish …
This team brings a strong track record of helping builders by developing privacy-retaining tools and technology that are safe, accessible and compliance-friendly. “
According to Coinbase, the Iron Fish team will help the company determine new standards for privacy, to make development easier for builders and to strengthen anonymity for everyday users.
“With the Iron Fish team that becomes a member of the basics, we do a long-term investment in privacy as a core pillar of the economy on the chain … The scalability of the base and the privacy stack will help developers to create the next generation of private, safe and conforms on the chains …
Privacy aids become easier to use, which gives people more control while transactions are kept quickly and cheaply. This means that everyone can trade in chain, transact and involve them and at the same time protect sensitive information. ”
Iron Fish, which is launched in April 2023, is a Privacy-oriented Proof-of-Work Blockchain, supported by the asset management giant Andreessen Horowitz that cod Every transaction with zero knowledge (ZK) proof.
Iron is traded for $ 0.266 at the time of writing, a decrease of 9.5% during the last 24 hours.
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