The main crypto exchange platform based in the United States Coinbase acquires the team of a blockchain startup to strengthen their confidentiality efforts on the basis.
In a new announcement, Coinbase says that it is integrating the development team of the layer 1 Iron Fish (IRON) project to help develop “primitives preserving confidentiality” on the basis, the blockchain owner of Crypto Exchange.
Coinbase underlines that he does not acquire the iron fish itself, his token or his technology.
“Confidentiality is not only a functionality, it is a right – and it is essential to unlock the full potential of the crypto. Today, we are making a major step towards this future by acquiring the team behind Iron Fish …
This team brings solid experience by helping manufacturers by developing tools and technologies preserving confidentiality that are safe, accessible and friendly. »»
According to Coinbase, the Iron Fish team will help business establish new confidentiality standards, facilitate development for manufacturers and strengthen anonymity for everyday users.
“With the Iron Fish team joining the base, we make a long -term investment in confidentiality as a basic pillar of the chain economy … The battery of scalability and confidentiality of the base will help developers create the next generation of private, secure and compliant applications …
Privacy tools will become easier to use, giving people more control while keeping transactions quickly and at low cost. This means that anyone can exchange, transform and engage on the chain while protecting sensitive information. »»
Iron Fish, launched in April 2023, is a blockchain of proof of work focused on the privacy supported by the asset management giant Andreessen Horowitz who figures each transaction with proof of zero knowledge (ZK).
Iron is negotiated at $ 0.266 at the time of writing, a drop of 9.5% in the last 24 hours.
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