Ethereum 2.0 equity rewards are coming to Coinbase

By Surojit Chatterjee

On December 1st, the Ethereum beacon chain will be launched, starting to upgrade to Ethereum 2.0 (ETH2).

Coinbase intends to support ETH2 through mortgages and transactions. Coinbase customers will be able to convert ETH in their Coinbase account to ETH2 with Get rewards for betting.

While the collateralized ETH2 tokens are still retained on the beacon chain, Coinbase will also enable transactions between ETH2, ETH and all other supported currencies, thereby providing liquidity to our customers.

Starting in early 2021, we will roll out the above features to customers in eligible jurisdictions. We will convey more detailed information before each feature is launched.

Since the launch of Ethereum in 2015, a vibrant developer community has developed applications for building various applications, such as decentralized lending protocols, decentralized exchanges, games, etc.

ETH2 aims to solve the two biggest challenges in blockchain development: limited scalability and high oil prices. In the course of two years, the Ethereum community plans to expand the scale and migrate the current Ethereum chain to the ETH2 chain.

We are excited about this important milestone for ETH2 and excited that the entire cryptocurrency community has the potential to finally launch ETH2.

Ethereum 2.0 equity rewards are coming to Coinbase Originally published on Coinbase Blog On Medium, people continue the conversation by highlighting and responding to the story.

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