The US Coinbase Cryptocurrency Exchange has outlined plans to support Ethereum (2.0) heaping rewards - paving the way for a wider adoption of the smart contract platform.
In an official blog post, Coinbase announced that it plans to roll out Ethereum (2.0) stacking, trading and transfer services starting in early 2021.
Once Ethereum (2.0) is supported, existing CoinBase customers will be able to convert their ETH tokens to Ethereum (2.0) and earn stack rewards.
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where the company said: While frozen Ethereum (2.0) tokens remain locked in the Beacon chain, Coinbase will also enable trading between Ethereum (2.0), Ethereum, and all currencies. Other subsidies that provide liquidity to our clients.
Coinbase also said it will announce more details as each feature nears launch.
This news comes on the eve of the upcoming launch of the Ethereum Beacon Chain chain, which begins with a multi-year upgrade to the Blockchain network.
The upgrade will move Ethereum from the existing Proof of Work consensus to the Proof of Stake network.
where the Ethereum development team claims that proof of stake reduces centralization risks and allows for stronger defense against 51% attacks.
