Coinbase's announcement to not support the Celo blockchain migration has sparked dissatisfaction within the community

2024-11-28 21:24:12

Collection

ChainCatcher news, Coinbase stated that the Celo L1 blockchain (Coinbase code: CGLD) will migrate to Celo L2 on January 16, 2025. Coinbase will not support the migration, and customers must withdraw CGLD from Coinbase by January 13, 2025, to prevent their funds from becoming inaccessible.

This move has sparked dissatisfaction within the community. cLabs CEO Marek Olszewski stated, "This feels like a hindrance to the Ethereum-centric Layer 2 scaling roadmap. Has the hard fork caused controversy? How should the Celo community respond? Celo Layer 1 validators can choose to retain the current Layer 1 chain and rename it to Celo Gold (CGLD) to make life easier for Coinbase and its users. Fortunately, Coinbase is already using this code, so CGLD could become a Memecoin."

(Source Link)

Related tags

Coinbase Celo

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.

2024-11-28 22:58

The multi-AI agent platform Questflow has been awarded the Coinbase Developer Platform Ecosystem Grant and has released the Twitter Agent Swarm group scheduling capability

2024-11-28 16:39

Gaia partners with Coinbase to launch "The First Fully-Autonomous AI Agent" hackathon

2024-11-28 15:47

Coinbase will not support the Celo blockchain migration

2024-11-28 14:33

Related tags

Coinbase Celo

Mention the project

Coinbase Famous cryptocurrency exchange

Celo Mobile-first public chain