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[SCAMEXPOSER]

Coinbase teams up with Polygon's team to improve its user experience through integrating Oxpolygon, Polygon's proof of stake mechanism, as they're focused on its Ethereum network scaling via integration with L2 and other scaling solutions. This integration already has the support of crypto exchanges and digital wallets including Huobi Wallet, Okex, and Binance Exchange Wallet, as this will help the coinbase user's experience by reducing high prices and settlement times.

 

[LutherKing]

That good things getting to normal is good , fees should be maximum of $1 to be honest in my opinions to protect your Userbase

 

[SCAMEXPOSER]

Yeah the polygon network comes with very low transaction fee and increase in the speed of transaction , there network is a lightning network and this makes most top cryptocurrency Exchange platforms to adopt it

 

[Josemendez]

If this becomes effective , it will go a long way in reducing the high gas fee associated with the ethereum network and also in encouraging people in their cryptocurrency journey.

 

[SCAMEXPOSER]

If this becomes effective , it will go a long way in reducing the high gas fee associated with the ethereum network and also in encouraging people in their cryptocurrency journey.

That's when it will now be worthwhile for people to buy coca cola and smaller chops in the malls using cryptocurrencies because the gas fee will be almost zero.

 

[Josemendez]

That's when it will now be worthwhile for people to buy coca cola and smaller chops in the malls using cryptocurrencies because the gas fee will be almost zero.

Yeah and the Volatility won't affect the buy because the QR code system will be used to avoid this. Transaction will be faster and fun

 

[SCAMEXPOSER]

I think it became necessary for coinbase to integrate it because large number of it users are US base and they use cryptocurrencies beyond trading and holding.

 

[Josemendez]

I think it became necessary for coinbase to integrate it because large number of it users are US base and they use cryptocurrencies beyond trading and holding.

Yeah. Coinbase has more investors from the US and as such it will be easier for them to move in line with it so that their customers will be satisfied

 

[Chibson]

I think polygon network is one of the best network in the cryptocurrency space because of its low transaction fee and its fast transaction. Matic is of course, a very good cryptocurrency to invest on.
This integration done by coinbase will have a lot of benefits.

 

[crypworld]

That's a great move by Coinbase. We have to think twice before we move coins or withdraw them from one exchange to another.

 

[Mariappa45]

The partnership between coinbase and polygon surely will help reduce the gas fee of the coin via ETH blockchain high gas fee charges, due to coinbase charging very low when it comes to crypto transactions.

 

[Brain]

If this becomes effective , it will go a long way in reducing the high gas fee associated with the ethereum network and also in encouraging people in their cryptocurrency journey.

yesh I see this as the whole essence why they are reducing the fees in the first place it is to encourage the userbase. ofcourse without the users they will be no network. So they do have this in mind and that's what we are seeing happening now with the gas fees reduction which is a good thing to end users