Coinbase Adds ZetaChain and Across Protocol to Listing Roadmap
Two lesser-known altcoins are gaining momentum after receiving support from Coinbase, a major US cryptocurrency exchange. Recently, Coinbase announced it is adding ZetaChain and Across Protocol (AVX) to its listing roadmap.
What is Coinbase's Listing Roadmap?
The listing roadmap is an initiative started by Coinbase in 2022 to improve transparency and reduce market manipulation, such as front-running. Whenever Coinbase plans to list a new digital asset, they first announce it on this roadmap.
ZetaChain: The First Universal Blockchain
ZetaChain is described as the "first universal blockchain." It's an interoperable layer-1 blockchain based on the Ethereum Virtual Machine (EVM). This means developers can create decentralized applications (dApps) that work across multiple blockchains like Bitcoin, Cosmos, and Ethereum.
For example, imagine wanting to use applications on different blockchains without needing separate applications for each one. ZetaChain makes this possible by connecting everything in the crypto world, making it as easy as if it were all in one place. At the time of writing, ZetaChain's price increased by 7.7%, reaching $0.491.
Across Protocol: Simplifying Cross-Chain Transfers
The other digital asset, AVX, is part of the Across Protocol, which operates as a multichain bridge. This tool allows users to move tokens effortlessly from one blockchain to another using a concept called "intents."
You can think of intents as a combination of a limit order and an action that executes it. This setup allows users to focus on the result they want rather than the technical process, while others compete to provide the best execution path. For instance, developers can create seamless cross-chain experiences by embedding a standard order in their protocol actions. The current price of AVX has risen by 8.4%, amounting to $0.356.
Conclusion
The inclusion of ZetaChain and Across Protocol in Coinbase's listing roadmap highlights the growing interest in interoperable and cross-chain technologies within the crypto market. These advancements may pave the way for more seamless crypto experiences in the future.
Disclaimer: The information provided here is not investment advice. Conduct thorough research before investing in cryptocurrencies or digital assets.
