Coinbase CEO Brian Armstrong stated that scaling solutions for Ethereum (ETH) have a better adoption rate than Bitcoin‘s (BTC) Lightning Network. In a recent earnings call, Armstrong claimed that Ethereum’s scaling solutions, such as Polygon (MATIC), Optimism (OP), and Arbitrum (ARB), have been widely adopted.
Big News for 4 Altcoins!
Brian Armstrong, the CEO of the leading cryptocurrency exchange, recently discussed Ethereum, Polygon, Optimism, and Arbitrum, saying:
We are taking a new look at Lightning Network, and there are many great teams from different companies working on open-source solutions and some proprietary teams trying to advance the state of the technology out there. I think that Ethereum’s Layer-2 solutions like Polygon, Optimism, Arbitrum, and Base, which are built on Optimism, are one of them. They have been adopted more.
Coinbase CEO’s Statements!
Coinbase CEO believes that scaling solutions can increase adoption levels by becoming more user-friendly. The increasing adoption is said to bring momentum to cryptocurrencies. The CEO stated:
Many of them come from usability challenges. If you’re an average user, they really don’t want to know or maybe they don’t care. I think what should happen, and this is something Coinbase can really help with, is we can make it seamless in the background. If someone goes to pay for an online friend or a remittance payment or something like that, they should really be negotiating. Cryptocurrencies essentially bridge that for you in real-time, so you see the amount in dollars or something that goes over the wire, and it comes in at 0.01 dollars in a second… You don’t have to worry about Layer-2 and all that kind of stuff. The ideal outcome we should reach is this…
