Coinbase recently announced a job posting for a Staff Blockchain Engineer, which has piqued the interest of investors, particularly those who have invested in Cardano (ADA). The job description on the company’s website specifically cites Cardano as one of the “heterogeneous cryptocurrency networks.”
According to the job description, Coinbase Wallet-as-a-Service (WaaS) would allow developers to securely interface with networks such as Bitcoin, Ethereum, and Cardano. Also, the Staff Blockchain Engineer will be part of a team focused on enabling and advancing Coinbase’s array of products, which includes Base, WaaS, and Cloud.
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What Does This Mean for Cardano?
The Cardano network has handled over 65.6 million transactions as of May 1. Compared to 500 projects in March 2022, over 1,230 projects are presently active on Cardano. In addition, there are already 72,000 token policies and 8.20 million tokens on the network.
Furthermore, Plutus scripts have surpassed 5,419, indicating a rise in the demand for decentralized applications on the network. The Cardano blockchain’s Plutus smart contract platform enables users to create programs that communicate with the blockchain.
Notably, the Cardano blockchain’s scalability, security, and sustainability are recognized as strengths. Due to its distinctive Proof-of-Stake consensus algorithm, it is a preferred option for investors and developers.
Given this development, Cardano’s inclusion in the job description marks a significant turning point for the network. Coinbase is the largest cryptocurrency exchange in the United States and one of the largest in the world.
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