Coinbase rolls out on-chain credential verification using the Ethereum Attestation Service

2023-11-11 02:00

Coinbase announced a feature on Nov. 9 that allows users to attest their account and country credentials on-chain and access additional benefits.

Coinbase’s help pages indicate that issued verifications are meant to serve as a “trusted badge” that grants access to on-chain apps and benefits. Coinbase said that verification will initially provide users with a badge in Base’s Guild — the membership program for its second-layer network, Base — plus access to a private Discord channel.

Coinbase added that verification will soon provide access to gasless (i.e., feeless) transactions, plus access to other participating apps on the Base network. Those upcoming apps include three DeFi platforms: Index Coop, Perennial, and Volmex.

Community data from Dune Analytics suggests that Coinbase has issued over 9,700 attestations to more than 6,200 unique recipients since late October.

Coinbase explains participation requirements

The remainder of the help page provides more details. It notes that verifications can be tied to any self-custodial Ethereum (EVM) wallet address but cannot be transferred to other addresses. A separate section notes that the verification can be associated with up to three addresses, including MetaMask and Coinbase Wallet addresses.

Coinbase said that attesting one’s country of residence is optional but noted that gaining access to certain apps may be necessary. It also assured users that their information will not be published on-chain without their consent.

To verify an account on-chain, users must have a Coinbase account that is not subject to buying, selling, and trading restrictions, Coinbase said.

Coinbase added that it ultimately aims to allow third parties to issue verifications using the service and expand the ways in which users can be verified.

Verifications are issued through the Ethereum Attestation Service (EAS), an Ethereum community project also used by other projects, including Optimism.

The post Coinbase rolls out on-chain credential verification using the Ethereum Attestation Service appeared first on CryptoSlate.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Friends With Benefits (FWB) на Currencies.ru

$ 0 (-0.20%)
Объем 24H $39.154k
Изменеия 24h: 21.87 %, 7d: 855.63 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 2.9095 (-100%)

on-chain coinbase access benefits indicate pages additional

on-chain coinbase → Результатов: 76


Фото:

Out of Testnet and Into Alpha: Lightning Labs’ Desktop Application Is Live

Lightning Labs just released an alpha version of its Lightning Network wallet. The desktop application is now compatible with Bitcoin’s mainnet and it leverages Neutrino (the protocol, not the analytics company acquired by Coinbase) to give users a lightweight option to “control their own funds,” as opposed to running a full node or trusting a third party to play custodian.

2019-4-24 01:38


Crypto Giant Coinbase Launches Cross-Border Payments with XRP and USDC

Crypto exchange Coinbase is now offering cross-border payments service to enable customers to transfer funds using Ripple (XRP) and the stablecoin USDCoin (USDC). Coinbase made the announcement on its website, touting the service as fast and convenient: “You can now send money to any user with a Coinbase account around the world using XRP or USDC.

2019-4-2 16:43


Crypto News Recap For Dec 3rd; G20 Summit, Ripple Updates, Coinshares Study, ETH Congestion [VIDEO]

Programmer Uses New Bitcoin Cash Opcode for On-Chain BCH Blockchain Chess Game Programmer Uses New Bitcoin Cash Opcode for On-Chain BCH Blockchain Chess Game Billionaire Micheal Novogratz Bullish On 2019 Bitcoin Despite Enduring Millions In Loses in 2018 Billionaire Micheal Novogratz Bullish On 2019 Bitcoin Despite Enduring Millions In Loses in 2018 Coinbase to Share […]

2018-12-3 21:28