Coins that supports entire transition to Etherum layer-2

Coinbase has announced its support to the whole migration from the solo layer-1 blockchain into the Etherum layer network-2.

The transition was set to start 25. Marta with Coin Temporary suspension of deposits and withdrawal of entire gender token, CGLD, during the upgrade. ​

Cel’s move in layer-2 aims to take advantage of ethereum’s (El) Robust safety and expansive ecosystem, retaining its marking characteristics, such as low transaction fees and a fast settlement place.

This strategic shift is expected to improve scalability, reduce costs and improve interoperability with Etherum applications.

Coinbase secured users that their CGLD tokens will automatically convert during migration, not demanding that they do not require. However, the Stock Exchange is advised to refrain from the CGLD deposit during the migration window to avoid processing delays.

Email notifications will be sent to inform users when services are disabled and when they have continued.

Migration process

The migration process includes significant technical changes, such as faster block confirmation and introduction of gender bridging between entire and ethereum, improving the security and efficiency of property transfer.

Despite these changes, Token Tiken for entire layer-2 networks will remain as CGLD.