Coinbase Acquires Iron Fish Team to Boost Privacy to Boost Privacy on Base

Coinbase has acquired the Iron Fish team to enhance privacy features on its layer 2 network, Base. This acquisition, which includes key developers like CEO Elena Nadolinski, aims to create a dedicated privacy-focused team to develop tools for secure on-chain transactions. While the Iron Fish blockchain and its token will remain independent, Coinbase emphasizes that integrating privacy is essential for building compliant decentralized applications. This move reflects a growing commitment to ensuring privacy in blockchain technology, a crucial aspect amidst concerns over transaction transparency. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk