One of the big players in the cryptocurrency wallet space – Coin98 has been making great strides and improving user experience when communicating with different blockchain networks. In its latest update, Coin98 has integrated X Layer, an innovative decentralized Ethereum Layer 2 solution, into both its Super Wallet and browser extension platforms.
This strategic addition not only broadens the accessibility of Layer 2 solutions for its users but also cements Coin98’s commitment to facilitating seamless interactions across diverse blockchain ecosystems.
Coin98 integrates @XLayerOfficial, connecting users to various Layer 2 Blockchain options.
Update #Coin98 Super Wallet and start exploring today 👉 https://t.co/ZqQsRDm4MA
Learn more at: https://t.co/kEbUQy6RTv pic.twitter.com/iAxFO75F6D
— Coin98 Super Wallet (@coin98_wallet) June 29, 2024
The Rise of Layer 2 Solutions
Layer 2 networks are emerging as the next stage in blockchain and crypto development, with demands on speed and costs pushing more projects to this alternative framework. They solve the transaction volume problem observed in mainnet-based blockchains like Ethereum by executing transactions off-chain and settling on the main chain.
X Layer is highly transactional, requiring both valid and final off-chain computations, which are secured by node-to-node connections using cutting-edge cryptographic techniques. This integration provides Coin98 users with a gateway to the enhanced performance and reduced costs associated with Layer 2 technologies.
By integrating X Layer, the Coin98 Super Wallet has further enriched its multi-chain infrastructure and provided access to users across more ecosystems. By adding X Layer to its roster of supported chains, Coin98 enables users to easily create and manage multi-chain wallets while offering DApps and services across a wide range of storefronts.
This is especially newsworthy for users who are looking forward to using the speed & scaling of Layer 2 networks but did not want to get compromised by losing their security.
User Benefits and Ecosystem Growth
The addition of X Layer to Coin98 Super Wallet allows users not only to manage and transfer assets like OKB tokens efficiently but also to access a wider range of decentralized finance (DeFi) applications and services available within the X Layer ecosystem.
Additionally, X Layer is designed to work with the Polygon Chain Development Kit (CDK) which will encourage more developer activity and innovation along with enabling new forms of cross project collaboration in the Web3 space.
As Coin98 discovers and adapts more Layer 2 solutions, the full-stack platform pledges an open vista of prospects for traders using its native tool. The focus remains on enhancing user experience by providing access to advanced blockchain technologies and fostering a community of informed and engaged participants in the Web3 ecosystem. Coin98’s commitment to expanding its multichain capabilities is a testament to its vision of a more interconnected and accessible blockchain environment.