The release of the plan shows Coinbase’s delicate dance in sponsoring its own blockchain, which is; the challenge is to reap the benefits from having an associated network without exerting undue control over it and undermining the purported benefits of decentralization.
The exchange said it will not control the crypto that users bring to Base, nor will it give preference to the order of transactions that occur on the blockchain. Coinbase also pledged not to use private transaction data for marketing purposes and won’t pose any limitations on exiting or withdrawals for users of Base.
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