Altcoin
Zetachain Soars 17% As Coinbase Confirms Roadmap Listing
Coinbase has announced the addition of Zetachain to its listing roadmap. This development has generated considerable excitement among investors. The cryptocurrency experienced a significant surge of 17% after this announcement.
Coinbase Confirms Roadmap Listing
Coinbase, one of the top cryptocurrency exchanges, recently unveiled its plan to add Zetachain on its roadmap. The announcement simply stated that Zetachain (ZETACHAIN) has been added to the roadmap today.
This decision comes in the wake of Coinbase’s broader strategy to enhance its asset offerings and provide users with a diverse range of investment options. This announcement pushed the coin to a price level of $0.5177 with over 20% gain. However, currently floats at a 16.5% price gain.
In a move towards greater transparency, the exchange has revamped its asset listing process. The exchange has replaced the ‘assets under consideration’ list with a more transparent ‘Roadmap’ section. They made this change to provide investors with clearer and more timely updates on which assets they have selected for listing.
They have however made clear to issue a cautionary note to users, reiterating that transfers and trading of these crypto assets are not supported until an official listing is announced by the exchange. They warn that depositing these assets prematurely could result in a permanent loss of funds. This warning underscores the importance of adhering to official announcements and updates from the platform.
Additionally, Coinbase had earlier introduced an experimental label for newly listed assets, which may apply to the asset in question. This label signifies that the asset is in an initial phase and may carry higher risks along with potential rewards.
ZetaChain’s Gateway Upgrade
ZetaChain announced Gateway, a new upgrade allowing users to access apps from multiple networks supported by the platform. This upgrade marks a step towards improved blockchain interoperability and easier access for developers and users. The July 18 release disclosed Gateway and Localnet, which boost interoperability and allow access from new chains, including Bitcoin.
This update enables apps on their Universal EVM to connect without switching networks by utilizing the ZRC 20 standard. Gateway integrations have revamped the smart contract interface, allowing externally owned accounts (EOAs) to send tokens and call Universal Apps through a unified API, fostering a hub-and-spoke model for improved efficiency.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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