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Coinbase
MAKING WEB3 AND THE WORLD OF CRYPTO MORE USER-FRIENDLY AND ACCESSIBLE
BlockchainTime Stamp: Dec 22, 2021 1:22 AM
REPUBLISHED BY PLATO
Followers: 0
Follow Following
By Sid Coelho-Prabhu, Group Product Manager
More and more people are discovering the benefits of crypto, web3, and
blockchain-enabled experiences. To meet the needs of these new users, we are
investing in accessible and user-friendly experiences that make it easier to
participate in decentralized finance (DeFi) and collect non-fungible tokens
(NFTs). We believe this is especially important for self-custody wallets given
the added responsibility placed on the user in managing their own crypto.
With Coinbase Wallet, we are building the most user-friendly self-custody
experience in crypto, including making it easier to manage your crypto across a
range of supported networks. We are also adding some of our users’ most
requested features to Wallet extension, including the ability to natively trade
on decentralized exchanges (DEXes) and bringing NFT collections directly into
the browser.
MANY NETWORKS, ONE WALLET
The surge of interest in crypto this year has sparked many positive
developments, but it also has exposed some of the pain points associated with
scaling. High network fees and longer processing times on the most popular
blockchains are major hurdles for continuing to grow the use of crypto around
the world.
Fortunately, there is a lot of activity within the crypto community that aims to
address today’s scaling issues. Layer 2 solutions, sidechains, and Layer 1
networks that are compatible with the Ethereum Virtual Machine (EVM) are playing
a vital role in helping Ethereum scale, making it more affordable and efficient
to trade crypto, buy NFTs, or borrow from a liquidity pool.
And these networks are becoming more and more popular. Over the past 60 days, we
have seen a 300% increase in the number of daily Coinbase Wallet mobile users
who switch their active network at least once. This means that users are
increasingly using Coinbase Wallet to access dapps, including DeFi, gaming, and
NFTs, on networks that may offer lower network fees and faster transaction
times.
But more networks can mean more work for the user. Having to keep track of token
balances split across multiple networks and manually switch between networks to
access dapps and crypto experiences makes for a prohibitively complex user
experience.
Coinbase Wallet is making it easier than ever to enjoy the benefits of these
networks without the hassle or headache. In both the mobile app and desktop
browser extension, Coinbase Wallet will now show your token balances across all
supported networks in one simple, unified view. In addition to assets held on
the Ethereum mainnet, Wallet will display tokens on the Arbitrum, Avalanche,
Binance Smart Chain, Fantom, Optimism, Polygon, and xdai networks.
https://medium.com/media/18056da9c1aa0f01a471b368c967a468/href
To round out our scaling updates for 2021, we have also added support for
EIP-3085, which allows dapps to suggest a specific network to the user. When a
dapp wants to suggest a network that differs from the user’s current network,
Coinbase Wallet will ask the user to confirm the switch. This removes the
guesswork of picking the right network and cuts down the number of steps it
takes to change between networks — with just one tap on mobile or one click on
desktop, your wallet will be ready to go.
DIRECT ACCESS TO DECENTRALIZED EXCHANGES
At the beginning of 2021, we introduced support for Coinbase Wallet mobile users
to trade on decentralized exchanges right from their Wallet home screen. Powered
by APIs with Uniswap and 0x, Wallet users suddenly could trade over 4,000 tokens
right from the comfort of their Coinbase Wallet app.
In November, we launched our standalone browser extension for Coinbase Wallet,
making it easy for users to engage with dapps, earn interest with DeFi, and
collect NFTs from their computer. The latest update to Wallet extension brings
the native DEX trading functionality that Wallet mobile users have enjoyed on
their phones into the Wallet extension.
With Wallet extension’s built-in price charts and the new ‘Convert’ button,
users can stay up to date on what’s happening in the crypto markets and execute
trades with just a few clicks.
LOOKS RARE
We are excited to announce that your NFT collection is coming to Coinbase
Wallet’s browser extension. Soon, users will be able to view their NFT
collection from within the Coinbase Wallet extension, easily see their NFTs’
attributes, and easily access popular NFT marketplaces like OpenSea.
We will be launching support for NFTs in the browser extension in just a few
days, so make sure you have the latest version of the browser extension
installed from the Chrome webstore.
UNLOCKING THE WORLD OF CRYPTO IN 2022
This year has been filled with major milestones for Coinbase Wallet, but it is
truly just the beginning. We want to empower everyone to use dapps and web3 by
building the easiest-to-use and most accessible self-custody wallet in the
ecosystem, with a major focus on lowering the barriers to entry for
self-custody.
We have ambitious plans for Wallet next year, including making our native DEX
trading feature more accessible and affordable and leveling up the experience of
buying, selling, and collecting NFTs. And just last week, we announced that
Wallet will support hardware wallets in early 2022, a major enhancement that
will introduce new levels of security and choice to Wallet’s users.
Experience the latest enhancements for yourself by downloading Coinbase Wallet
for free from the App Store on iOS, Google Play on Android, or the Chrome web
store. Make sure to follow us on Twitter @CoinbaseWallet for the latest
Wallet-related news.
--------------------------------------------------------------------------------
Making web3 and the world of crypto more user-friendly and accessible was
originally published in The Coinbase Blog on Medium, where people are continuing
the conversation by highlighting and responding to this story.
Source:
https://blog.coinbase.com/making-web3-and-the-world-of-crypto-more-user-friendly-and-accessible-7ceda4b844d3?source=rss—-c114225aeaf7—4
Time Stamp: December 14, 2021
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MORE FROM COINBASE
NEARLY ONE YEAR IN: LEADING THE HERD AT COINBASE
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Source Node: 1119082
Time Stamp: Dec 22, 2021
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RANSOMWARE IS A SCOURGE, BUT ELIMINATING CRYPTOCURRENCIES WON’T MAKE IT GO AWAY
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Assistive technology and browser compatibility
We aim to support as many browsers and assistive technologies as possible, so
our users can choose the best fitting tools for them, with as few limitations as
possible. Therefore, we have worked very hard to be able to support all major
systems that comprise over 95% of the user market share, including Google
Chrome, Mozilla Firefox, Apple Safari, Opera and Microsoft Edge, JAWS, and NVDA
(screen readers), both for Windows and MAC users.
Notes, comments, and feedback
Despite our very best efforts to allow anybody to adjust the website to their
needs, there may still be pages or sections that are not fully accessible, are
in the process of becoming accessible, or are lacking an adequate technological
solution to make them accessible. Still, we are continually improving our
accessibility, adding, updating, improving its options and features, and
developing and adopting new technologies. All this is meant to reach the optimal
level of accessibility following technological advancements. If you wish to
contact the website’s owner, please use the website's form
Hide Accessibility Interface? Please note: If you choose to hide the
accessibility interface, you won't be able to see it anymore, unless you clear
your browsing history and data. Are you sure that you wish to hide the
interface?
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