BornToBeALegend
@itschrislegend
This week i built: Coinbase’s role in ensuring compliance, given its status as a public company.
As a publicly traded company, coinbase must follow strict rules to ensure transparency and trust, which influences how it manages its layer 2 blockchain, Base. Coinbase verifies user identities, monitors for illegal activities, and complies with privacy laws to keep Base safe and secure. It regularly report to Government agencies, offering transparency that builds trust with investors and regulators. Coinbase also guides developers on legal standards, works closely with regulators to explain Base's operations, and reassures investors by managing risks carefully. By setting a high compliance standard, Coinbase helps shape a safer blockchain industry overall.
https://link.medium.com/uT3BYNTcwOb
@kabir @seneca @base @statuette @jessepollak @saxenasaheb @wbnns 3 replies
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This week I build;
How to Bridge Tokens from ETH to Base.
To bridge tokens from Ethereum to Base (Coinbase's Layer 2 Blockchain) for faster, cheaper transactions, start by selecting a trusted bridge like Coinbase Bridge, Portal Bridge, or LayerZero. Connect a Web3 wallet (e.g, Meta mask, Coinbase wallet) to the bridge, then choose Ethereum as the "From" network and Base as the "To" network. Select the token (ETH, USDC, etc.) and enter the amount to bridge, ensuring you have enough ETH for transaction fees. Confirm the transfer and sign in your wallet to approve. After a few minutes, switch your wallet to the Base network to view and use your tokens.
https://link.medium.com/fL8SAwONIOb
@seneca @base @jessepollak @baseafrica @statuette @itsthankk 7 replies
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This week i build:
Beginners guideline on how to invest on Base Ecosystem;
Base, Coinbase's Layer 2 blockchain, improves Ethereum by enabling faster and cheaper transactions. To start investing, set up a compatible wallet (e.g., MetaMask), fund it with ETH, and bridge ETH to the Base network. Explore its ecosystem, which includes decentralized exchanges, DeFi platforms, and NFT marketplaces. Prioritize security with hardware wallets and two-factor authentication, and verify platform reputations. Keep an eye on risks like market volatility, smart contract vulnerabilities, and regulatory shifts. Start with small, diversified investments to learn and take advantage of Base’s lower fees and quicker transaction times.
check it out for more:
https://medium.com/@itschrislegend/this-week-i-built-2d34cf7789e4
@base @jessepollak @kabir @seneca @sir-damilare @statuette @saxenasaheb @baseafrica @baseunn @phantomexplorer @jgworld191 @waywardthug @lotacrypt 14 replies
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Builders DAO is a decentralized organization that allows people to collaboratively design and build projects—like homes, offices, or even virtual spaces—without a central authority. Using blockchain technology, Builders DAO ensures transparency and fairness, where all activities, votes, and transactions are recorded and can't be altered. Members propose projects, the community votes, and smart contracts automate execution, managing funds and progress.
What makes Builders DAO unique is its open participation anyone globally can join, vote, and contribute to projects. The model encourages community-driven construction, sustainable building, and global collaboration while reducing costs by cutting out intermediaries. Builders DAO has the potential to revolutionize how we approach construction, fostering more creative, transparent, and inclusive projects both in physical and digital spaces.
https://medium.com/@itschrislegend/builders-dao-928daaa09b34
@0xd @undefined @jgworld191 @itsthankk @phantomexplorer 4 replies
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