Coinbase-backed Base Acquires Iron Fish Team; Will it Strengthen Privacy Solutions on Base?

Quick Summary:

In a strategic move aimed at strengthening blockchain privacy solutions, Base, the Ethereum Layer-2 network incubated by Coinbase, announced on Thursday that it has acquired the core development team of Iron Fish, a proof-of-work (PoW) blockchain specializing in privacy-preserving transactions.

The acquisition aims at enhancing Base’s user privacy and security in the rapidly evolving decentralized finance (DeFi) and blockchain ecosystem.

While the financial terms of the acquisition remain undisclosed, the deal is primarily focused on the integration of Iron Fish’s team and technology into Base’s development framework.

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Article Details

Author / Journalist: Sneha Agrawal

Category: Crypto

Markets: IndiaCuba

Topics: Fish’s Blockchain Iron Transactions Acquisition Base Secure Solutions Privacy Fish Team

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-07 @ 10:24:46 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 636 words

Reading Time: 4 minutes read

Sentences: 53 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 26721037

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