Coinbase’s chief executive Brian Armstrong launched a “on-chain scores” platform that is available for cryptocurrency wallets.
Onchainscore.xyz rates crypto wallets on a scale of 1-100 for their “onchain nativeness”. It also provides details about the wallets’ activity history, the token swaps and bridge transactions, and the total number transactions made on Ethereum (ETH), and Base, the layer-2 scaling software.
Armstrong also shared the results of his wallet. It scored a score of 83/100, and it was a 66 in “Talent Protocol Build Score.”
Onchainscore.xyz currently asks for Ox address but promises to have Ethereum Name Service and Basenames capabilities soon.
Armstrong claimed in May that base, a layer-2 scaling solution for crypto transactions with faster times and lower transaction fees is enabling a proliferation of use cases.
In Q1, Base developer activity increased by eight times. Base processed more than twice as many transactions in the past 30 days as Ethereum’s layer 1 network.
Base is now faster, cheaper and easier to use. We have reduced our charges by 80% with protocol upgrades and we are often charging less than $0.01.
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This article Coinbase CEO Brian Armstrong releases a ‘On Chain Score’ platform for crypto wallets first appeared on The ICD.
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