{"id":137681,"date":"2024-09-22T15:00:05","date_gmt":"2024-09-22T12:00:05","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137681"},"modified":"2024-09-22T01:51:48","modified_gmt":"2024-09-21T22:51:48","slug":"coinbase-plans-cbbtc-launch-on-solanas-blockchain","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/coinbase-plans-cbbtc-launch-on-solanas-blockchain\/","title":{"rendered":"Coinbase Plans cbBTC Launch on Solana&#8217;s Blockchain"},"content":{"rendered":"<p>While cbBTC was recently introduced on Base and <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a><\/strong>, specific details on its rollout for <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/solana\/\">Solana<\/a> <\/strong>remain undisclosed.<\/p>\n<p>The cbBTC token is a wrapped Bitcoin option, designed to give users a way to provide liquidity in DeFi protocols or use it as collateral for other assets. The move comes after a competitor token, WBTC, changed ownership. Currently, cbBTC holds a market cap of around $137 million.<\/p>\n<p>Ahmed also highlighted Jump Crypto\u2019s efforts with the Firedancer validator client, calling it a key example of how institutions can enhance blockchain diversification. This client aims to improve Solana\u2019s network efficiency alongside the Agave validator.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/paypal-launches-stablecoin-on-solana-leaving-ethereum-behind\/\" title=\"PayPal Launches Stablecoin on Solana, Leaving Ethereum Behind\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/PayPal-8-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">PayPal Launches Stablecoin on Solana, Leaving Ethereum Behind<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>As for Firedancer, its prototype, Frankendancer, has recently gone live on Solana\u2019s mainnet, with the full version still undergoing testing.<\/p>\n<p>Heeger, a blockchain engineer involved with Firedancer, noted that while the client has been intermittently active for two months, it is not yet ready for widespread use.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase is preparing to launch its cbBTC token on the Solana blockchain, according to the company&#8217;s Singapore director, Hassan Ahmed, during the Solana Breakpoint 2024 event.<\/p>\n","protected":false},"author":3,"featured_media":34306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27,23],"tags":[72],"class_list":["post-137681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-blockchain","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase Plans cbBTC Launch on Solana&#039;s Blockchain<\/title>\n<meta name=\"description\" content=\"Coinbase is preparing to launch its cbBTC token on the Solana blockchain, according to the company&#039;s Singapore director, Hassan Ahmed...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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