Blockchain expert Charles Hoskinson, founder of Cardano, has expressed interest in partnering with Kraken, a prominent U.S. cryptocurrency exchange, to develop a cutting-edge Layer-2 (L2) blockchain network. This collaboration would align with the industry trend of major players in the cryptocurrency space expanding into blockchain technology development. Kraken is actively searching for a blockchain partner to build its own L2 network, with notable contenders such as Polygon and Matter Labs being considered. The selection process is ongoing, leaving the potential partnership with Cardano uncertain. The move by Kraken to launch its own L2 network aims to not only generate additional revenue streams but also solidify its position in the evolving digital currency landscape. This development comes after Coinbase’s successful launch of its L2 network, Base, built on the OP Stack in collaboration with Optimism. Base has become the 10th most popular chain by total value locked, surpassing $300 million. Coinbase’s open-sourcing of Base’s code demonstrates its commitment to transparency and community collaboration, fostering innovation and growth within the Ethereum Layer 2 network. Charles Hoskinson remains optimistic about assisting Kraken in charting a similar path to success if chosen for this historic endeavor. The growing interest in Layer-2 networks among major cryptocurrency entities highlights the industry’s dedication to embracing the transformative potential of blockchain technology. The outcome of the potential collaboration between Cardano and Kraken is eagerly awaited by the cryptocurrency community.

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Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	1
People	Charles Hoskinson
Companies	Coinbase, Matter Labs, Cardano, Kraken, Polygon
Currencies	cardano (ada), ethereum (eth)
Securities	None