Coinbase has acquired the Iron Fish team to enhance privacy solutions within its Base layer-2 network. However, this deal does not include the Iron Fish blockchain or its native tokens. The project will continue to operate independently under the Iron Fish Foundation.
Privacy Tools Coming to the Base Network
Coinbase is set to integrate privacy-enhancing tools into the Base network, ensuring that transaction details remain secure. The company views privacy as a fundamental principle and remains committed to making advanced security tools easily accessible to all users. These developments aim to boost security and enhance the overall user experience on Base.
Developers will focus on building solutions that maintain privacy while fostering a more secure environment for both users and blockchain innovators. Coinbase’s long-term vision is to establish a robust privacy infrastructure within its ecosystem.
Iron Fish Maintains Independence
Despite the acquisition, Iron Fish will retain control over its blockchain and token ecosystem. The project will continue its mission under the Iron Fish Foundation, ensuring that governance and decision-making remain independent. Coinbase’s move is strictly focused on bringing the Iron Fish development team into its ranks, rather than acquiring the entire project.
Key figures such as Elena Nadolinski and Jason Spafford will now contribute to privacy enhancements on the Base network, while Nadolinski will continue leading efforts within the Iron Fish Foundation. This strategic collaboration could lead to a strong long-term partnership between Coinbase and Iron Fish.
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