@emiliemc I can personally attest to this.
I started as an intern at Coinbase and have incredible opportunities to grow. Now I lead a team that is making crypto systems 10x more performant.
We re-architected the payments flow for USDC on @Base, introducing real-time transaction streaming to optimize our send and receive latency.
- USDC receive latency on Base is down 90% from 20s to ~1s
- USDC send latency on Base is down 50% from 5.5s to ~2s
We’ve been hard at work scaling our @Solana infrastructure to be faster, more resilient, and more scalable.
We have upgraded our systems to:
→ Process transactions asynchronously, leading to a 5x improvement in block processing throughput.
→ Leverage bare metal machines for 4x improved RPC performance.
→ Be more resilient via improved failover, liquidity optimizations, and better operational controls.
These improvements enable faster, more reliable sends and receives, reinforcing our commitment to provide industry-leading performance and reliability for our users.
Our work doesn’t stop here. We are continuing to invest in our Solana infrastructure so we can meet demand as Solana scales into the future.
📢 Exciting news!
We're pleased to announce that Coinbase․com users can now send Bitcoin to Taproot addresses, creating access to more onchain destinations.
📢 Exciting news!
We're pleased to announce that Coinbase․com users can now send Bitcoin to Taproot addresses, creating access to more onchain destinations.
It's been one week since we've launched cbBTC!
Here's another demo - this time covering how to send/deposit cbBTC to Coinbase.
We're reading all of your feedback and you'll hear more from us soon.
It's the one year anniversary since we decided to support Lightning, and 4.5 months since it went live
Time for an update!
Lightning is now responsible for 6.8% of all BTC sends on @Coinbase. For reference, Eth L2s took about a year to reach this level (back in 2023). Onward⚡
cbBTC is onchain.
cbBTC is an ERC20 token that is backed 1:1 by Bitcoin (BTC) held by Coinbase.
This means millions of BTC holders can now securely access DeFi apps on @base and Ethereum ecosystems—with more chains coming soon.
Here’s what you need to know ↓
5 years ago, $10 LN sends were scary to me.
Today, @coinbase enables up to $10,000 LN sends, with ease and confidence.
Another step towards making #bitcoin and the Lightning Network more useful every day.
Impressed and proud of how fast the Coinbase team ships! ⚡