What is the network used by Coinbase for USDC transactions?

Barry LynchApr 14, 2022 · 3 years ago3 answers

Can you tell me which network Coinbase uses for USDC transactions? I'm curious about the underlying technology and how it ensures the security and efficiency of the transactions.

Coinbase

USDC

Transactions

3 answers

Apr 14, 2022 · 3 years ago
Coinbase uses the Ethereum blockchain for USDC transactions. USDC, which stands for USD Coin, is an ERC-20 token built on the Ethereum network. This means that all USDC transactions are recorded on the Ethereum blockchain, providing transparency and immutability to the transactions. The use of Ethereum also allows for fast and secure transactions, as the Ethereum network has a robust infrastructure and a large number of nodes that validate and confirm transactions.
Apr 14, 2022 · 3 years ago
When it comes to USDC transactions, Coinbase relies on the Ethereum network. By leveraging the power of Ethereum's blockchain technology, Coinbase ensures that USDC transactions are secure, transparent, and efficient. The Ethereum network, known for its smart contract capabilities, provides a reliable and decentralized platform for USDC transactions, allowing users to send and receive USDC tokens with ease.
Apr 14, 2022 · 3 years ago
USDC transactions on Coinbase are facilitated through the Ethereum network. Ethereum, being one of the most popular and widely adopted blockchain networks, offers a reliable and efficient infrastructure for USDC transactions. By utilizing Ethereum's blockchain, Coinbase ensures the integrity and security of USDC transactions, providing users with a seamless and trustworthy experience.