Wow, Much Support
Users of Coinbase Wallet, an Ethereum-powered crypto wallet, can now securely store DOGE digital tokens. According to the announcement, the app will roll out support for Dogecoin to all its iOS and Android users over the next week.
Coinbase’s Siddharth Coelho-Prabhu stated in the blog post that the exchange aims to transform Coinbase Wallet into the world’s top user-custodial crypto wallet. The blog post reads in part:
“Coinbase Wallet already supports Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, XRP, Stellar Lumens, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum. Adding support for DOGE is an important next step toward our goal.”
It’s important here to highlight the difference between Coinbase.com and Coinbase Wallet.
While Coinbase.com – the exchange – allows users to buy, sell, and store several cryptocurrencies, Coinbase Wallet, on the other hand, currently supports a fewer number of digital tokens.
Further, with Coinbase.com, users’ crypto assets and private keys are stored with the exchange itself. The Coinbase Wallet app gives users complete control over their crypto holdings by safeguarding their assets with a private key only known to them.
The wallet also introduced support for the DOGE Testnet. According to the announcement, developers and power users can seamlessly switch to the testnet from the Advanced Settings section of the Settings tab.
The Coinbase Wallet is mulling introducing support for other popular cryptocurrencies too, the blog post noted.
Dogecoin’s Creator on a Social Hiatus
Dogecoin, the cryptocurrency that has often piqued the interest of eccentric entrepreneur Elon Musk is missing its creator on social media.
The digital currency’s creator, Jackson Palmer recently took his Twitter and YouTube accounts private which has been a reason enough to stir speculation within the community.
Per a report by Trustnodes, Palmer quit social media after he got fed up of being impersonated by fraudsters on instant messaging apps like Telegram and Whatsapp. These conmen would often contact innocent people and ask them to pay for Palmer’s “promoted” crypto and blockchain-related educational videos.