Kraken looking to ‘solve’ industry challenges amid layer-2 rumors

The rumors were sustained by reports mentioning anonymous sources and a job posting from Kraken highlighting that the organization is looking to employ a senior cryptography engineer who would be in charge of creating and executing cryptographic protocols and “layer-2 options. The exchange did not confirm that they are working on a layer-2 network that might possibly competing Base and other layer-2 players throughout the crypto area. Related: Will the next crypto bull run be controlled by L1s, L2s or something else?Earlier this year, Krakens rival Coinbase launched its own layer-2 option called the Base network.

The rumors were sustained by reports pointing out anonymous sources and a task publishing from Kraken highlighting that the company is looking to work with a senior cryptography engineer who would be in charge of designing and implementing cryptographic protocols and “layer-2 services. The exchange did not validate that they are working on a layer-2 network that could possibly rival Base and other layer-2 gamers across the crypto area. Related: Will the next crypto bull run be dominated by L1s, L2s or something else?Earlier this year, Krakens competitor Coinbase released its own layer-2 solution called the Base network.