Coinbase Cloud, a Web3 developer hub, has released a set of tools to let developers work with the Avalanche blockchain and smart contract platform.
The Web3 developer hub is operating an Avalanche (AVAX) public validator node as part of the new support features. Participants in the Avalanche network can use Coinbase Cloud to stake their AVAX tokens and allocate power for confirming transactions on the blockchain.
Compatibility with the Ethereum Virtual Machine (EVM) allows a network to gain from the Ethereum (ETH) network’s security. Tokens on EVM-compatible networks can also be effortlessly transferred across them.
The crypto exchange’s own Web3-enabled digital asset wallet, also has an AVAX connection. It will also give documentation to developers for deploying applications on the Avalanche network. Last week, Coinbase Wallet launched support for Solana (SOL).
It has been announced that for the platform Cloud users, the Query and Transact feature will be improved. This feature makes it easier for developers to locate, interact with, and examine the code that makes up the Avalanche network. Developers may configure who has access to the node infrastructure and deploy their nodes over four geographic areas and two cloud providers with little downtime, according to the company.
Coinbase cloud to offer developer tools suite
This is a Web3 developer support platform from the Coinbase cryptocurrency exchange, which debuted in October of last year.
Furthermore, Avalanche has begun rolling out support for the Bitcoin (BTC) network through the Avalanche Bridge, in addition to the Web3 developer’s latest additions to the AVAX ecosystem. In the second quarter of this year, full support is scheduled to be completed. BTC holders will be able to transfer their coins to the Avalanche network and participate in decentralized finance (DeFi) activities there as a result of this.
Kevin Sekniqi, co-founder and COO of Avalanche, summed up the BTC integration with Avalanche in a tweet on 23 March 2022.
This latest integration arrives as the Avalanche Summit takes place in Barcelona, Spain, where the Terra (LUNA) team revealed that its UST stablecoin is now trading on Avalanche, in addition to the exchange platform’s Wallet and Bitcoin interfaces. Through investments and new applications, all three developments this week are expected to add value to the Avalanche ecosystem over time. At the time of press, Avalanche was priced at $84.36 with a daily drop of 2.3%.