Specifically, the exchange platform from San Francisco, in its latest strategic purchasing initiative, has bought Bison Trails – a fully managed blockchain infrastructure provider – which will reportedly offer a “foundational element” throughout its diversifying ecosystem of products.
“By joining forces, we aim to bring the advanced technology that the Bison Trails team has developed — and continues to develop — to more projects and more companies around the world.” Coinbase reportedly remarked regarding the development.
Bison Trails will reportedly remain normally operational as a standalone product, per Coinbase.
Established 2 years ago (2018), Bison Trails has since managed to garner reputation to its name throughout the blockchain sphere. In November 2020, Bison Trails reportedly rolled out its QT protocol, giving developers the ability to design on Facebook’s Libra forthcoming Libra blockchain.
The firm additionally takes the leading role in working on techs that look to tackle what is referred to slashing penalties, related to double signing messages, which is deemed to be among the most major risks of blockchain participation.
Joe Lallouz, Head of Bison Trails, reportedly claimed that he and co-founder Aaron Henshaw made the official revelation of their firms to the public in March last year. At the time, Bison Trails was marketed as the first “infrastructure as a service company designed for next-generation blockchain networks.”