Coinbase has opened access to the Rosetta solution, designed for token listing and simplified integration of various blockchains.
Coinbase provided bitcoin exchanges and blockchain projects with a set of standard specifications and tools. The company believes that due to differences in software and the use of different APIs in numerous networks, the integration process without using Rosetta seems to be over time-consuming.
Rosetta standardizes the creation of block browsers, wallets, and decentralized applications. Instead of writing parsing for each supported blockchain, applications can use the Rosetta implementation to read on-chain data and create transactions. This minimizes code and simplifies maintenance.
Coinbase noted that the Rosetta interface facilitates compatibility with platforms that also use this solution. Thus, you can achieve a significant gain in time, as well as protect the funds of customers, ensuring compliance with security requirements.
“The goal of Rosetta is to standardize how to interact with blockchains, making it easy for anyone to build on top of a blockchain for a variety of different use cases.,” the company said.
Such projects as Filecoin, Celo, Near, Oasis, Coda, Ontology, Kadena, Handshake, Blockstack, and Sia already showed their interest in the framework. In the future, Coinbase plans to develop the ecosystem of Rosetta interfaces, expanding it, inter alia, to the Bitcoin and Ethereum blockchains.
“Rosetta is an exciting development in the cryptocurrency space that helps establish a standard API for integrating and building applications on blockchain networks. The cLabs team is excited to see applications use a common interface via Rosetta to build not only on Celo but on other blockchains as well, opening up the potential for new developers and businesses to join our growing industry,” said Celo co-founder Marek Olszewski in a statement.