Coinbase’s CEO BRIAN ARMSTRONG is looking for a token list process overhaul, quoting the explosive growth of cryptocurrency and the limits of the conventional evaluation method.
His comments conducted in the social media post on January 26 are working on the unprecedented inflow of new tokens driven by blockchain innovation and the rise of platforms, so clicking on the button to technical knowledge. People can launch a new token without it.
Armstrong’s statement emphasizes the tension between rapid innovation in the cryptographic industry and the ability of existing systems that manages the rapid increase in activities. Analysts are paying attention to the rise of tools, such as tools and no -code blockchain solutions, has contributed to the rapid increase in digital assets.
Overwhelm the system
Armstrong has created about 1 million new tokens every week, overwhelming the current system, and has revealed that it depends on the concentrated approval process to evaluate each asset individually.
Coinbase CEO states:
“This is a high quality problem, but it can no longer be evaluated one by one.”
He proposed a shift to the block list system. This is assumed that the token can be accessed by default unless a flag is attached as harmful. This approach depends on the combination of user feedback and automated on -fin data scans to identify potential risks. Armstrong has argued that this system can make users more scalable.
He also urged regulatory authorities to adapt their frameworks, pointing out that the existing token approval process is not enough to meet the demands of the rapidly growing encryption landscape. 。 He called for a regulatory approach to respond to technical advances.
According to Armstrong:
“Regulatory authorities and the industry must be aware that the scale of the encryption innovation cannot be managed in an outdated system.”
He added that both the public and the private sector needed to cooperate in solutions that protect investors while promoting innovation.
Distribution and user experience
In addition to his comments on the token list, Armstrong has repeatedly supported coin -based plans to integrate distributed exchanges (DEX), further supporting the platform.
Coinbase aims to provide a seamless experience that eliminates the need to distinguish users by accessing both centralized (CEX) and distributed (DEX) transaction options.
Armstrong said:
“Our goal is to make distributed transactions easy and intuitive as intensive platforms, so that users can easily involve the ecosystem of the blockchain.”
Since the COINBASE market is one of the world’s largest encryption exchange, the approach may set a tone on how the industry will navigate these issues. Armstrong’s remarks also shows a platform commitment for transparency, decentralization, security, and user empowerment in the acceleration of blockchain development.
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