Welcome to The Blockchain Report, your daily rundown for the latest in crypto. First up: the Coinbase Wallet now supports Ethereum Classic.
According to Cointrust, Coinbase is now offering support for Ethereum Classic on its Coinbase Wallet. After this addition, Coinbase will now support Ethereum, Ethereum Classic, and 1,000s of other ERC20 tokens made with Ethereum. The Coinbase Wallet platform will gradually update after a few days, after which point clients will be able to see their Ethereum Classic balance as well as receive and send Ethereum Classic from Coinbase.
In a blog post, Coinbase wrote: “As part of our mission to be the easiest and most trusted crypto wallet, we plan to add support for even more blockchains in the future.”
What’s incredibly useful is that the Ethereum Classic wallet address is the exact same as the Ethereum address. That means if somebody accidentally sent Ethereum Classic to their Ethereum address before, they’ll be able to use it after the upgrade is completed.
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