Coinbase hires former Amazon Web Services architect to head staking project

05 Mar, 2019
by David Borman
Coinbase hires former Amazon Web Services architect to head staking project

It is being reported by The Block that Coinbase has hired former principal solutions architect at Amazon Web Services, Luke Youngblood, to head the development of products "tied to staking and governance."

Staking and governance products are designed to "provide Coinbase Custody clients with the ability to interact seamlessly with crypto-networks while maintaining the upmost security of their assets in Custody."

In essence, staking is seen as a "Mining 2.0" strategy that looks to find ways to secure blockchain networks while reducing computational costs and enhancing security. It is then no surprise that Coinbase would be interested in bringing such solutions to its platform.

As for Luke Youngblood, the Coinbase memo lays out his credentials well:

"Luke is the founder and CEO of Blockscale, an early pioneer of blockchain and crypto technologies. In 2018, he helped launch the Tezos network by creating the staking infrastructure for the Tezos Foundation, becoming the largest decentralized proof of stake validator in the world overnight."

In light of some of the controversial additions Coinbase has made to its team lately, this seems like a choice that shouldn't ruffle any feathers. Still, stick here with Chepicap for all updates on Coinbase's hiring decisions!

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Read more about: Coinbase Amazon

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