Skip to content

Coinbase rolls out on-chain credential verification utilizing the Ethereum Attestation Service

Coinbase introduced a characteristic on Nov. 9 that permits customers to attest their account and nation credentials on-chain and entry extra advantages.

Coinbase’s assist pages point out that issued verifications are supposed to function a “trusted badge” that grants entry to on-chain apps and advantages. Coinbase stated that verification will initially present customers with a badge in Base’s Guild — the membership program for its second-layer community, Base — plus entry to a personal Discord channel.

Coinbase added that verification will quickly present entry to gasless (i.e., feeless) transactions, plus entry to different collaborating apps on the Base community. These upcoming apps embrace three DeFi platforms: Index Coop, Perennial, and Volmex.

Neighborhood information from Dune Analytics means that Coinbase has issued over 9,700 attestations to greater than 6,200 distinctive recipients since late October.

Coinbase explains participation necessities

The rest of the assistance web page gives extra particulars. It notes that verifications may be tied to any self-custodial Ethereum (EVM) pockets tackle however can’t be transferred to different addresses. A separate part notes that the verification may be related to as much as three addresses, together with MetaMask and Coinbase Pockets addresses.

Coinbase stated that testifying one’s nation of residence is non-obligatory however famous that getting access to sure apps could also be essential. It additionally assured customers that their data won’t be printed on-chain with out their consent.

To confirm an account on-chain, customers will need to have a Coinbase account that’s not topic to purchasing, promoting, and buying and selling restrictions, Coinbase stated.

Coinbase added that it in the end goals to permit third events to concern verifications utilizing the service and increase the methods by which customers may be verified.

Verifications are issued by way of the Ethereum Attestation Service (EAS), an Ethereum group undertaking additionally utilized by different tasks, together with Optimism.

continue reading