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PayPal Adds Crypto Transfers as Coinbase's Base Prepares Native Token

PayPal enhances its peer-to-peer service with cryptocurrency support, while Coinbase's Base layer-2 network plans a native token amid a 5% drop in Bitcoin mining profitability.

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Terms & Concepts
  • Peer-to-Peer (P2P) Service: A decentralized network model allowing direct transactions between users without intermediaries, often used for payments or crypto transfers.
  • Layer-2 Blockchain: A secondary framework built on top of a main blockchain to improve scalability, speed, and cost efficiency.
  • Bitcoin Mining Profitability: A measure of earnings from Bitcoin mining after subtracting operational costs like electricity and hardware expenses.