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Coinbase Wallet Simulates Outcome Of Dapp Transactions

Coinbase revealed an exciting announcement. It seems that from now on, the COinbase Wallet will simulate the outcome of your Dapp transactions before you hit the confirm button. Check out the news below.

Here’s the tweet shared by the crypto exchange.

In the same thread, Coinbase continued and said:

“By automatically simulating the code that would execute when you authorize a transaction on an EMV-compatible network, we provide you with an estimate of which assets will leave your wallet and any assets you’ll get back in return.”

According to the crypto exchange:

“Our goal is to give you a better understanding of how a dapp or smart contract will interact with your wallet, providing you with greater peace of mind and helping you avoid interactions with bad actors.”

Coinbase in the news

Skybridge Capital CEO Anthony Scaramucci says he expects other crypto exchange leaders will step up to fill the void left by the collapse of the troubled FTX.

In a new interview at the Bloomberg New Economy Forum in Singapore, Scaramucci says that while FTX founder Sam Bankman-Fried was once driving the conversation on potential crypto regulation, there have been other leaders who will now take over the discussion.

He named Coinbase CEO Brian Armstrong and Binance chief Changpeng Zhao (CZ) as likely candidates to do the right job.

“I’m hoping people like a Brian Armstrong, a CZ internationally, Brian in the United States or people like Brian will step into the vacuum and try to lead in that space and see if they can implore the regulators in the United States to provide more guidance.”

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