What does Coinbase wrapped staked ETH mean?

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What does Coinbase wrapped staked ETH mean?

• BLOCKCHAINX

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• Coinbase analyzes the competition of Ethereum in
  this 2022
• Build a token bridge Coinbase assesses the
  competition and the way forward for leading smart
  contract platform Ethereum (ETH), which has had a
  bumpy start to 2022.

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• In a detailed report , Coinbase head of
  institutional research David Duong says that
  Ethereum is at a critical juncture both with
  regards to its own attempts to implement ETH 2.0
  and facing pressure from other blockchain
  projects.
• As scalability challenges Build a cross chain
  development for Ethereum continue to grow, we
  believe traction for L1 layer-1 alternatives
  will depend primarily on how quickly we see ETH
  2.0 and L2 layer-2 solutions emerge.

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• Coinbase' s analysis concludes by saying that
  Ethereum's transition to proof-of-stake (PoS)
  will likely result in miners issuing and selling
  less ETH. However, this will not have any impact
  on the functionality of the blockchain. The
  report does not see any definitive winner for
  this year.
• Cross chain development bridge As the scalability
  of ETH improves, users may refrain from seeking
  faster and cheaper alternatives to Ethereum, for
  example.

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