News

Coinbase acquired a decentralized app browser and wallet Cipher Browser

On April 13 Coinbase announced that it had acquired Cipher Browser, a decentralized app browser and wallet for the Ethereum blockchain that it would be using to bolster its own similar product. Terms of the deal weren’t disclosed.

Coinbase operates a decentralized mobile browser of its own, called Toshi. Users could utilize Toshi as a wallet for Ethereum and also browse Ethereum apps and send secure messages just like they can on Cipher Browser.

Coinbase will combine the Toshi and Cipher Browser teams. Pete Kim, the creator of Cipher, will become the head of engineering at Toshi as the company looks to integrate certain features from Kim’s product into the Toshi browser. Kim will work with Sid Coelho-Prabhu, Coinbase’s product lead for Toshi.

Testnets will be one of the first of these new features coming to the browser. They will allow developers to test and experiment with their apps without having to use real cryptocurrency.