Introduced the Proxy Smart Contracts from Coinbase Custody

As reported by Coinbase Custody a new model for smart contract proxies has arrived, a bridge between on-chain contracts and the cold storage system. 

Smart contract proxies are a new solution designed to allow the coexistence of customer fund security and interaction with other organizations. The new section designed by Coinbase dedicated to guarding cryptocurrencies, specifies how compromises exist that are called "frictions" or frictions that characterize one's business. 

In this field, smart contract proxies will be very useful to eliminate these frictions and to use them without problems Ethereum technology. 

So this will be possible for Coinbase keep the wallets in a completely safe way, to hinder any external attacks and be able to use smart contracts to be able to interact with the App as well the Maker Governance and to be able to participate in events like the Edgeware lockdrop. 

Coinbase stated in a statement that: when you choose to integrate with a new network, you start by writing a personalized smart contract that allows you to wrap the various bees in their smart contract. In this way, they are all slightly different, as they contain different functionalities, but they also share some fundamental similarities. 

On the Coinbase blogfurthermore, you can see in detail how each smart contract proxy works for interaction with Edgeware and Maker Governance Lockdrop. 

According to Coinbase Custody, this customized solution can be applied by the platform to also offer different services to various customers. In fact, as he concludes in his report: moving the various customer funds into a specialized smart contract proxy allows him to sign specific transactions, while maintaining constant security for customers.