Coinbase left CTO and creator Earn Balaji Srinivasan

About his departure from the largest US cryptocurrency company Coinbase said the chief technical director Balaji Srinivasan.

1/2 Really enjoyed my time at Coinbase @brian_armstrong . The Earn Integration has been close to $ 200M for the Coinbase Earn. Was also my privilege, launching USDC, & getting staking / voting going.

– Balaji S. Srinivasan (@balajis) May 4, 2019

“Earn integration was successful and we closed deals for $ 200 million for the Coinbase Earn service. I was also lucky to participate in adding new assets, launching USDC and working on staking and voting , ”he said, adding that he intends to rest before launching new initiatives.

Sources of The Block reported that the reason for the decision Srinivasana could be restrictions that did not allow him to realize his own vision of future products Coinbase.

Note that Srinivasan took the post of CTO after buying Coinbase of his startup Earn.com. Then the deal was valued at $ 120 million, which makes it the largest purchase by the Californian giant.

Earn.com appeared in October 2017 as a result of the rebranding of 21 Inc and the launch of the platform of the same name, which allows users in exchange for a bitcoin reward to perform various tasks, such as reading and answering emails.

Founded in 2013, the company initially specialized in bitcoin mining based on Intel technology. In 2015, she released 21 Bitcoin Computer, a developer device containing a mining chip, a data center, and a Linux-based operating system.

Before founding 21 Inc, Balaji Srinivasan participated in the creation of Counsyl, where in 2010 he received the Counsyl Wall Street Journal Innovation in the field of medicine, and three years later he entered the list of the most talented entrepreneurs under the age of 35 years at MIT. He was also the general partner of the venture firm Andreessen Horowitz.

At the moment, Coinbase Earn rewards users with cryptocurrencies for studying educational materials about digital assets and technologies based on them.

So, in partnership with the non-profit organization Stellar Development Foundation, the company will distribute 1 billion XLM tokens to authorized users who want to learn more about the Stellar protocol.

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