Coinbase Redoing Infrastructure to Prevent Outages During Peak Times
The exchange also said it's working to improve its customer service response time, another source of complaints.
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Also: Coinbase plans infrastructure updates to prevent outages during periods of volatility.
Coinbase has suffered multiple outages since March, often coinciding with volatile Bitcoin trading days. Coinbase appears to have a capacity problem. Users have pointed out for years that when Bitcoin and other crypto assets are especially volatile, the exchange sometimes goes offline without warning. These outages can prevent customers from buying or selling their crypto assets, and are generally viewed unfavorably by traders.Between March and November 2020, the exchange recorded nine different issues leading to various types of outages or connectivity problems, although direct customer....
“Attacks that we witnessed today were possible mainly because there is a centralized infrastructure which could have been targeted,” said Piotr Janiuk, CTO of Golem, which seeks to decentralize the internet using peer-to-peer technology. “The attack itself isn’t easy to carry out, but it is obvious that even the backbone infrastructure behind the Internet contains single points of failure which are prone to such malicious activity – even though the infrastructure may comprise multiple machines. As of today, the trend is to move towards distributed solutions and the main problem is the lack....
The high-speed smart contract platform has suffered full or partial outages at least seven separate times over the last twelve months. Network outages continue to be the Solana network’s biggest challenge, according to its co-founder Anatoly Yakovenko.Launched in 2020, the Solana network has suffered a number of network outages, which have come from a number of different congestion and spam events, according to Yakovenko. In a Sept. 2 interview with Real Vision co-founder Raoul Pal, Yakovenko said the network outages had been Solana’s “curse,” but said the outages have resulted because of....
Coinbase has suffered a number of outages during busy trading periods this year including most recently on Oct. 27.