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Coinbase responds to outage issues...

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@jrcornel
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After going down again for what seemed like the hundreth time so far this year, Coinbase vows to fix some things

Last week Coinbase went down again, due to server issues.

This was one of several recent outages at Coinbase any time the price saw some increased volatility and activity.

More on that can be seen here:

However, as the news of this (likely due to my blog post I am sure) started to circle around the interwebs and get back to Coinbase, they decided it was time to respond...

They put this out the other day on their blog...

(Source: https://blog.coinbase.com/incident-post-mortem-june-1-2020-1cff2e51fa64)

The cause?

A traffic spike of 5x in a very short amount of time which overloaded their servers.

Not quite as nefarious as Coinbase imposing a circuit breaker of sorts on their customers like some in the industry were starting to speculate.

Either way it hasn't been a good look for Coinbase, which is far and away the large US based crypto exchange.

However, it appears they have plans to remedy the situation going forward...

(Source: https://blog.coinbase.com/incident-post-mortem-june-1-2020-1cff2e51fa64)

Coinbase has a lot of damage to repair with the outages and with them possibly selling their analytics arm to the IRS, but at least they are acknowledging there is a problem.

And after all, they say admitting there's a problem is the first step in solving it...

Stay informed my friends.

-Doc

Posted Using LeoFinance