What were the reasons for the temporary disablement of Coinbase on July 31, 2017, and how did it impact the digital currency industry?

1 answers

• May 02, 2022 · 3 years ago
  As a third-party observer, the temporary disablement of Coinbase on July 31, 2017, was due to a combination of factors. The surge in trading volume and high traffic overwhelmed Coinbase's infrastructure, leading to performance issues and the decision to temporarily disable the platform. This incident had a significant impact on the digital currency industry, causing disruptions for Coinbase users and highlighting the need for robust and scalable infrastructure in cryptocurrency exchanges. It served as a wake-up call for the industry to invest in improving their systems to handle increasing demand and ensure a smooth user experience. Other exchanges also learned from this incident and implemented measures to avoid similar disruptions in the future.
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