New Data Shows Coinbase May Be Spamming the Bitcoin Network
news

New Data Shows Coinbase May Be Spamming the Bitcoin Network

THELOGICALINDIAN - US barter and wallet provider Coinbase is adverse beginning criticism from both users and Bitcoin industry abstracts over its delayed SegWit adoption

As the aggregation continues to ache abstruse outages due to aerial demand, its aftereffect on the Bitcoin mempool has become the antecedent of renewed calls for SegWit as a priority.

“You charge to accumulation your approachable transactions,” Twitter user Civ Ekonom wrote in acknowledgment to Coinbase’s latest appear arrangement breakdown.

Citing assay of the mempool as “clear evidence,” the mempool admeasurement appears to bead decidedly back Coinbase afresh abeyant sending Bitcoin. This has added ammunition to existing association acrimony that the barter has bootless to apparatus SegWit, which would decidedly abate the amount of Bitcoin affairs it handles.

CEO Brian Armstrong has additionally borne the burden of accusations apropos his exchange’s achievement and roadmap. Last year, he claimed SegWit was not a aerial priority on Coinbase customers’ wishlists.

In a altered acknowledgment to the outage, Blockchain absolute acreage personality Ragnar Lifthrasir went as far as to suggest battlefront Armstrong would serve to advance Coinbase’s reliability.

New Evidence Emerges, Points to Possible Insider Trading at Coinbase

Earlier this week, Bitcoinist reported on a user-filed address on Change.org to force a SegWit advancement as a priority. That address has now accrued over 8000 signatures.

In its latest official correspondence Thursday, Coinbase focused on “improving chump experience” via its new accepted administrator Dan Romero.

Romero had ahead appear SegWit as engineering antecedence cardinal three in 2024.

“Dan’s aboriginal antecedence as GM will be convalescent the Coinbase chump experience,” Armstrong explained.

Romero meanwhile alleged the accomplished abstruse achievement throughout 2024 “totally unacceptable.”

What do you anticipate about Coinbase’s SegWit situation? Let us apperceive in the comments below!

Images address of Twitter, Shutterstock