As things stand for now, we won't be able to use this top indicator, which I wrote about in this article, anymore...
IMHO The big players came to their senses and decided to revoke this quality indicator for the small players!??
Coinbase will break apart certain parts of its Coinbase.com and app infrastructure in a bid to keep the cryptocurrency exchange from going down during periods of high volume.
During the recent bitcoin bull run, COINBASE has struggled to keep itself up during stretches of heavy volume, leading to snarky comments on Twitter and Reddit that it's only news when the exchange doesn't go down during peak periods. Given the exchange has filed preliminary documents for a public listing of the company's shares, fixing its infrastructure has undoubtedly taken on an even greater urgency.
According to an updated January outages, Coinbase said it will break its "monolithic" backend into "discrete ' parts in order to limit individual parts breaking and taking down the whole system.
"We are further decomposing our monolithic application server into separate discrete services. This will allow us to have different scaling profiles for different sections of our API surface that receive heterogeneous load,' the exchange said in the blog. "In addition, this will reduce the blast radius if we have issues in any one surface, as it will only affect the APls or functionality that it is responsible for.'
Coinbase specifically cited record breaking exchange volumes on Jan. 7 that were ''easily 6x what had already been an elevated steady-state request rate.''
The exchange said trading and buying was still available during this period, but other dependencies related to the function limited the apps functionality.
The exchange committed to hiring more team members, rolling out a chat feature with customer support along with being more vocal on major social media accounts.
Although my cynicism is emphasized throughout this story, I really hope they have become conscious and decided to provide their customers with what they deserve, because after all, they are the ones who created them. ??
