Coinbase is  a very reputed digital currency exchange platform. It is considered as one of the most prestigious platform. But recently, on 1st of June platform suddenly stopped trading operations. There were lots of gossips related to this blackout but there none of them are confirmed by any institution. But in new Blog post Coinbase revealed the reasons behind this widespread crypto trading blackout on the platform. 

The US backed crypto-exchange said that the main reason behind this is a 5x traffic surge in a span of four minutes, spurred by Bitcoin’s sudden rise in value, created an autoscaling issue that led to the saturation of web servers.

Here we're quoting the important stuff from the Coinbase post as it is :

“The traffic spike affected a number of our internal services increasing latency between services.

This led to process saturation of the web servers responsible for our API, where the number of incoming requests was greater than the number of listening processes, causing the requests to either be queued and timeout, or fail immediately. Our request error rate spiked to 50%, causing customers to experience errors when interacting with coinbase.com and our mobile apps.”

Coinbase has redeployed their Application User Interface (API) on 16:20 PDT to resume the crypto trading operations with heavy traffic. But the interface faced some technical issues which resulted to another two minute outstate.

Coinbase also cleared that they're working on the solutions for minimizing future outstages due to network congestion.

** BONUS KNOWLEDGE HUNT **

!! THANKS FOR READING AND SUPPORTING MY WORK !!