Can any coinbase employees comment on this? couldnt find anything on google. if not kn a blockchain, why not? edit: im new to the tech so maybe im getting mixed up with blockchain and a decentralized app. So for my question, is coinbase a decentralized app? TC: 240 #coinbase #blockchain #bitcoin
I think you’re either misinformed about what Coinbase does or what a blockchain is used for.
I’m fairly new to the technology. Maybe I’m mistaking blockchain with a decentralized app?
If you’re asking if Coinbase a decentralized exchange, no it is not. It’s a centralized crypto currency exchange + wallet manager + crypto “brokerage.” They are analogous to NYSE + Fidelity combined
I’m not a guru but that’s a dumb question.
You’re definitely not a guru. I mean cmon, you work at Verizon
Chill
I think their infra is on the cloud. But I hear they are trying to move to lower level services like fog, smog and smoke.
What happens if it rains?
There’s an umbrella service that gets triggered when it rains!
I think you might be misunderstanding what blockchain is. Blockchain is a "digital ledger" of sorts, that keeps track of transactions and tries to prevent double spending. This is necessary because there are no centralized authorities like banks that are tracking spending. Coinbase is an exchange for crypto currency, and doesn't have much to do with blockchain.
A blockchain is an append only log. It enforces the rules of what can be appended through different consensus protocols. It need not care about double spend or be decentralized
Uber is right. It's the Bitcoin protocol that ensures there is no double spend and pseudoanonymity. Not blockchain itself
Like all other centralized exchanges, all their infra should be running in aws or equivalent. Only deposit / withdraw and other wallet related features are on blockchains
Answer to your question: No. I’m a bit biased against the term “blockchain”. A lot of vaporware and jargon in that space. Just subscribe to Andreas Antonopolos on YouTube. Plenty of quality talks and deep dives there. https://www.youtube.com/user/aantonop
They are also working on decentralized exchange. Which will be built on Eithereum
None of the answers here is correct
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Thank you AAPL and NVDA
They’re the biggest user of BWS (Bitcoin Web Services) but some of their smaller stuff is using ECP (Ethereum Cloud Platform). Works pretty well for them.
😂
I actually googled that up lol