Major Cryptocurrency Exchange Platform Accused of Spam-Attack on Bitcoin

Saturday, January 13, 2018
By Paul Martin

SputnikNews.com
13.01.2018

Bitcoin, which is the first international decentralized digital currency, works without a single administrator and central repository, while transactions between people are made directly without an intermediary.

A Twitter user @CivEkonom has accused largest cryptocurrency exchange platform Coinbase of spamming the blockchain system, thus making the pending period longer and commission higher.

The user noted that after the platform had stopped Bitcoin withdrawal, the volume of the mempool (total number of all transactions awaiting verification) began to decrease. However, the volume resumed its growth after the withdrawal had been launched again.

According to @CivEkonom, the platform conducted transactions separately instead of packing them together, thus making the pending period longer and commission higher.

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