CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • Fund
  • Buy
  • Language
    • Español
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • Español
  • bitcoin
    BTC$37,435.00
  • ethereum
    ETH$1,216.90
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    Home » Crypto News » Coinbase Explains The Reason For The Outage When Bitcoin Surpassed $10,000 Last Week

    Coinbase Explains The Reason For The Outage When Bitcoin Surpassed $10,000 Last Week

    Author: Jordan Lyanchev

    Last Updated Jun 24, 2020 @ 12:39

    The most widely used US-based cryptocurrency exchange Coinbase went down during Bitcoin’s latest surge above the $10,000 mark. After a few days of discontent from the community, the company recently published a statement claiming that the unusually high traffic prompted technical difficulties.

    Traffic Brings Down Coinbase

    As CryptoPotato reported recently, the US-based exchange went offline for nearly an hour when Bitcoin conquered the coveted $10k level. Unfortunately for Coinbase, this was another example in which the platform was unable to serve its millions of customers during a time of severe volatility within the cryptocurrency market.

    According to the company’s explanation on what precisely transpired, the issue came from a “5x traffic spike” in about four minutes:

    “This 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 spike to 50%, causing customers to experience errors when interacting with coinbase.com and our mobile apps.”

    Although trading through the API remained functional in those hours, the sudden surge of traffic, viewed in the graph below, impacted not only the main website – coinbase.com – but also pro.coinbase.com and the mobile applications.

    Traffic Spike On Coinbase. Source: Coinbase
    Traffic Spike On Coinbase. Source: Coinbase

    To tackle the problem, Coinbase noted that it redeployed the API at 16:20 PDT (shortly after it began) to increase the machines serving the traffic. Upon its completion, “the previous deploy’s instances were taken out of rotation, leading to another two-minute outage due to instances saturating and being market unhealthy.”

    Future Improvements And Solutions

    The exchange, which suffered a few publicity setbacks as of late, plans to employ “a number of improvements” to avoid such incidents in the future.

    The company has “fixed the health endpoint to ensure that saturated instances don’t get taken out of rotation,” and its working on reducing the impact of price-related traffic spikes through pre-scaling and caching.

    Other developments include improving the entire deployment process to mitigate some of the autoscaling issues.

    Enjoy reading? Please share:
    Facebook Twitter LinkedIn Telegram
    SPECIAL OFFER (Sponsored)
    Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

    You Might Also Like:

    • coinbase_card_cover
      Coinbase Launches A Crypto Debit Card With 1% Reward on Bitcoin Spendings
    • Coinbase_usdc
      Coinbase To Facilitate Bitcoin Payments For Select U.S. Passport Services
    • coinbase_bitcoin_cover
      After Square, Coinbase Will Now Fund Bitcoin Development With a New Grants Program
    Read more on: Bitcoin (BTC) Price Coinbase

    About The Author

    Jordan Lyanchev View more posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$37,435.00
  • ethereum
    ETH$1,216.90
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    ADVERTISEMENT
    binance
    Bitcoin Editorials
    Ethereum 2.0 Staking on Exchange vs. Creating Your Node: What You Need to Know

    Ethereum 2.0 Staking on Exchange vs. Creating Your Node: What You Need to Know

    5 Possible Reasons For Bitcoin’s Price Surge Over $30,000

    5 Possible Reasons For Bitcoin’s Price Surge Over $30,000

    2020 Year In Review: Bitcoin’s Journey From $3800 To Nearly $30K

    2020 Year In Review: Bitcoin’s Journey From $3800 To Nearly $30K

    6 Reasons For The Ongoing Bitcoin Bull-Run Beyond $20K

    6 Reasons For The Ongoing Bitcoin Bull-Run Beyond $20K

    Is Blockchain The Answer To COVID-19 Led Misinformation and Rumor Mongering?

    Is Blockchain The Answer To COVID-19 Led Misinformation and Rumor Mongering?

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!