Friday, June 08, 2018

Coinbase and the Blockchain Revolution

As we step over into the age of new technologies that has the power to revolutionize the very meaning of currency and fundamental aspects of society, it's evident that such transition will take time to absorb and fill into our lives at a mass scale.  Some notable authorized organizations being the
driving force today like Coinbase and Facebook helps bring in an air of assurance and credibility into this world, which is otherwise often torn apart regularly due to hacking and other mishaps.

The concept of Coinbase at being the most friendly user interface driven product appealed to the people so much that millions have subscribed to it over last few years. But with the growing volume of interest in BTC, XRP, ETH, XLM, LTC, ETC, BCH, EOS, TRX, ADA, XMR, and other cryptocurrencies, it's natural that delays in deposit, withdrawal, and transfer of the currencies will start to pile up and create frustration among users unless addressed regularly. Even with security features like Coinbase Vault, Trezor, Electrum, Robinhood and Exodus, the landscape is as good as it's processing time is, and speed is thus a prerequisite to be able to get into our daily lives as live currencies. The sudden variances in the volume of user hits due to rise and drop in market price of a cryptocurrency does not seem likely to calm down soon, and needs a strong infrastructure to support this craze.

The below will capture a snapshot of your experience and will get added to the consolidation summary of all users.



The summary of all the data that is being recorded is represented schematically below to get an overview of the nature of all user experiences.




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