If we were to name culprits slowing down Bitcoin mass adoption, Coinbase would make the top of the list. However, in a tweet yesterday, CEO Brian Armstrong finally confirmed batched transactions ‘should be coming out in a few months.’
CEO of Bitrefill Sergej Kotliar called out Coinbase CEO Brian Armstrong on May 31 for continued mismanagement of transaction infrastructure. After seven years of operations, Coinbase still consumes a large percentage of Mempool space and causes Bitcoin network congestion.
The community was reassured that Coinbase was working on transaction batching back in January 2018 and even thanking it for “bearing with us,” almost a year and a half later, the seven-year-old exchange has still failed to do so.
Finally replying to Kotliar’s tweet yesterday, the Coinbase CEO confirmed that “batch transactions should be coming out in a few months”. He also said that it was “embarrassing” how long it has taken: 'Turns out there is a lot of stuff to build in a growing company :)'
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