Coinbase is converting the selection of affirmation necessities we require for 4 property at the platform. We think this transformation to each support buyer enjoy and safety posture.
We modified the affirmation necessities for Bitcoin, Litecoin, Zcash, and Ethereum Vintage. The desk underneath presentations the adjustments:
The affirmation necessities for a number of of those currencies had been decided over a 12 months in the past. At the moment, we didn’t have a constant method that knowledgeable each and every forex’s requirement. This led to a state of affairs the place some property could have had a very conservative affirmation requirement, and a few property the place the affirmation requirement could have been too low.
On the subject of Bitcoin, Zcash, and Ethereum Vintage, we decided that it was once protected to cut back the affirmation requirement. This permits buyer deposits to be showed on Coinbase sooner than earlier than.
On the subject of Litecoin, we made up our minds to boost the affirmation requirement. This reduces the chance 51% assault on Litecoin will have an effect on Coinbase consumers.
Coinbase is repeatedly operating to make sure a excellent buyer enjoy whilst keeping up extraordinarily prime safety requirements. As such, we’re at all times on the lookout for tactics to make changes to our products and services in pursuit of either one of the ones objectives.
We now have printed a separate weblog put up on our engineering weblog that dives into higher element about how we view the safety of evidence of labor.