Coinbase Makes ‘Record’ Transfers of BTC, ETH, and LTC to Cold Storage

Coinbase, one of the most used chryvocyclic exchanges, went around to Croatia, about $ 5 billion, "the largest record of biggest corruption in the record." The title was claimed. All 5% of this transfer, 8 percent all ETH, and 25% in the circulation LTC.

According to a blog post on December 19, Coinbase announced that he successfully made this largest croppedover transfer in history. According to the company, the transfer emphasizes the commitment to security-based security base:

"The safeguard of our most important responsibility is to take our customers to us. The gold quality of the security of the Kyivocracy insurance asset is, or" Cold "asset storage. In our cold storage system, our comfort in the cold storage system Base stocks 98% or more. "

Coinbase Upgrades Cold Storage Technology

The reason for the transfer is because Coinbase is moving to “fourth generation” systems. The “next generation” system uses a “highly controlled” key generation process and a “globally distributed” system for storing secret keys and approving transactions.

This cold storage system, according to the post, prevents the problem of lost keys, “misuse” by bad actors (including “insider threats”) while providing regular audits. The aim is to ensure security, while providing the best possible storage options for all asset classes:

Preparation for Roll-Out

Coinbase had been preparing “months before the actual move date,” which involved most of Coinbase’s staff. The move required a total of four days and was completed without issue.

The move marks another triumph for Coinbase amidst a spree of heavy-hitting features. Within the last month, Coinbase has introduced an OTC desk, added a dozen new ERC-20 tokens on Coinbase Pro, and integrated free PayPal withdrawals into its service.

In addition to these feats, Coinbase has announced that the transfer is “pushing the pace” of industry security. The blog closed with a job offer for those interested in challenging the crypto-exchange status quo.