Coinbase CEO Admits There Could Be Bugs in Ethereum Hard fork, Celebrates Combined Value of ETH and ETC


Brian Armstrong, founder and CEO of Coinbase, admitted on Twitter last week there could still be bugs in the Ethereum DAO. This comes after various tweets encouraging the hard fork as a means of updating blockchain systems.

“My hope is to see hard forks as an elegant upgrade/voting mechanism, not something to be feared that results in multiple coins,” Armstrong wrote on the popular social media platform.

“Easy to forget how many voices there were in the bitcoin company spreading FUD about the danger of hard forks,” he tweeted. “Here is one more success case.”

He later tweeted: “Success! All seems to have gone well. Could still be bugs so far so good.”

Coinbase, based in San Francisco and founded in 2012, operates as well as Global Digital Asset Exchange (GDAX) since may 2016.

The digital asset exchange company operates exchanges in bitcoin, Ethereum and other digital assets with fiat currencies in 3 countries, and bitcoin transactions and storage in 190 countries worldwide. Venture capital firms have invested approximately $100 million in the space.

The company boasts more than users and has served not only Overstock, Dell, Expedia, Dish Network, Time Inc. and Wikipedia. The company rebranded itself as the Global Digital Asset Exchange (GDAX) and begin to offer ether, the value token of Ethereum, for trade on its professional trading exchange service.

As Global Digital Asset Exchange (GDAX) – Coinbase professional trading exchange service –  the company began to exchange ether, the native digital asset of Ethereum.


Read the full article written by Justin OConnell on CCN.LA

Read full article


Leave a Reply