By Bitcoinist - 1 tau ki muri - Wā Pānui: 3 meneti
Crypto Reacts: Binance Pauses BTC Withdrawals, Is CZ Lying?
It has been a heated start of the week for the crypto community. Crypto exchange Binance temporarily suspended withdrawals on the Bitcoin network. This happened the same day as Celsius halted all withdrawals, raising liquidity concerns. Naturally, many users started to worry about Binance rite te pai.
Whakakahoretanga: Ko te op-ed e whai ake nei e tohu ana i nga whakaaro o te kaituhi, a kaore pea i te whakaatu i nga whakaaro o BitcoinKo. BitcoinHe kaikorero mo te kaupapa auaha me te herekoretanga putea.He Tauwhitinga Kati
In the middle of Bitcoin’s 13% drop, the crypto exchange Binance announced they would be temporarily pausing BTC transactions on the Bitcoin network “due to a stuck transaction causing a backlog.” Withdrawals through other networks like Ethereum or BNB Chain were still available.
Hafu pic.twitter.com/9kywBEktLb
— dinshoo udit (@dinshoo12345) June 13, 2022
Ahakoa ko te Tumuaki o Changpeng Zhao i tumanako ka roa tenei mo te hawhe haora, ka roa te utu mo nga haora 3 ki te whakaoti i te take, na te mea i nui te wa ka puta mai nga whakaaro whakapae.
Panui Whai | Binance To Ban Litecoin Transactions With MimbleWimble Upgrade
Ka karangahia e te Hapori Crypto CZ
Ko nga wa he uaua. Ehara i te mea na te hekenga o nga utu i te wa o tenei maakete pea nanakia engari na te rewa o te terraUSD me nga korero Celsius. Kei te tino tupato te hapori crypto mo etahi atu mahi tinihanga.
Panui Whai | Ka Whakatiohia e te Paerewa Whakatarewa a Celsius nga tangohanga, ka piki ake nga awangawanga mo te moni
Anei etahi o nga whakaaro whakahiato i horahia:
UC-Berkeley’s Nicholas Weaver tweeted: “Binance halting withdraws (rather than trading) makes me wonder if they are either insolvent or just run out of liquidity and need to raid the cold storage. I wonder which case it could be?”
Kia maumahara kei te tino whakahe a Weaver ki te crypto me whakaaro e mea tia ia “pohe i roto i te auahi”. Heoi, ko etahi o nga kaiwhakamahi pro-crypto i korero he awangawanga rite.
He kaiwhakamahi pseudonym e haere ana na Fatman i runga i Twitter kitea CKaore i te marama te kupu a Z:
“Not sure why no one has mentioned this, but Bitcoin doesn’t work like that – it’s not like Ethereum where transactions require an iterative nonce – you can spend inputs even if a transaction from the same address is stuck in the mempool. Some additional clarity would be nice…
There are cases where this can happen if an exchange spends the entire hot wallet balance (one output to the user, the change amount back to themselves) – FTX does this sometimes – but I don’t think Binance does this, so it doesn’t make sense – unless they changed something. By the way, I’m just pointing out a detail in his wording that I found interesting. I do not think Binance is insolvent – nor do I think they will ever be insolvent…” And another user whakautu that even if they were right about that last bit, “an exchange being open and functioning smoothly in a crashing market is a kind of a “you had one job” thing.” Although Binance managed to resume BTC withdrawals, the timing of the inconvenience came out as unprofessional.Te Whakautu a CZ
I whakakorehia te ahi whakahiato i muri i te whakahokinga mai o te whakawhiti me te whakaputa a pou-tirotiro. The exchange explained that were “repairing several minor hardware failures on wallet consolidation nodes earlier today, which caused the earlier transactions that were pending to be broadcast to the network after the nodes were repaired.” “These pending consolidation transactions had a low gas fee, which resulted in the later withdrawal transactions – which were pointing to the pending consolidation UTXO – getting stuck and not able to be processed successfully. To fix it we had to change the logic to only take successful UTXO from consolidation transactions or successful withdrawal transactions. This fix will also prevent the same issue from happening again.” CEO CZ said that the exchange’s devs “will engineer a way to avoid this in the future”, and added that he was in transit to France when the incident happened. “Were you able to tell it was our “intern” team handling it? No, right?” Last week CZ said during the Consensus 2022 conference that Binance has “a very healthy war chest” and they are, in fact, “expanding hiring right now”, hoping to leverage the winter. This contrasts with other crypto firms that are slashing their staff. Bitcoin trading at around $23k in the daily chart | BTCUSD i runga i te TradingView.comKuputuhi taketake: Bitcoinko