[2018-02-08] Crypto Exchange Giant Binance Will be Down for 12 Hours

[Krishniche]

Breaking … One of the largest crypto exchanges in the world just announced that it will be offline for the next 12 hours. Citing a server issue a company rep Tweeted about the incident and a message on the support page followed it up.

Read more : https://www.newsbtc.com/2018/02/08/crypto-exchange-giant-binance-will-12-hours/

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[BitHodler]

These things will always remain a sensitive spot with how exchanges have been subject to 'hacks' and inside thefts, and that shows if we look at how people respond to something seemingly so normal.

The only thing that I still don't seem to understand, is how that exchange has managed to grow so large, that it has become one of the largest exchanges in this industry. Not that long ago it didn't exist, and now it's almost the king.

People again start complaining directly where some even talk about how badly they want decentralized exchanges to take over, but come on, if you make use of a centralized exchange, accept that this can happen.

It's annoying in a super active market, I agree, but deal with it. There are a bunch of decentralized exchanges already, so there is no one forcing people to keep using the centralized exchanges.

[Kemarit]

Prior to the maintenance, Binance has suspended/unsuspended their registration and its one sign that they are being overloaded with customers all thorough out the world. So it make sense that a maintenance should be done because its one way to keep the system in check and healthy. As IT support, this is a big issue if they can't replicate the data. I'm also skeptics that it can be done in 12 hours, usually that sort of thing can be extended and I don't know if they have a way to test that everything is in order before opening their trading platform again.

@BitHodler - yeah, they grow so large that they Infrastructure can't really cope how big the crypto world suddenly becomes. I really do hope that no data is lost along the way because its gonna be a big issue on their end.

[okae]

...People again start complaining directly where some even talk about how badly they want decentralized exchanges to take over, but come on, if you make use of a centralized exchange, accept that this can happen...

Finally someone who use his brain , i must agree with you, obviously decentralized exchanges will have some others inconvenients, but people should not complain about things that could happen as an "accident", people should assume that there is few things that can't control, well if they can fix it fast then there is nothing to complain.

Anyway, decentralized exchanges is  the future at least IMHO and people should start to care about why there is not "good ones" out there.

[Krishniche]

In this decentralised market of cryptocurrency, centralised exchanges are still popular amongst many. A decentralised exchange such as etherdelta has been unsuccessful enough to gather the attention of key traders, and if an eminent exchange like this is unable to garner a positive response from the community, i wonder if there's any scope left for other newbies in this niche.

I completely understand the importance of decentralised exchanges in this market but in coming 5 to 7 years there is no scope for them I suppose.