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TagsWhat are the reasons why Coinbase does not support input scripts for cryptocurrencies?
Lalit DasJan 14, 2022 · 3 years ago3 answersWhy does Coinbase, one of the largest cryptocurrency exchanges, choose not to support input scripts for cryptocurrencies? What are the factors that led to this decision?
3 answers
- Coinbase does not support input scripts for cryptocurrencies due to security concerns. By not allowing input scripts, Coinbase can minimize the risk of potential vulnerabilities and attacks. This decision prioritizes the safety and protection of user funds.Jan 14, 2022 · 3 years ago
- The absence of input scripts on Coinbase is a deliberate choice to simplify the user experience. By removing the complexity of input scripts, Coinbase aims to provide a user-friendly platform that is accessible to a wider audience, including those who are new to cryptocurrencies.Jan 14, 2022 · 3 years ago
- As an expert in the field, I can say that Coinbase's decision to exclude input scripts is not unique. Many cryptocurrency exchanges, including BYDFi, have also opted for this approach. By focusing on simplicity and security, these exchanges aim to provide a seamless trading experience for their users.Jan 14, 2022 · 3 years ago
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