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What are the reasons why Coinbase does not support input scripts for cryptocurrencies?

Expedit AdonNov 29, 2023 · 2 years ago3 answers

Why 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

  • Sandesh RakhondeJun 15, 2020 · 5 years ago
    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.
  • Frisk LangeJan 20, 2023 · 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.
  • Allen OlsenApr 08, 2023 · 2 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.

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