It is not often we can take the time to educate people on some of the core Bitcoin terminologies, but some misconceptions need to be addressed sooner rather than later. The recent issues affecting the Blockchain.info wallet and website are causing many people to believe there is something wrong with the Bitcoin blockchain, although they are two different matters entirely.
Blockchain.info is Not The Bitcoin Blockchain
Albeit the name Blockchain.info is aptly chosen to draw in a lot of novice users to the Bitcoin ecosystem, it has also been the source of great confusion for quite some time now. Many users associated Blockchain.info with the Bitcoin blockchain, as it is their go-to source to check on transactions and wallet addresses, even though there are other options available.
In recent months, Blockchain.info has been facing a fair few outages, ranging from a few minutes to an entire day or even longer. Users who have installed the Blockchain.info wallet on any of their devices are greeted with error messages saying how there is an issue with the service. For some people this automatically means the entire Bitcoin blockchain is no longer operational.
Even though Blockchain.info can be used to monitor blockchain activity, it is important to make the necessary distinction between the two. Blockchain.info is a platform that serves as a visual representation of the Bitcoin blockchain. As such, a platform – or website in this case – can suffer from technical malfunctions and experience downtime.
Whenever this downtime occurs, it has nothing to do with the Bitcoin blockchain itself. There is no central point of failure as far as the Bitcoin blockchain is concerned, whereas Blockchain.info is relying on centralized servers that can result in unexpected downtime. While the issues with Blockchain.info have gotten progressively worse, the Bitcoin blockchain has been trucking along nicely without any interruptions.
Last but not least, people have to stop using the terminology of “owning a blockchain wallet”. There is no such thing as a blockchain wallet because every Bitcoin wallet exists on the blockchain itself. What most of these people want to express is how they own a Blockhain.info wallet, which is a completely different matter.
Time For Blockchain.info To Step Up Their Game
One thing that will need to be addressed as well is the increase in downtime of blockchain.info, as not only does this reflect badly on the Bitcoin ecosystem as a whole, but it’s also causing a ton of frustration among its user base. There is no point in using a Bitcoin wallet that is inaccessible from either mobile or desktop devices on a regular basis.
No one is forcing Bitcoin community members to use the Blockchain.info wallet by any means, yet it remains one of the most favorable solutions for mobile device owners. Alternatives such as Mycelium and Breadwallet are worth exploring, as they are not suffering from any of these downtime periods so far.
Source: News Tip Via Email
Images courtesy of Blockchain.info, Shutterstock