Nicolas Cary, the CEO of Blockchain.info, the most popular online Bitcoin wallet website, shared his excitement on twitter that Blockchain had almost passed 1.6 million users. Since his posting, the Blockchain website has reached and surpassed the 1.6 million mark and is continuing to make new records.
— Nic Cary (@niccary) May 11, 2014
Blockchain Passes the 1.6 Million User Mark
The reason for Blockchain’s wide success stems from how the website is run and what it has to offer its users. Blockchain allows people to store Bitcoins in an online Bitcoin wallet known as a ‘my wallet’ which allows users to make transactions around the world for free. The key factor about Blockchain is that users are the ones who have the full authority of their bitcoins. What this means is that Blockchain is unable to see transactions, user balance, or make payments.
Blockchain also boasts of a secure standard AES encryption to protect users’ wallets. The great thing about the encryption is that any communication between clients and Blockchain servers are encrypted. This signifies that Blockchain actually does not have access to users’ accounts.
The online Bitcoin wallet website also offers a variety of features that may appeal to a wide audience:
Free, No Fees
Two Factor Authentication
Secure Client Side Encryption
Live Updating Interface
Ability to make your own backups.
Import / Export Private keys.
SMS & Email Payment notifications
There was a time when the website experienced some technical difficulties. Late night on March 17, 2014 Blockchain website was not functional and all the services were down, due to a database glitch. Andreas Antonopoulos mentioned that this wasn’t due to any hack attack and that they were working around the clock to fix the problem. Blockchain team was fully able to resolve the issue by March 19th, when it announced that all services were back and the website’s problems were fixed. The amount of bitcoins in users wallets were not affected by the outage.
Bitcoin users flock to Blockchain because it is known as one of the most secure forms of online wallets. Therefore, it is understandable that the amount of users are only going to increase.
CoinReport congratulates Nicolas Cary and the Blockchain.info team on reaching this milestone.
Image via Blockchain.info