Coinbase Crypto Exchange Launches the Single Sign On (SSO) via Consensus

Coinbase exchange sets the standards in cryptocurrency exchange industry as well as having prestige that most exchanges honestly lack.

This comes from the company’s will to have the best infrastructure and marketing ideas to outcompete other exchanges. Well, that is what the company showed once again on Thursday with the Single Sign On (SSO) via Consensus mechanism.

In a blog post on Coinbase blog by Kareem Moussa, the Infrastructure team at Coinbase developed the Single Sign On to make it easy and safe for engineers to elevate their own permissions temporarily to perform complex infrastructure changes. Changes on the Coinbase platform are consensual over a quorum of engineers that must follow set mechanisms that implement the consensus.

These engineers are requires to vote and approve the permission, code and configuration changes a user may be willing to implement. The consensus mechanisms allow for clear guidelines and auditable trails of any changes made to the Coinbase system. Furthermore, the security of the user’s funds is enhanced due to the consensus and audit trails.

The company has seen a huge growth in the number of employees in 2018, from 200 to over 600 employees. The company has resulted to automation of the manual provision of accounts as they plan to expand further in future. The past few months have been excellent for Coinbase, from offering egg freezing benefits to their employees, announcing that they will be adding hundreds of cryptocurrencies on the site and now the SSO.

The Single Sign On is an identity provider that is expected to protect the changes made to the code, permissions or configurations through a consensus to change current system of manually provisioning accounts. The automated system will work on having the highest security standards.

To ensure that these standards of the identity provider are met, the system employs a combination of SAML, LDAP, and consensus.

About SAML

The consensus is enabled through the Security Assertion Markup Language (SAML) that doubles up as the defector enterprise SSO protocol. Coinbase philosophy is to partner with GitHub and Amazon Web Services (AWS) to provide production services for its protocol. SAML is used to send cryptographically signed permissions, to these production services which are in turn used to authorize users on Coinbase platform.

About LDAP

Using the SAML identity providers which automates the service provisions requires the LDAP directory service. The service is used to represent organizations structure that secures the native authentication mechanisms for users.

The consensus uses the SAML identity provider to automated services for the engineers changing from the manual provisions. This will enable the Coinbase to build one of the most secure and efficient platform to switch up the cryptocurrency industry.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide