Ethereum gas fees reportedly breached the $200-mark for certain high-priority transactions in the last 24 hours.
Category: Network Congestion
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Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion
In the past week, the Bitcoin network has made progress in resolving its congestion issues. On May 7, 2023, the number of unconfirmed transactions reached an all-time high of over 500,000 transfers, causing a major backlog. However, as of today, that number has been reduced to 263,406. Currently, 184 blocks need to be cleared to […]Powered by WPeMatico
Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees
In just under two weeks, the number of unconfirmed transactions on the Bitcoin network has skyrocketed from 134,000 to over 390,000, causing a bottleneck in the mempool. This surge in unconfirmed transactions has resulted in a staggering 343% increase in transaction fees, which have risen from $1.99 per transaction on April 26 to a current […]Powered by WPeMatico
Bitcoin Mempool Overwhelmed With 134,000 Unconfirmed Transactions Amid Price Volatility
Amidst the buzz surrounding bitcoin’s latest price surge, a significant number of transactions are currently clogging up the mempool. As of writing, 134,986 unconfirmed transactions await confirmation, and block times are lingering above the usual ten-minute mark. Bitcoin Transactions Backlogged as Mempool Reaches Higher Levels On the morning of Wednesday, Bitcoin.com News brought to light […]Powered by WPeMatico
Arbitrum Registers Record Activity Over the Last 2 Weeks as Transactions per Day Count Surges
In the past 20 days, the Arbitrum blockchain has recorded a significant number of transactions coinciding with the recent ARB airdrop that occurred on March 23. About two weeks ago, on that day, the Arbitrum network recorded an all-time high of 2.72 million transactions settled in 24 hours. L2 Network Arbitrum Records 2.72 Million Transactions […]Powered by WPeMatico
Bitcoin’s Average and Median-Sized Network Fees Rose 40% Higher in March
In March 2023, Bitcoin’s average and median-sized fees jumped more than 40% higher after rising 122% in 10 days during the first week of February. The fees have followed the Ordinal inscription trend as more than 662,000 inscriptions reside on the Bitcoin blockchain, and 150 bitcoin worth $4.2 million have been added to fees. Bitcoin […]Powered by WPeMatico
Bitcoin Cash 2-Year Anniversary: Celebrating Protocol Development and Achievements
Today Bitcoin Cash (BCH) fans from all around the world will be celebrating the 2-year anniversary of the BCH network. The day is a great occasion to commemorate the dedicated BCH software engineers and the passionate community, alongside the number of achievements accomplished since August 1, 2017. Also Read: Btc.top CEO Highlights the Benefits and […]
The post Bitcoin Cash 2-Year Anniversary: Celebrating Protocol Development and Achievements appeared first on Bitcoin News.
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South African Payment Gateway Drops BTC Over Fees and Network Congestion
On July 12, South African payment gateway service Payfast announced the company is dropping bitcoin core (BTC) payments due to network congestion and high fees. Payfast emphasized that BTC has a number of limitations and design flaws which makes it an “impractical substitute for cash.” Also read: G20 Leaders Issue Declaration on Crypto Assets – […]
The post South African Payment Gateway Drops BTC Over Fees and Network Congestion appeared first on Bitcoin News.
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Business Owner’s Seething Critique of the Lightning Network Goes Viral
A business owner who runs a media company in Australia and pays employees remotely in the Philippines has given his honest opinion on what it’s like to use the Lightning Network (LN). Jason Smith’s experience of attempting to use LN for payments was filled with frustration. He reports that the fundamental structure of the offchain […]
The post Business Owner’s Seething Critique of the Lightning Network Goes Viral appeared first on Bitcoin News.
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Network Congestion Doesn’t Hinder NEO Price Push to $16
When it comes to trading altcoins in 2018, there hasn’t been much to be genuinely excited about. In the case of NEO, things are not looking half-bad right now, albeit there is still a major deficit compared to the $150 price recorded earlier this year. The current momentum looks favorable, even though the network seems […]
The post Network Congestion Doesn’t Hinder NEO Price Push to $16 appeared first on NullTX.
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