Solanas growing pains: Why 75% of non-vote transactions failed

Solana recently encountered a significant challenge with an unprecedented number of transaction failures. On Apr. 5, the network saw over 75% of its transactions fail, highlighting a critical issue for a network that has rapidly become a key player in the DeFi space, handling massive trading volumes. This surge in failed transactions raised concerns about […]

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Solana rolls out update to ease network congestion

Solana's development team has rolled out an update to help ease the network's recent congestion issues.

The post Solana rolls out update to ease network congestion appeared first on Crypto Briefing.

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Ethereum Network's Gas Fees Skyrocket Amid Memecoin Frenzy

Ethereum's gas fees have hit a new multi-month high due to the growing memecoin frenzy. While this has brought in more revenue for the network, it has also caused congestion and difficulty in processing transactions. (Read More)

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Ethereum Losing Ground to Other Crypto in NFT Market Due to High Transaction Fees, Congestion – Altcoins Bitcoin News

JPMorgan has told its clients that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token (NFT) market due to sky-high transaction fees on the network. “It looks like, similar to defi apps, congestion and high gas fees has been inducing NFT applications to use other blockchains,” said JPMorgan. Ethereum […]

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Solana is Experiencing Network Congestion Issues, Binance Reports

Solana (SOL) network is experiencing withdrawal issues, as there was a significant increase in high compute transactions.

Continue reading Solana is Experiencing Network Congestion Issues, Binance Reports at DailyCoin.com.

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Bitcoin Transaction Backlog Shrinks, but Over 289,000 Still Await Confirmation

Although Bitcoin’s network transaction fees have decreased and a portion of the unconfirmed transfer backlog has diminished, the protocol still grapples with over 289,000 transactions awaiting confirmation. As of this writing, more than 218 blocks must be processed to fully alleviate this congestion. Bitcoin’s Lingering Transaction Backlog Data collected on May 20, 2023, at 1:35 [...]

The post Bitcoin Transaction Backlog Shrinks, but Over 289,000 Still Await Confirmation appeared first on Crypto Breaking News.

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Bitcoin network congestion eases as mempool clears in February

Bitcoin’s mempool is a holding area for transactions broadcast to the network but not yet included in a block. Analyzing the mempool provides insight into network congestion, transaction demand, and fee trends, offering a unique vantage point on the state of the Bitcoin ecosystem. During the final months of 2023 and the early weeks of […]

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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 [...]

The post Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion appeared first on Crypto Breaking News.

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A ‘Tremendous Variety of Possible Transaction Types’ — A Look at the Conversation Between Nakamoto and Andresen

The Bitcoin mempool, otherwise known as the network’s transaction backlog, is still clogged with over 390,000 transactions waiting to be processed by miners. To clear the mempool, more than 190 blocks need to be mined. As the scaling issues continue to plague the network, a conversation between former Bitcoin developer Gavin Andresen and the network’s

The post A ‘Tremendous Variety of Possible Transaction Types’ — A Look at the Conversation Between Nakamoto and Andresen appeared first on BTC Ethereum Crypto Currency Blog.

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Binance Announces Lightning Network Withdrawal Implementation Amidst Bitcoin Network Congestion Issues

Binance has announced its intention of implementing Lightning Network, a layer 2 Bitcoin scaling protocol, on its platform after experiencing an episode of congestion regarding withdrawals on the Bitcoin network. The exchange had to pause bitcoin withdrawals twice due to a large backlog of operations stuck as a consequence of high transaction fees. Binance Announces

The post Binance Announces Lightning Network Withdrawal Implementation Amidst Bitcoin Network Congestion Issues appeared first on BTC Ethereum Crypto Currency Blog.

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Solana price prediction as Bitcoin, Ethereum congestion intensifies

Solana (SOL/USD) price retreated to the lowest point since April 27th as concerns about Bitcoin and Ethereum congestion continued. The coin plunged to a low of $21, which was much lower than the year-to-date high of $27.13. Bitcoin and Ethereum congestion The biggest cryptocurrency news story on Monday was that congestion among Bitcoin and Ethereum …

<p>The post Solana price prediction as Bitcoin, Ethereum congestion intensifies first appeared on CCNC | Cryptocurrency Newscast.</p>

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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 [...]

The post Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees appeared first on Crypto Breaking News.

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Ethereum Validator Activation Queue Grows: 90,000+ Validators Waiting in Line

Ethereum faces congestion for validators to enter and begin staking in the protocol. According to data from Wenmerge, an information dashboard, more than 90,000 validators are waiting to provide protocol validation services on Ethereum. This means a validator entering the queue today must wait more than 46 days to be activated and begin its tasks. [...]

The post Ethereum Validator Activation Queue Grows: 90,000+ Validators Waiting in Line appeared first on Crypto Breaking News.

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