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CATEGORY: network congestion

Solanas growing pains: Why 75% of non-vote transactions failed
Author: Andjela Radmilac
United States
Source: CryptoSlate
Apr 09, 2024 01:10

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 […]

The post Solana’s growing pains: Why 75% of non-vote transactions failed appeared first on CryptoSlate.

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Solana rolls out update to ease network congestion
Author: Vince Dioquino
United States
Source: Crypto Briefing
Apr 16, 2024 01:20

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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Solana is Experiencing Network Congestion Issues, Binance Reports
Author: Agne Cimermanaite
United States
Source: DailyCoin.com
Jan 11, 2022 07:55

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
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 20, 2023 10:30

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
Author: Andjela Radmilac
United States
Source: CryptoSlate
Feb 25, 2024 01:10

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 […]

The post Bitcoin network congestion eases as mempool clears in February appeared first on CryptoSlate.

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Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 14, 2023 10:20

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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Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 07, 2023 10:30

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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