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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.
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.
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.
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.
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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