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CATEGORY: unconfirmed transactions

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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BRC20 Token Economy Thrives Amidst Crypto Downturn, Surging 53% in Five Days
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 12, 2023 10:30

BRC20 Token Economy Thrives Amidst Crypto Downturn, Surging 53% in Five Days

Despite the broader crypto-economy experiencing a downward trajectory, dropping 1.59% in the past 24 hours and hovering around $1.11 trillion, the BRC20 token economy has bucked this trend, expanding from $279 million to over $427 million within five days. Impervious to Market Slump, BRC20 Tokens Defy the Odds Built atop the Bitcoin blockchain, the recently [...]

The post BRC20 Token Economy Thrives Amidst Crypto Downturn, Surging 53% in Five Days 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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Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 04, 2023 10:35

Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases

Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge. However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45% and bringing the overall difficulty down to 48.01 trillion for the next two weeks. Bitcoin Difficulty [...]

The post Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases appeared first on Crypto Breaking News.

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