News with the tag "Network congestion"

Are your Bitcoin transactions feeling slower than ever? You’re not alone. Recent reports indicate a significant slowdown in the Bitcoin network, with average Bitcoin confirmation times reaching an unprecedented 19 minutes. This alarming development, reported by Cointelegraph on X, has sparked concer...

Solayer has raised $12 million in a funding round led by Polychain Capital to advance its integrated restaking network on the Solana blockchain. The initiative aims to address Solana’s scalability and transaction inclusion challenges by leveraging a novel approach to staking and network bandwidth op...

Following a spell of TradFi breakthroughs, all-time highs, and intense optimism in the crypto industry, selling pressure across most major cryptocurrencies are slowly beginning to ease, with trading volumes submitting to more tenable growth levels. Amidst this growth, one category-defying group of t...

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 .

The decentralized finance (DeFi) platform Solana (SOL) finds itself grappling with significant network congestion as investor interest surges. The platform’s native token, SOL, has witnessed a remarkable rally to new highs, accompanied by the launch of meme coins on the network, which have garnered ...

Ethereum gas fees reportedly breached the $200-mark for certain high-priority transactions in the last 24 hours.

The Bank of International Settlements (BIS) has published a report on cryptocurrencies and explains that the technology has serious “flaws.” BIS researchers insist that permissionless blockchains have “inherent limitations” that lead to network congestion and high fees. BIS Report: ‘Crypto Has So Fa...

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...

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, 18...

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...