1
Bitcoin Network reported a significant surge in its transactions recently.
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The number of pending transactions on the network has piled up to 470K.
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Earlier in May, the transaction fees of the network shot up to $29 due to congestion.
Bitcoin and the underlying blockchain technology have all the advantages and praises all around. Yet there are factors where the tech lags behind and results in inconvenience for the users. Recently, the biggest cryptocurrency blockchain network witnessed significant congestion, and hence, the transaction fees shot up.
According to the Memepool data, the Bitcoin (BTC) network is currently experiencing a backlog of mammoth-sized transactions. Around 470K BTC transactions have piled up pending and waiting for further approvals.
In a way, the number of pending transactions makes the current congestion the longest block fullness over the Bitcoin network.
However, the congestion also brings anothe
We współpracy z: https://www.thecoinrepublic.com/2023/09/22/bitcoin-network-block-piles-up-470k-transactions-fees-skyrockets/
