1 / 1 Relevant items tagged with #NetworkCongestion

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Solayer Secures $12 Million to Enhance Solana’s Restaking Capabilities

[Aug 29, 2024 4:30 AM] 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…

The Memecoin Frenzy Has Ignited a Scalability Arms Race

[Jun 9, 2024 4:26 AM] 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…

Ore wins Solana hackathon despite disrupting Solana’s network in April

[May 6, 2024 11:06 PM] A sudden rise in Ore mining transactions was one of the main culprits behind Solana’s April congestion issue where up to 70% of non-vote transactions were being rejected.

Ethereum, Bitcoin users reignite scalability debate as gas fees surge

[Nov 9, 2023 10:38 PM] Ethereum gas fees reportedly breached the $200-mark for certain high-priority transactions in the last 24 hours.

BIS Report Cites ‘Inherent Limitations’ of Cryptocurrencies; Questions Their Role in Global Economy

[Jul 13, 2023 8:00 AM] 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…

Bitcoin Transaction Backlog Shrinks, but Over 289,000 Still Await Confirmation

[May 20, 2023 1:30 PM] 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…

Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion

[May 14, 2023 9:30 AM] 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…

Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees

[May 7, 2023 10:30 AM] 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%…

Bitcoin Mempool Overwhelmed With 134,000 Unconfirmed Transactions Amid Price Volatility

[Apr 26, 2023 3:30 PM] Amidst the buzz surrounding bitcoin’s latest price surge, a significant number of transactions are currently clogging up the mempool. As of writing, 134,986 unconfirmed transactions await confirmation, and block times are lingering above the…

Arbitrum Registers Record Activity Over the Last 2 Weeks as Transactions per Day Count Surges

[Apr 6, 2023 8:30 AM] In the past 20 days, the Arbitrum blockchain has recorded a significant number of transactions coinciding with the recent ARB airdrop that occurred on March 23. About two weeks ago, on that day, the Arbitrum network recorded an all-time high of…

Bitcoin’s Average and Median-Sized Network Fees Rose 40% Higher in March

[Mar 31, 2023 2:30 PM] In March 2023, Bitcoin’s average and median-sized fees jumped more than 40% higher after rising 122% in 10 days during the first week of February. The fees have followed the Ordinal inscription trend as more than 662,000 inscriptions reside…