Fantom co-founder and Matt Sorg defends Solana amid network congestion

The Solana network, known for its high throughput and low transaction fees, has been grappling with congestion issues throughout the weekend, causing transaction failures and delays. Developers are working fervently to resolve these challenges and ensure a smoother user experience.

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What is blockchain network congestion?

Blockchian network congestion results in delayed transaction confirmations, increased costs and a slower user experience.

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Lost In Transaction: Bitcoin User Overpaid By $500,000 For A $200 Deal

In times of high congestion, Bitcoin users sending transactions on the network pay high fees to be included in the next block. These fees can reach hundreds of dollars depending on the transaction size, but a user might have broken the record.

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Bitcoin network faces severe congestion with over 550K unconfirmed transactions

Mempool data shows the Bitcoin network facing severe congestion, with more than 550K transactions awaiting confirmation. Further, transaction fees climbed to above 20 sat/Vb (satoshis per virtual byte).

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Best Layer 2 Chains: A Comprehensive Guide to Ethereum’s Top 11 Layer 2 Projects

What is a Layer 2 Chain? A Layer 2 chain refers to a secondary protocol that extends an underlying Layer 1 blockchain network like Ethereum to improve scalability. Layer 2 chains process transactions “off-chain” to reduce congestion on Layer 1.

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What Is Ethereum’s ‘Data Availability' Problem, and Why Does It Matter?

Separate “data availability” layers could reduce congestion on the Ethereum network by making it easier for ancillary “rollup” networks to verify that transactional details exist and are available to download if needed — without actually downloading them.

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Binance to implement Lightning Network nodes for enhanced Bitcoin transactions

Binance hopes to enable smooth BTC deposits and withdrawals while tackling network congestion issues.

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Rocket Pool's debut on zkSync means this for its users

The deployment would bring about a decline in liquid staking fees and congestion on the Ethereum network. Both RPL and zkSync Era’s TVL increased despite reduced market participation with theThe post Rocket Pool's debut on zkSync means this for its users appeared first on AMBCrypto.

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Bitcoin Ordinals boom triggers questions

Ordinals bring a new type of utility to the Bitcoin network that has resonated with users. However, Ordinals have courted controversy after they led to an increase in transaction costs and network congestion.

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Interview with Dfinity Researcher and ckBTC developer Manu Drijvers

The Bitcoin network faces a brand new crossroads. Congestion on the network caused by the popularity of the Ordinals protocol is pushing Bitcoin to its limit. Brave New Coin speaks with member of a team building a scalable, cross-chain but not bridged version of Bitcoin called Chain-Key Bitcoin (ckBTC).

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Interview with Dominic Williams, Chief Scientist & Founder of the DFINITY Foundation

The Bitcoin network faces a brand new crossroads. Congestion on the network caused by the popularity of the Ordinals protocol is pushing Bitcoin to its limit. Brave New Coin speaks with member of a team building a scalable, cross-chain but not bridged version of Bitcoin called Chain-Key Bitcoin (ckBTC).

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Are ZK-proofs the answer to Bitcoin’s Ordinal and BRC-20 problem?

Zero-knowledge proofs could be a viable means to address recent network congestion and high fees on the Bitcoin blockchain.

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Ethereum Foundation Sells $30 Million Worth Of ETH As Price Nearly Breaks $2k

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Bitcoin’s Surging Transaction Fees Viewed As “Direct Attack” By A Cross-Section Of The Community

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Bitcoin Cash (BCH) up 8%, Is This Growth Connected to Bitcoin?

Bitcoin's network congestion appears to be responsible for growth of Bitcoin Cash (BCH)

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Binance Lifts Bitcoin Withdrawal Suspension Again, Announces Fee Adjustments and Lightning Network Integration

Binance Resumes Bitcoin Withdrawals Following Second Brief Suspension; Adjusts Fees and Integrates Lightning Network In response to the Bitcoin network experiencing unprecedented congestion, Binance has once again lifted the temporary suspension on bitcoin (BTC) withdrawals.

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Binance to adopt Lightning Network to tackle this problem related to Bitcoin

Binance to tackle network congestion by integrating Lightning Network. Bitcoin's value continues to decline, prompting concerns as it enters a bearish trend. Over the past 48 hours, Binance The post Binance to adopt Lightning Network to tackle this problem related to Bitcoin appeared first on AMBCrypto.

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CryptoSlate wMarket Update: Bitcoin drops to $27k amid network congestion issues

Since the last market update, the cryptocurrency market cap saw net outflows of more than $30 billion and currently stands at $1. 16 trillion — down 2. 72% from $1. 19 trillion. Over the last 24 hours, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 3.

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Network gridlock: unraveling causes of crypto market downturn

The recent downturn in the crypto market, marked by bitcoin’s (BTC) descent below $28,000 and the depreciation of altcoins, is due to a blend of network congestion, increased transaction fees, and an ongoing consolidation phase. The congestion within the bitcoin…

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Why is the crypto market down today?

The crypto market cap was down 3. 2% in the past 24 hours to $1. 2 trillion as Binance halted BTC withdrawals. The exchange’s action followed massive network congestion for Bitcoin amid increase in fees as tokens with inscriptions and ordinals pumped.

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Binance Resumes Bitcoin Withdrawals after Second Temporary Pause in 24H

Coinspeaker Binance Resumes Bitcoin Withdrawals after Second Temporary Pause in 24H Despite the huge withdrawals and the network congestion, Binance had since resumed Bitcoin operations during the early Asian market on Monday.

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Binance Resumes Bitcoin Withdrawals After Second Pause, Says It's Adjusting Fees and Integrating Lightning Network

The second pause comes less than eight hours after its first pause as the crypto exchange grapples with unprecedented Bitcoin network congestion.

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Bitcoin Network Congestion Causes Binance to Pause Withdrawals

The world’s biggest crypto exchange has now resumed withdrawals, but problems continue to linger for the bitcoin protocol.

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Bitcoin miner profitability rises 2X in 7 weeks despite network congestion

On-chain data on May 7 shows that the profitability of bitcoin (BTC) miners is on the rise

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Binance re-opens bitcoin withdrawals after brief suspension, blames ‘severe network congestion’

Binance, the world's largest cryptocurrency exchange, has re-opened bitcoin (BTC) withdrawals after a 1-hour suspension

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Binance closes BTC withdrawals amid congestion on the Bitcoin network

Bitcoin mempool was clogged with over 400,000 transactions waiting to be processed on May 7.

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Ethereum gas fee jumped due to memecoin frenzy with mixed comments on network usability

Ethereum proponents celebrated the growth in daily revenue, while many others pointed toward network congestion and difficulty in usage.

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Ethereum's L1 would have no problem interacting with zkEVMs, Vitalik clarifies

The Ethereum blockchain would expand to a three-layer client. Latency and data efficiency remained a problem. Ethereum [ETH], plagued by transaction delays and network congestion a few yearsThe post Ethereum's L1 would have no problem interacting with zkEVMs, Vitalik clarifies appeared first on AMBCrypto.

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Ethereum Usage Will Drop If the Blockchain Doesn’t Boost Speed: Bank of America

The network’s early success was a double-edged sword as the large number of transactions resulted in network congestion and rising transaction fees, the report said.

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For Solana Users, 'Priority Fees' Mean Paying Up to Skip the Line

The network's developers implemented a new feature last year to let some users to pay extra to avoid congestion. Even the elevated "priority fee" rate is still considered low, so the adoption rate is growing.

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Solana looks to beat network outages with new open source validator client

The Solana network has been plagued by outages and slowdowns this year, especially during periods of congestion due to high demand but the Solana Foundation is now looking to add stability and throughput to the network with a new open source validator client to be developed by Jump Crypto.

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Helium Resolved The Recent Network Congestion Error In 4-Hours

The Internet of Things blockchain Helium, encountered a 4-hour network outage early this week owing to validator troubles that happened after a software update. This software update also resulted in delay in transaction finality.

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Crypto Exchange Binance Temporarily Halts Withdrawal of $LUNA and $UST on the Terra Network

Leading cryptocurrency exchange, Binance has announced a temporary halting of $LUNA and $UST withdrawals. The two digital tokens run on the Terra network which has recently been hit by slowness and congestion issues.

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Binance temporarily suspends LUNA, UST withdrawals citing network congestion

The market value of UST, Terra’s stablecoin offering, recently fell below the expected $1 price point as LUNA’s price witnessed a sharp decline owing to a significant selloff.

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Why Solana Faced Outage For The Seventh Time

January has been a tough month for Solana as the coin encountered a total of six outages. This time Solana again faced a downtime as there has been an increased number of transactions flooded by the Candy Machine NFT bots causing network congestion.

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KyberSwap DEX launches on layer-two network Arbitrum

The decentralized exchange has moved onto Arbitrum to help users get around Ethereum network congestion and expensive gas fees.

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Cardano's February release promises a lot, but will there be more to come

The Cardano network had faced several congestion issues last month when major decentralized applications (dApps) had rolled out on the network. However, it has since shown accelerated efforts towards The post Cardano's February release promises a lot, but will there be more to come appeared first on AMBCrypto.

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Cardax Vs. SundaeSwap: Which Is The Ultimate Cardano DEX?

SundaeSwap launched not too long ago and while the project had its unique problems taking off the ground, it had since stabilized. However, it is still not the most ideal decentralized exchange (DEX) on the Cardano network as it is continuously plagued by congestion issues.

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Vitalik Buterin On How To Eliminate Ethereum Network Congestion And High Fees

Network congestion on the Ethereum network is a very real and present issue, which has in turn brought about more real and pressing issues. Users of the network, especially small-time investors, have drawn the short end of the stick with these issues as they are the most affected.

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Solana's congestion issues spilling over to other chains, here's how

Solana has been dealing with issues on its network for quite some time. Now, a recent report by Bloomberg is claiming that similar issues might be spilling over to other chains on the Ethereum ecosystThe post Solana's congestion issues spilling over to other chains, here's how appeared first on AMBCrypto.

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Cardano proceeds with important updates to eliminate congestion issues

Input Output (IOHK) recently announced important updates that will increase Cardano’s block size by 11%.   The network’s core development team also scheduled a memory boost for its smart contract platform–Plutus.

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Cardano: IOHK announces performance enhancements post congestion issues

Cardano has finally entered the third stage of its roadmap, the Basho era. It was envisioned to improve the network’s performance and scalability. The launch of the Basho era focuses on scaling CardThe post Cardano: IOHK announces performance enhancements post congestion issues appeared first on AMBCrypto.

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Cardano Scaling To Meet Demands Of Thriving Ecosystem As Hoskinson Says ‘So Many DEXs Are Coming Online Soon’

Key Takeaways  Two Cardano DEXs, WingRiders and Minswap went live on testnet. The CEO of IOG, Charles Hoskinson, says there are many more DEXs to come soon. Facing issues of network congestion, Cardano has started implementing its scaling solutions.

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Solana Suffers Outage And Tanks 16%. What’s Next?

The past few days may have weakened the image of Solana (SOL). High levels of network congestion brought a new outage to the network and SOL fell the hardest amongst the top 20 cryptocurrencies amidst the market crash.

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Here's what led to a week of turmoil on Solana's network

Solana, which was somewhat of a star performer in 2021, has suffered a week of turmoil. Solana had identified that its mainnet beta was experiencing high levels of network congestion. InterestinglyThe post Here's what led to a week of turmoil on Solana's network appeared first on AMBCrypto.

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Solana slips 15% on congestion news, lost 40% in a week

Solana’s native cryptocurrency (SOL/USD) has lost another 15% today, bringing its weekly losses to almost 40% and slipping under $90. The Solana blockchain continues to face major network congestion issues.

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First DApp on Cardano (ADA) faces major congestion issues minutes after launch

The long-awaited launch of the first decentralized application (DApp) on Cardano (ADA/USD) finally happened on January 20. However, the launch has not been smooth, with users reporting failed transactions on the Cardano network.

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Cardano Increases Node Performance to Reduce Network Congestion During DeFi Projects Rollout

Cardano continues to add node improvements to curb network congestion on DeFi launches

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SundaeSwap launches on Cardano, but users report failing transactions

The first DEX on Cardano launched on the mainnet to allow traders to perform swaps and add liquidity, but network congestion has slowed transactions processing.

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