Solana Spikes 8% As Crucial Network Congestion Fix Is Deployed On Mainnet

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Solana Devs Move To Permanently Fix Network Congestion Debacle, But There Could Be More Problems

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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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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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Binance Corroborates Solana Network’s Congestion Issues

Solana’s congestion problem continues to devour the L1 network with the latest grumbles coming from Binance users, prompting the exchange to issue a notice on Tuesday. “The Solana (SOL) network is currently experiencing congestion due to an increase in high compute transactions, which is reducing its network capacity to several thousand of transactions per second […]

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Ethereum Gas Fees Dips Amid Easing Network Congestion

The smart contract platform’s gas fees finally seem to be dipping as network congestion shows signs of easing. Ethereum Network Congestion Easing The months of June and July witnessed unprecedented transaction activity on the Ethereum (ETH) network, buoyed by the astronomical rise in popularity of decentralized finance (DeFi) protocols such as Uniswap, Aave, Compound, andRead MoreRead More.

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EOS’s Dan Larimer Has Plans To Reduce Network Congestion

Stable CPU prices might combat network overload. Dan Larimer has proposed a new resource allocation model that will combat network congestion on EOS. If the proposal is successful, it will give dApp developers better access to the bandwidth resources that they need to operate their apps.

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ETH Transaction Fees on Ethereum Soar to $30

The Ethereum (ETH) network still experiences random days of congestion. This led to transactions requiring significantly high fees, as much as $30. High Competition for Some Blocks Led to Exorbitant Fees Transaction fees for sending ETH rose to as high as $30, on separate anomalous blocks, users reported.

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EOS Blockchain Undergoes Congestion and Heightened Transaction Rate for EIDOS Airdrop

EOS network launched its EIDOS token contract on October 31, 2019, and also announced an airdrop for the same where users with at least 0. 0001 EOS in their wallet can participate in the airdrop. A user needed to send a minimum amount of 0.

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Coinbase increases amount of staked CPU to unblock customers' EOS transactions

Recently, one of the leading blockchains, EOS was reported to have been facing network congestion, with the reason being the airdrop of EIDOS project that was launched at the beginning of this month.

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Hydro Labs tap OmiseGO’s Plasma Infrastructure to Eliminate Ethereum Congestion Woes

In an official announcement dated October 8, 2019, open-source distributed ledger technology (DLT) project Hydro Labs announced that it had partnered with cryptocurrency project OmiseGO (OMG) to use the latter’s plasma transaction infrastructure to do away with the Ethereum blockchain’s scalability woes.

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EOS.IO phasing out free network resources after smart contract exploit

Block. one is planning to phase out free network resources on EOSIO after the feature allowed an attacker to exploit a smart contract for 30,000 EOS. On the heels of v1. 8, network’s first consensus hard fork upgrade, Block.

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Secure the Bag: Cutting Transactions in Half to Resolve Bitcoin Network Congestion

Bitcoin Core contributor Jeremy Rubin may have figured out how to reliably smooth out network congestion, increasing Bitcoin’s throughput in peak hours. The post Secure the Bag: Cutting Transactions in Half to Resolve Bitcoin Network Congestion appeared first on Bitcoin Magazine.

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DAI Stablecoin Hit by Ethereum (ETH) Congestion

A volatile ETH market price and an overloaded network led to liquidations in DeFi contract collaterals, crashing the DAI price.

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Ethereum miners increase network capacity by 20% in response to congestion

Miners have expanded the gas limit on Ethereum by 20 percent over the last 10 days, helping address congestion and highlighting an innovative network capability. Over the last quarter, Ethereum has been plagued with congestion as network utilization began to regularly exceed 90 percent.

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Ethereum’s Congestion Eases as the First 10M Block is Mined

The ethereum network has returned to normal operations with fees back to about 5 cent following an increase in capacity to 10 million gas units. Etheremine’s Asia based server or... The post Ethereum’s Congestion Eases as the First 10M Block is Mined appeared first on Trustnodes.

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Ethereum Tests 25% Capacity Increase as Network Fees Hit Bitcoin Level

Ethereum tackles congestion with a gas limit increase

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Ethereum (ETH) Network Fees Surpass Bitcoin (BTC)

The Ethereum network sees increased activity and peak fees due to emerging congestion.

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Understanding the exploit that made EOS.IO “unusable” for two hours

On Sept. 13, an attacker flooded the EOSIO network to drain $110,000 in EOS from a gambling dApp. During the process, many user-facing applications were unusable due to congestion. Here’s how the hacker did it, in detail.

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50% of Ethereum Miners Voting for Increasing the Gas Limit; Will It Reduce Network Congestion?

Recently, Vitalik Buterin, the co-founder of Ethereum warned that the increased utilization of the network could result in larger transaction costs, which in turn, could deter institutional users from using Ethereum.

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Miners Start Raising the Gas Limit

Ethermine has finally begun voting in line with Spark Pool and F2Pool and is now voting to raise the gas limit. They state: “Given the current Ethereum network congestion we... The post Miners Start Raising the Gas Limit appeared first on Trustnodes.

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Tether facilitates $417k worth of transactions on ETH network as USDT continues to clog Ethereum

A Redditor recently complained about pending transactions on the blockchain by stating that the pending period was past 10 hours and at press time, all the fingers were pointed toward Tether for network congestion.

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Calls Rise For Blocksize Increase as Ethereum Fees Near 10 Cent

Etherans are calling on miners to increase ethereum’s version of the blocksize, the gas limit, amid congestion on the network following increased demand. Fees have risen to $0. 075 for a. .

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3 Solid Reasons Why Ethereum Looks Stronger Than Ever

Critics have been trying to spread fear, uncertainty, and doubt on the No. 2 cryptocurrency in light of its scaling issues. It’s true that Ethereum is struggling with congestion as network utilization is above 94 percent.

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Vitalik Buterin says Ethereum community should push for gas limit to increase with Istanbul

Vitalik Buterin, the co-founder of Ethereum, has said that in order to raise the gas limit for Ethereum’s next fork, the community should start an online campaign. An active Twitter and Reddit campaign would convince large mining pools to push the gas limits up and solve the network’s congestion problem.

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Ethereum is a Technological Dead End, Says Samson Mow

Controversial bitcoin maximalist Samson Mow described Ethereum as “a technological dead-end” after the digital ledger project ran out of capacity.   Ethereum Struggles With Congestion Again The network utilization of Ether, Ethereum’s native asset, soared above 90 percent, according to data provided by Etherscan.

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South African Payment Gateway Drops BTC Over Fees and Network Congestion

On July 12, South African payment gateway service Payfast announced the company is dropping bitcoin core (BTC) payments due to network congestion and high fees. Payfast emphasized that BTC has a number of limitations and design flaws which makes it an “impractical substitute for cash.

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IOTA Foundation Shares Details Of Improved Network Security And Scalability

Researchers for the IOTA Foundation have released details of their plan to combine proof-of-work algorithms with proof-of-stake algorithms to improve the IOTA network's ability to avoid congestion and tackle spam attacks.

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IOTA Foundation showcases improved algorithm with better security and scalability

The IOTA Foundation recently presented a research paper with a novel algorithm for improving the network’s ability to combat spam attacks and congestion. The algorithm takes elements from proof-of-work algorithms, like Bitcoin’s, and proof-of-stake algorithms, like that being developed for Ethereum.

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Google resolves cloud outage that took down YouTube, Snapchat, and Discord

Gmail, YouTube and other services that rely on Google’s backend technology were disrupted for more than four hours on Sunday by what the company blamed on “high levels of network congestion. ” Apple iCloud, Snapchat, Nest, Discord, Vimeo, and a number of third-party applications that host their services on Google were affected as a result.

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Bitcoin’s Lightning Network loses spark as network stats start to slouch

Bitcoin’s Lightning Network designed to free up Bitcoin’s on-chain congestion and improve its scalability seems to have lost its mojo as the network capacity, among others, have started declining for over a month.

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Gemini Exchange Announces Full Adoption of the SegWit Protocol

Per an official announcement, the cryptocurrency exchange Gemini Trust has confirmed full integration of Segregated Witness (SegWit) addresses to its wallet infrastructure.

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BCH-Backer Roger Ver: BTC Gatekeepers Enjoy Blockchain Network Congestion and Higher Fees

Bitcoin Cash is doing very well right now. While Bitcoin (BTC) rallied and consolidated its price by 20%, stopping at the $5,000 USD mark. Bitcoin Cash (BCH), on the other hand, raised its price by 82%, which made its community very happy.

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Bitcoin [BTC] developers want network congestion to charge higher transaction fees, says Bitcoin Cash’s Roger Ver

Bitcoin Cash [BCH] proponents were overjoyed after the coin outpaced Bitcoin [BTC] in the recent price rally. The fifth largest coin in the market rose by over 82 percent in value, over the past week, while Bitcoin consolidated its position over the $5,000 mark.

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Segwit already making a difference to Bitcoin scaling [infographic]

Here's a sequel infographic to my last one showing the Bitcoin Network under congestion. After one month of Segwit activation, 4% of transactions on the Bitcoin Network is using the new protocol.

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Determining the ideal block size for Bitcoin, a story of three graphs

One benefit of seeing congestion this early in Bitcoin’s life is we get a great set of data of the network under load. In this study, we’ll take a look at Bitcoin’s transactional data to see if it points to an ideal blocksize, if there is such a thing.

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My thoughts on Bitcoin's network congestion

Here's a wee chart below to illustrate my thoughts on Bitcoin's transactional network the last two years. The Bitcoin network hasn’t been able to keep up with peak transactional demand since 2016, since 2017 it hasn’t been able to keep up with the AVERAGE transactional demand. Meanwhile our

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Ethereum Pending Transactions Decline as ETH Blockchain Network’s Congestion Slowly Fades

Ethereum Pending Transactions Decline Ethereum has been having some issues when it comes to congestion. Etherscan provides real-time status updates concerning the platform’s pending transactions. Right now, the number of pending transactions totals 5,011.

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OmiseGo and Quantstamp are Partnering to Scale the Ethereum Network Through Plasma

Congestion is an issue faced by nearly every notable blockchain in existence. Despite the benefits of decentralization, the more people utilizing a blockchain, the more the network congests and slows down.

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Network Congestion Doesn’t Hinder NEO Price Push to $16

When it comes to trading altcoins in 2018, there hasn’t been much to be genuinely excited about. In the case of NEO, things are not looking half-bad right now, albeit there is still a major deficit compared to the $150 price recorded earlier this year.

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Bitcoin Network Strain Low Amid High Transaction Volume

A look at Bitcoin's transaction volumes shows upward trends, but network congestion is not reflecting that.

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As Tether’s Peg Slips, Bitcoin Price Is Distorted Across Market

Tether’s peg is slipping, and an exchange-wide firesale has led to major price discrepancies between bitcoin’s BTC/USDT and BTC/USD trading pairs across the market.

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Bitcoin Reliability to Improve through Child Pays for Parent, Says Coinbase

Sending and receiving cryptos such as Bitcoin today is increasingly becoming difficult. As transaction fees remain unstable and volatile, it does take a long time for transactions to be confirmed.

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Vitalik Buterin: Zk-Snarks Can Enable ‘500 Transaction a Second’ on the Ethereum Blockchain

Buterin said that the Zk-Snarks can be used to "mass validate" transactions thereby alleviating the pressure of network congestion. The post Vitalik Buterin: Zk-Snarks Can Enable ‘500 Transaction a Second’ on the Ethereum Blockchain appeared first on CoinSpeaker.

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Vitalik Buterin: Zk-Snarks Can Enable ‘500 Transaction a Second’ on Ethereum Blockchain

According to Vitalik Buterin, the Zk-Snarks can be used to "mass validate" transactions thereby alleviating the pressure of network congestion. The post Vitalik Buterin: Zk-Snarks Can Enable ‘500 Transaction a Second’ on Ethereum Blockchain appeared first on CoinSpeaker.

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Rocket Pool Reveals Roadmap for Ethereum 2.0

Since its inception, leading smart contract platform Ethereum has been facing issues with scalability and network congestion. With a roadmap recently revealed, Ethereum 2. 0 and second-layer scaling solutions are now on the way.

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Bitcoin Lightning Network Updated to be More Worthwhile For Node Operators

The Lightning Network, a Bitcoin scaling solution which has long been denounced as too inactive to actually drive down Bitcoin transaction fees, is reportedly benefiting some of its users. The network allows Bitcoin transactions to take place off-chain, which reduces congestion on Bitcoin’s main blockchain.

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Here’s What Is Clogging Up The ETH Network

Yesterday we reported on speculation surrounding what may have caused a spike in the price of Ethereum transactions. The network showed a great deal of congestion that seemed to be caused by a lone, rogue smart contract, the nature of it though was hard to detect.

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Cloned FOMO3D Game Most Probable Reason for Ethereum Congestion

For days in a row, a single smart contract has raised gas prices on the Ethereum network.

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