The Latest Bitcoin Mempool Spike Melts Like Snow in the sun

2019-11-18 06:00

There have been some concerns regarding the Bitcoin mempool in recent days. On November 15, the transaction backlog got a massive upward spike, for an unknown reason. 

It is always somewhat worrisome to see the Bitcoin mempool explode in size in an exponential manner. 

The Bitcoin Mempool Gets Cleared Quickly

The past few times this happened, there was either a dusting attack or some other form of spam taking place on the Bitcoin network.

This time around, it remains somewhat uncertain as to what triggered this transaction backlog.

Regardless of the reason behind the activity, it does appear the influx of transactions will not cause any lingering issues for the network.

The vast majority of the mempool has been cleared over the past few days, as the backlog returns to more normal levels. 

Some users on Reddit are very impressed with how quickly this potential problem has been taken care of. 

Most of the transactions triggering this backlog spike appeared to very low-fee transfers of Bitcoin. 

These can cause some minor delays when sending Bitcoin transfers, but would usually not have a lasting impact. 

This further confirms it is still possible to send BTC transfers at the lowest fee possible without expecting any major delays.

Bitcoin’s transaction fees have been a topic of heated debate among enthusiasts for several years now. 

At the same time, this mempool spike will rekindle debates as to whether Bitcoin’s block size needs to be increased by the developers.

A bigger block size would allow for more transactions to be processed every 10 minutes. 

It could also help in keeping network fees at the lower end of the spectrum. 

Image(s): Shutterstock.com

The post The Latest Bitcoin Mempool Spike Melts Like Snow in the sun appeared first on NullTX.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 62764.11 (-0.06%)
Объем 24H $24.894b
Изменеия 24h: 2.55 %, 7d: -1.79 %
Cегодня L: $60793.66 - H: $63077.76
Капитализация $1236.313b Rank 1
Цена в час новости $ 8456.18 (642.23%)

mempool bitcoin spike sun snow latest melts

Источник: nulltx.com

mempool bitcoin → Результатов: 26


Slow but steady wins the race: Coinbase to add batched Bitcoin transactions

The recent spike in bitcoin prices and the skyrocketing number of daily outputs has had a direct impact on the transaction fees and the congestion of the mempool. Despite the different solutions that have been implemented to address these issues, some of the most important cryptocurrency exchanges in the industry have failed to implement them.

2019-6-8 11:10


Coinbase adding batched transactions, reduces Bitcoin transaction fees

The recent spike in bitcoin prices and the skyrocketing number of daily outputs has had a direct impact on the transaction fees and the congestion of the mempool. Despite the different solutions that have been implemented to address these issues, some of the most important cryptocurrency exchanges in the industry have failed to implement them.

2019-6-10 11:10


BitMEX Set to Reduce Bitcoin Fees With Liquid Sidechain and SegWit

Cryptocurrency trading platform BitMEX has hinted it will begin using Blockstream’s Liquid sidechain technology to reduce its impact on the Bitcoin mempool. Bitrefill: BitMEX Should Reduce Fee Impact As part of a social media discussion started by Bitrefill CEO Sergey Kotliar over how major exchanges create higher fees for Bitcoin users, staff said developers were “testing” solutions.

2019-6-3 12:00


Фото:

Bitcoin Movements At A Twelve Month High

Even though its price has collapsed by nearly 70%, Bitcoin (BTC) is still growing, with transaction rates at an all-year high. Data collected by Blockchain.com indicate that the number of transactions added every second to the mempool – the holding area for crypto trades before they’re added to the ledger – have reached the highest level […] The post Bitcoin Movements At A Twelve Month High appeared first on Crypto Briefing.

2019-1-25 22:53


Подарок на Рождество: команда Mempool добыла крупнейший блок в истории в сети BSV

Экосистема цифровой валюты Bitcoin SV (BSV) продолжает развиваться стремительными темпами. 25 декабря команда Mempool завила о добыче самого крупного блока за всю историю публичного блокчейна.

2018-12-28 17:15


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

High Bitcoin fees push active addresses down to 3-year low

On April 20, the day of the Bitcoin halving, total transaction fees paid to miners jumped to 1,257. 71 BTC, the highest since December 2017. The high amounts starkly contrasted with fees from the previous day, which amounted to only 116.

Mempool overload leads to skyrocketing Bitcoin transaction costs

As the primary holding area for unconfirmed Bitcoin transactions, the mempool offers vital insights into the network’s operational status. High fees within the mempool typically signal increased network activity and potential congestion, impacting transaction processing times and user costs.