Tuesday, November 29

Tag: mempool overload

Here’s Why Your Bitcoin Transaction is Stuck
PR Wire

Here’s Why Your Bitcoin Transaction is Stuck

Bitcoin has transactional limits to what it can achieve, so when there is a high demand for the cryptocurrency, the network clogs up, causing mempool spikes.  The mempool is where unconfirmed transactions await their inclusion in the blockchain.  During normal operations, Bitcoin is capable of keeping up with the demands. Bitcoin transactions naturally gather in the mempool before miners record them on the blockchain.  Two forces affect Bitcoin’s capabilities to avoid going into a mempool spike.  Demand for Bitcoin transactions Changes in network mining power Demand for Bitcoin Transactions Bitcoin’s popularity is the most influential factor in the equation. When Bitcoin is not trending, the blockchain usually avoids overflowing the mempool and regularly zeroes out th...
Lead-up to BTC halving excites investors, brief mempool overload, exchanges barely holding on
PR Wire

Lead-up to BTC halving excites investors, brief mempool overload, exchanges barely holding on

BTC saw an unusual spike in activity yesterday, April 29th. In the past, 24 hours Bitcoin has risen up by 18.66%, the mempool was briefly overloaded, and some exchanges were barely keeping up with the activity.  Let’s start with the price. But before that, I just want to let you know that this is not financial advice, I’m not even a professional trader. I’m just a guy that’s invested 3+ years of his life writing about crypto and blockchain tech. If you ask Billy, yes, suddenly after all of the “blows to Bitcoin” the time for Bitcoin is nigh. Forbes is saying yes it’s going to $10k, Coinbase’s Daniel Cawrey says it’s FOMO time. I mean, it’s crazy, but this is what the news should look like if you ask Forbes. We also say that it looks like BTC is going to break $10,000. ...