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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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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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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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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Ethereum Transaction Fees Are Up Because of Ongoing Network Spamming

The Ethereum blockchain seems to be under some sort of attack by a network spamming that is causing congestion within the network which in turn, has had a negative impact on the base fee for the verification of an Ethereum transaction.

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Vitalik Buterin Estimates Ethereum Spam Transaction Fees at $15 million

According to Vitalik Buterin, Ethereum’s recent spam congestion transactions have racked up at least $15 million in gas fees. Facing record congestion in the form of soaring gas fees and pending transaction times, the Ethereum network has been recently stung with a gas price manipulation attack caused by thousands of spurious transactions.

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Ethereum Founder Vitalik Buterin Highlights Shocking $15M Worth of Transactional Spam

Vitalik Buterin has spoken out on the topic of a mysterious congestion of transactions on the Ethereum network, of which he is the founder. Buterin estimated in a message posted on his Twitter account yesterday that the recent spate of ERC-20 smart contract transactions, which seemingly serve no purpose upon inspection, have cost the creators of […] Ethereum Founder Vitalik Buterin Highlights Shocking $15M Worth of Transactional Spam was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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Ethereum’s Vitalik Buterin Estimates $15 Million in Cost for Network Spam

The Ethereum Network has been facing a lot of attention because of the congestion caused by a slew of ERC20 contracts numbering in the thousands. Vitalik Buterin of Ethereum guesses the spam transactions totaled around $15 million USD in gas costs so far.

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Ethereum Blockchain Overloads Due to Spam Attack by EOS

A DApp developer and several ETH users claim EOS is to blame for an artificially boosted price of Ethereum transactions. Over the weekend, the Ethereum (ETH) network has faced heavy congestion that some suspect to be a concerted effort at launching spam transactions.

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Ethereum [ETH] Blockchain Gas Price Normalized: EOS Speculated Attack

Large scale congestion was experienced during the last week by the network of Ethereum. The event reflected to many crypto-analysts and enthusiast that a serious spam launching transactions are going on.

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Ethereum’s Network Congestion Clears, Fees Fall to Seven Cent

It’s as if by click of fingers, ethereum’s network congestion has suddenly disappeared, with transaction fees back to pennies at the time of writing. The “airdrops” of random tokens that.

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EOS is Attacking Ethereum, Raising Transaction Fees to $1, Says Dapp Developer

A dapp developer has accused eos of orchestrating congestion in ethereum’s network through “airdrops” of random tokens that seem to be backed by no project. Justo, from the team that.

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‘Etheremon’ Game Migrating to Zilliqa Because of Ethereum’s High Gas Prices

According to a Medium post published July 3rd, Etheremon, a ‘Pokemon clone’ built on the blockchain, will be switching from Ethereum to Zilliqa in light of scalability issues facing the Ethereum network.

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Ethereum's Growing Gas Crisis (And What's Being Done to Stop It)

The ethereum network is seeing new levels of congestion with rising use, a development that is spurring proposals for technical improvements.

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Ethereum [ETH] Network congestion – Is FCoin accountable?

An unprecedented increase in the cost of transactions for Ethereum has been observed in the past few days. According to Etherscan, this is the result of abnormal amounts of fees being collected by miners in comparison to what is normally collected.

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Buterin responds to Ethereum [ETH] Network’s congestion

Ethereum transactions have been fluctuating daily, now hitting a fall below 500k for the first times in months. Between June 30th and July 2nd, the transaction fees rose to nearly $1.  The resulting congestion on the Ethereum network has influenced Binance to spike their GAS price on the withdrawals to the 180 Gwei, i.e. 0.00000018 Ether, […]

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MyCrypto Wallet Criticizes China’s FCoin Exchange For Ethereum Spam and Congestion

One of the most popular Ethereum and ERC20 token wallets ever created, MyCrypto, has heavily criticized FCoin, a Chinese Cryptocurrency Exchange, for congesting the Ethereum network with meaningless transactions recently.

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GAS [GAS] sees a slow and steady hike of 10% post Binance’s announcement

On 2nd July, Binance announced the increment in prices of GAS. This was made due to congestion on the ETH network and affirmed to remain the same until the congestion reduces. Post the announcement, the coin faced a hike.

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Is a New Exchange to Blame for Ethereum’s Network Congestion?

When demand for Ethereum rises, so do the gas prices — but what is causing them to rise in the middle of a bear market? A new exchange may be to blame.   Traffic Jam Congestion in the Ethereum network has skyrocketed during the past few days, causing a dramatic hike in gas prices.

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Rogue App Wreaks Havoc –Transaction Costs Soar as the Ethereum Network Slows

Another month, another almighty congestion on the Ethereum network. Gas prices have soared this week, passing 500 gwai at one stage, before settling on a still-pretty-substantial 56 gwai. As a result, the average transaction cost is $0.

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Enjin Coin CTO Creates ERC-1155, a New Token Standard for Ethereum

Witek Radomski — co-founder and CTO of Enjin Coin — has developed ERC-1155, a new standard for defining video game tokens on the Ethereum blockchain. Radomski’s journey to improve the gaming experience began 12 months ago in June 2017, when he created code for the first non-fungible token.

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Bithumb Wallet Consolidation Allegedly Causing Bitcoin Network Congestion

A dramatic spike in the Bitcoin network's activity has people wondering whether Bithumb is congesting the blockchain as a result of its recent hack.

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