Tag: Congestion

EIDOS Airdrop Causes Major EOS Network Congestion

Blockchain congestion is a very big problem in the cryptocurrency industry. Many networks suffer from these drawbacks on a regular basis. In the case of EOS, such issues had not been present all that much. That situation came to change earlier today, as an airdrop quickly filled up the network capacity.  An Airdrop Cripples the EOS Throughput For Coinbase, the degraded performance of EOS has been apparent for a while. …
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Two of Singapore’s Three Bitcoin ATMs Crashed Last Week

It is a public secret that most cryptocurrency exchanges don’t have the infrastructure in place to cope with growing user demand. Kraken is a prime example of this, and Coinbase experienced some major issues this week as well. Surprisingly, Bitcoin ATMs are not immune to these problems either. Two such machines in Singapore simply stopped working recently as there was too much network congestion to properly process transactions. Bitcoin ATMs Suffer From Congestion too Although the …
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Bitcoin Markets Struggle Amid Clogged Network and High Fees

It is safe to say the Bitcoin price is struggling quite a bit after this week’s surge. When the Bitcoin price topped US$18,000, it quickly became evident that the momentum wasn’t sustainable in the long run. Ever since that time, the price has only continued to decline even further, which is not all that surprising. It remains to be seen if the launch of Bitcoin futures contracts will have any impact …
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BCH EDA Was Designed to Cause Bitcoin Network Congestion, Former Dev Claims

A lot has been said about the Bitcoin Cash mining difficulty algorithm. This EDA has caused so much controversy in its brief lifespan, it isn’t entirely surprising that the BCH developers decided to get rid of it once and for all. It now appears one of the people responsible for creating the EDA has acknowledged this technology was designed to harm Bitcoin first and foremost. That’s a rather irresponsible approach, to say the …
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