BUY/SELL BTC Click here To Buy Bitcoins || Click Here to Sell Bitcoins Or call 07037238225 (@prezzy) OR 08066458772 (@Zee)

Just In Bitcoin Mempool Drops 90%:19/06/017

Discussion in 'Bitcoin Investments | Discussions' started by zedzed, Jun 19, 2017.

  1. zedzed

    zedzed Upcoming Mod

    Bitcoin Mempool Drops 90% Despite Localbitcoins Records

    Bitcoin’s mempool has dropped almost 90 percent in a month, despite record transaction numbers reported in June.

    Data from Blockchain and Coin Dance show that while various markets set new volume highs for the week ending Saturday, the backlog of unprocessed transactions has continued to decrease.

    In addition to improved network performance, fees have also tailed off recently, with suggesting a “fastest and cheapest” rate of 330 satoshis per byte on Monday. This had previously been as high as 450 satoshis.

    Responding to the mempool deflation, community commentators on Twitter appeared surprised:

    Sluggish network performance has been a central topic of debate for those demanding the implementation of a scaling solution for Bitcoin.

    June 16 saw the release of SegWit alpha: part of a process which will see a beta launch later this month and SegWit signalling from July 21.

    Cointelegraph previously detailed the knock-on effects of the mempool issue for consumer-focused Bitcoin businesses, such as exchanges and merchant platforms.

    IMG_20170619_144415_308.JPG-Bitcoin Mempool Drops 90%:19/06/017 IMG_20170619_144429_254.JPG-Bitcoin Mempool Drops 90%:19/06/017

    Localbitcoins and BitPay have both raised fees in response to growing transaction costs.

    Fellow exchange Kraken was forced to reconsider its flat Bitcoin withdrawal fee of 0.0025 BTC ($6.40) last week after users complained en masse that such rates were unwarranted.

    Bitcoin Mempool Drops 90% Despite Localbitcoins Records
  2. Loading...

    Similar Threads - Bitcoin Mempool Drops Forum Date
    Bitcoin Network Hits Another Snag As Number Of Unconfirmed Transactions In Mempool Rises To Nearly 2 Bitcoin Investments | Discussions May 18, 2017
    Join The Reliable Bitcoin Investment Platform Today! Not Mlm Or Ponzi Bitcoin Investments | Discussions Today at 12:39 PM
    Bitcoin Mining Update: How Much Can 1th/s Hashpower Earn For You? Bitcoin Investments | Discussions Thursday at 11:47 AM
    How To Earn 15k Per Month With Bitcoin Without Investing A Dime.... With Payment Proof Bitcoin Investments | Discussions Wednesday at 1:42 AM
    Tutorial 5 Ways To Earn Bitcoins Quickly 2018 Guide Bitcoin Investments | Discussions Apr 17, 2018

Share This Page