As you can see, since the crypto market is showing signals of a still weak recovery, not confirmed btw, BITCOIN and ETHEREUM blockchains start to struggling with the management of transactions.
In the case of BITCOIN, the blockchain has 9518 unconfirmed transactions and its capacity is at 100%:
ETHEREUM, the situation is even worst, more than 14000 transactions without confirmation and also 100% of capacity being used:
It is obvious that this is becoming a big problem for the 2 main blockchains of the cryptomarket...
Specially it is even more dramatic in ETHEREUM than BITCOIN since, IMO, all the ecosystem sustained by the ETHEREUM Blockchain depends of its capacity to handle transactions.
Instead, BITCOIN used to be "saturated" in periods on which the market grows, as for instance today...so, I'm not worry about, it is indeed a signal of recovery...
The good of Vitalik Buterin has a big problem in order to strike back @dan Larimer's blockchains... and he knows...
For the moment, BITSHARES is growing 15% in a day, while ETH 5%...
Enjoy Cryptoland!
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Actually I wonder if those numbers are correct.
I frequently visit http://cryptolights.info/ and it shows wholly different numbers for Bitcoin and ETH transactions
Interesting visualization of the blockchain blocks. Thanks for sharing it.
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Full capacity = excess demand = higher price? :P
I have to disagree. ETH transactions are clearing within 2 minutes or less at a Gas price of 3 Gwei and the BTC Mempool look very empty. BTC transactions are also very cheap. https://ethgasstation.info and https://www.blockchain.com/charts/mempool-state-by-fee-level - there are many other sources to use too.
Strange how info can conflict, but I don't believe the blockchains are that busy at all.
I wonder why BitShares has been having so much volume lately.
No idea, but I like it
Ethereum Blockchain is full because of a scam exchange called FCoin asking users to vote with tx on ethereum which is causing a massive backlog of tx as well as high gas prices.
Ethereum cannot scale. It cannot be possible that everytime a project makes more usage of the network, it is also making the network collapse.
Posted using Partiko Android
Thanks for sharing one probable reason but, seems to me that this situation in ETH blockchain is not happening now, its is happening since weeks if not months ago...
Since when FCoin started doing that "bad use" of the ETH voting protocol?
Cheers
Its been few weeks now. And now FCoin is buying back 24 million worth of its own tokens. What a scam!
Bastards
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