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. But, it hasn’t always been this way – rather, the network had been suffering from a high number of transactions, leading to some serious congestion. According to Coin Gape, the number of pending transactions in December 2018 was 90,000. To decrease from 90,000 to just a bit over 5,000 transactions is a feat indeed.
Those who have considered comparing transactions back then and now point to a number of factors that may account for the platform’s ability to rid of the congestion. One of the primary reasons discussed is that the platform’s use of smart contracts and the increased use of decentralized applications. With more users tapping into the power of dApps and smart contracts, the network congestion increased as well. These issues accrued in June and continued throughout December.
Although Ethereum tapped into the Constantinople and St. Petersburg upgrade, it only provided some slight relief in the moment, rather than the rapid relief that users hoped for. However, it is also entirely possible that the upgrade took a few months to work, which is why the transactions number has declined to just 5,000. At this point, it is safe to say that the network is certainly faring better than it did months ago.