More

    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. 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.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,262FansLike
    2,714FollowersFollow
    4,095FollowersFollow

    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    After Passing Strict Regulatory Standards, Zipmex Crypto Exchange Granted License by Thai SEC

    The Asia-Pacific crypto-fiat exchange Zipmex has been given a digital assets exchange license by the Thai Securities and Exchange Commission (SEC). As stated in a...

    South Korea Might Re-Categorize Cryptocurrencies, Imposing A 20% Tax On Gains

    South Korea one of the most progressive nation in terms of evolving technology adoption might impose a 20% tax on crypto gains in the...

    Does Peter Schiff Losing His Bitcoin Reveal the Shortcomings of The Technology?

    As gold proponent Peter Schiff loses his BTC because he didn’t remember to keep his seed phrase, CT tore into him for forgetting his...

    Popular Trader Sees Bitcoin Heading to $5,000 After the Bearish Ambush

    Bitcoin went down hard from $9,200 to $8,550, altcoins followed except for BSV & XTZ If BTC reclaims $8,900-$9,000, $9.5 next or low...

    Tezos Foundation Launches ‘Free Giveaway' Faucet Of XTZ To Boost Development

    Breaking into the top 15 largest crypto's list, Tezos (XTZ) a staking token, is once again back in the spotlight after the Tezos Foundation...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.