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.

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


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Deregulating Bitcoin May Increase Speculative Trading Instead of Technical Innovation: Japan’s New Top Financial Regulator

Ryozo Himino, the new top financial regulator of Japan, wants the country to take caution over promoting digital assets, arguing that instead of promoting...

Goldman Sachs New Digital Asset Manager Reveals Plans to Bring A ‘Digital Token' to the Bank

U.S. financial giant Goldman Sachs is pushing forward its plans to launch a digital asset with the appointment of its new digital asset...

Grayscale Ethereum Trust Files with SEC to Halve the ETHE Locking Period Same as GBTC

Grayscale Investments has publicly filed a registration statement on Form 10 with the US Securities and Exchange Commission (SEC) on behalf of its Ethereum...

Florida Teenager Behind the Infamous Crypto Twitter Hack Pleads Not Guilty to 30 Counts of Fraud

Graham Ivan Clark, the 17-year old Florida teenager accused of being the main culprit of the most significant privacy breach in Twitter’s history, has...

Bitmain’s Management Feud Is Finally Affecting Business Operations; AntMiners Shipments Delayed

Bitmain’s top-level struggles cause a three-month delay in Antminer hardware. Two mutually exclusive solutions offered to customers. The constant wrangling within the largest Bitcoin...

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.

Start Using Crypto Today