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Monday, May 22, 2017

Dirty Politics Responsible for Confirmation Queues on Bitcoin Blockchain

Dirty Politics Responsible for Confirmation Queues on Bitcoin Blockchain

As the number of unconfirmed Bitcoin transactions keeps increasing, a lot of users are left frustrated either by paying very high fees or experiencing protracted delays in their transactions.

Most users are seeking ways to facilitate their already delayed transaction. Some patronize online services that claim to accelerate transaction confirmation, while others engage platforms that they believe would offer the opportunity to broadcast such transactions to the miner’s community.

In order to find a solution, the root cause of any given problem must be identified.

With a market capitalization of over $32 bln, and a daily trading volume of almost $1 bln it is obvious that there is a significant increase in the adoption of Bitcoin. This is reflected by the cryptocurrency reaching a new all-time high of $1,960 in price.

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