BNB Chain Feeling the Strain: Network Congestion Causes Transaction Delays
- BNB Chain is having a surge in demand, filling every new block
- Users face delays in processing their transactions
- While a challenge, the congestion indicates high usage of dApps, DeFi, and NFT platforms on BNB Chain
BNB Chain (formerly Binance Smart Chain) reported that its network is currently under significant strain, experiencing high congestion. This means that every new block is being filled to capacity due to a surge in demand.
As a result, users might encounter delays in getting their transactions processed and confirmed.
What’s Causing the Bottleneck on BNB Chain?
Hitting the block size limits is usually common when network activity is high. It’s been reported that BscScan, the widely-used block explorer for BNB Chain, is slightly behind in real-time activity. As a result, the blockchain ecosystem recommends using an alternative explorer, bsctrace.com, for a more up-to-date view of the network’s current status.
While this kind of congestion isn’t entirely out of the ordinary during peak usage, the bottleneck does pose a question if there’s something more to it.
This new surge in network demand could be a sign of high-volume trading,…
The post BNB Chain Feeling the Strain: Network Congestion Causes Transaction Delays appeared first on Coin Edition.
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BNB Chain Feeling the Strain: Network Congestion Causes Transaction Delays
- BNB Chain is having a surge in demand, filling every new block
- Users face delays in processing their transactions
- While a challenge, the congestion indicates high usage of dApps, DeFi, and NFT platforms on BNB Chain
BNB Chain (formerly Binance Smart Chain) reported that its network is currently under significant strain, experiencing high congestion. This means that every new block is being filled to capacity due to a surge in demand.
As a result, users might encounter delays in getting their transactions processed and confirmed.
What’s Causing the Bottleneck on BNB Chain?
Hitting the block size limits is usually common when network activity is high. It’s been reported that BscScan, the widely-used block explorer for BNB Chain, is slightly behind in real-time activity. As a result, the blockchain ecosystem recommends using an alternative explorer, bsctrace.com, for a more up-to-date view of the network’s current status.
While this kind of congestion isn’t entirely out of the ordinary during peak usage, the bottleneck does pose a question if there’s something more to it.
This new surge in network demand could be a sign of high-volume trading,…
The post BNB Chain Feeling the Strain: Network Congestion Causes Transaction Delays appeared first on Coin Edition.
Read More
Is It Too Late to Buy Bitcoin? Michael Saylor Offers Perspective on Long-Term Value