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Category transaction backlog

MainNewstransaction backlog
Despite Fee Reduction, Bitcoin Network Faces Stubborn Transaction Backlog

Despite Fee Reduction, Bitcoin Network Faces Stubborn Transaction Backlog

Bitcoin transaction fees have stayed below $7 since Jun. 9, 2024, and have fallen under $3 in the last five days. Even with this decrease in fees, ...
Jun, 27, 2024
by Bitcoin News
Bitcoin’s Transaction Backlog Surges Past 400,000

Bitcoin’s Transaction Backlog Surges Past 400,000

A fortnight ago, unconfirmed BTC transactions dipped under 300,000. However, they’ve since rebounded, surpassing the 400,000 mark. While the averag...
Aug, 20, 2023
2 min read
by Bitcoin News
Bitcoin Onchain Fees Dive Below $1, Pending Transactions Drop, and Miners Experience Difficulty Reduction

Bitcoin Onchain Fees Dive Below $1, Pending Transactions Drop, and Miners Experience Difficulty Reduction

According to recent Bitcoin data, the count of pending transactions, still awaiting confirmation, has plummeted beneath the 300,000 mark, while onc...
Jul, 31, 2023
2 min read
by Bitcoin News
Bitcoin Network’s High Difficulty Levels Poised to Ease Amid Longer Block Intervals 

Bitcoin Network’s High Difficulty Levels Poised to Ease Amid Longer Block Intervals 

Upon achieving an unprecedented all-time high on July 11, 2023, soaring to a staggering 53.91 trillion, Bitcoin’s difficulty is poised to decline b...
Jul, 24, 2023
2 min read
by Bitcoin News
Bitcoin’s Average Transfer Fee Surged 92% in 4 Days With More Than 330,000 Unconfirmed Transactions in the Backlog

Bitcoin’s Average Transfer Fee Surged 92% in 4 Days With More Than 330,000 Unconfirmed Transactions in the Backlog

With 13.15 million ordinal inscriptions on the Bitcoin blockchain, demand has continued to keep network transfer fees high, as the average fee to t...
Jun, 22, 2023
2 min read
by Bitcoin News