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Despite Fee Reduction, Bitcoin Network Faces Stubborn Transaction Backlog
27.6.2024
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, over 200,000 unconfirmed transactions have persisted in the backlog, as the queue has not come close to clearing since October 2023. Bitcoin’s...
ProBit Global Exclusive Presents Arbitrum’s New ARB Token at 50% off
24.3.2023
PRESS RELEASE. The Next Link In Blockchain Has Arrived. Launched in 2021, Arbitrum takes the exceptional security of Ethereum one step further with a class-leading Layer 2 solution that solves many of the scalability issues associated with Layer 1 chains. As ProBit Global’s latest listing,...
Can a Bigger Block Size Solve Bitcoin’s Scalability Issues? Miners See a Vast Potential with Bitcoin8M
25.2.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Amid so many controversies, growing blockchain scalability problems force miners to reconsider a bigger block size through the ‘Bitcoin8M campaign’.
Scalability means the ability of the blockchain network...
Ethereum scalability issues exposed as high gas fees stall DeFi boom
10.9.2020
Despite Ethereum’s proposal to fix its high fees, some feel that more needs to be done to improve the network
bloXroute Resolves Bitcoin Scalability Issues Through Network Layer Processing
8.1.2020
New Year 2020 has made its rocking start with the world going crazy as it is the start of a new exciting decade opening new doors to success and achievements. For the crypto industry, the past decade had been quite exciting as Bitcoin gained popularity and acceptance from the industrial domain....
Photonics Bitcoin Mining Tech Aims to ‘Democratize’ Energy Use
29.11.2019
Three researchers have published a paper at Cornell University’s arxiv.org proposing a system called Optical Proof of Work (OPOW) to potentially be employed in Bitcoin mining. According to the paper, “heavy reliance on electricity has created scalability issues, environmental concerns...
Another Research Paper Finds Flaws With the Lightning Network
26.11.2019
On November 21, researchers from Hungary and Institute for Computer Science and Control published a critical examination of the Lightning Network, the protocol intended to amend BTC’s scalability issues. The researchers’ simulation findings indicate the Lightning Network...