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Solana's Network Congestion Prompts Liquidations, Drives Away Users
24.1.2022
Public blockchain platform Solana (SOL) experienced high network congestion once again over the weekend. The team confirmed the outage, which extended from Friday to Saturday, adding that the network suffered from overload due to bots spamming the network....
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JPMorgan: Ethereum Losing Ground to Other Crypto in NFT Market Due to High Transaction Fees, Congestion
21.1.2022
JPMorgan has told its clients that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token (NFT) market due to sky-high transaction fees on the network. “It looks like, similar to defi apps, congestion and high gas fees has been inducing...
Ethereum Transfer Fees Drop From Recent Highs, L2 ETH Solutions Between 46-97% Cheaper
13.9.2021
At the end of August, Ethereum network gas costs skyrocketed and tapped a high of $59 per transaction on September 7, according to the average transaction fee spent on that day. The median fee for an ether transaction on September 7 was around $20 per transaction. Days later, ether transaction fees...
Ethereum network congestion temporarily shuts down crypto gaming casino
12.8.2021
FunFair Technologies-owned KingTiger Casino is now on the lookout for new solutions for hosting “a new range of features and games” for its participants
That Time I Accidentally Started A Pandemic In Cities: Skylines
14.5.2021
To all of the people who live in Ariberg, my Cities: Skylines metropolis, I am truly sorry.Read more
Avalanche Web Wallet Stalls For 6 Hours After Avalaunch Airdrop Snapshot
4.5.2021
The Avalanche cryptocurrency, the first cryptocurrency ever to implement the Avalanche consensus, experienced an outage of service yesterday when its web wallet presented an outage that lasted for six hours. This was the consequence of severe congestion due to an airdrop carried out by AvaLaunch...
DeFi Major Aave Working With Polygon to Bypass Ethereum Congestion
31.3.2021
Whopping gas fees shouldn't limit DeFi to five-figure portfolios, said Aave founder Stani Kulechov
Ethereum’s Buterin Highlights Layer-Two Rollups as Potential Scaling Solution
12.3.2021
As questions circle about the network’s capacities following surging transaction costs and accelerating activity in the decentralized finance (defi) arena, Ethereum’s founder Vitalik Buterin opines that layer-2 solutions could help the network scale by a factor of 100x in mere months...
Binance Suspends Ethereum and ERC-20 Token Withdrawals Before Quickly Reversing Course
23.2.2021
The rollercoaster-ride in cryptocurrency prices on Monday was accompanied by Binance’s fresh restrictions for ethereum and ERC-20 tokens. Ethereum Network Congestion Fingered as the Culprit for the Temporary Halt Through the official Binance Twitter account, one of the world’s largest...
Coinbase Reports Delays in Processing Bitcoin Withdrawals Due to Network Congestion
30.11.2020
The delays come on a day when the price of bitcoin surpassed its all-time high
As DeFi Deflates, Ethereum Users Get Reprieve From Soaring Fees, Congestion
7.10.2020
The popularity of decentralized cryptocurrency exchanges had backed up the Ethereum blockchain, raising questions about its ability to scale
First Mover: Tron’s Play for WBTC Shows Competition to Relieve Ethereum Congestion
25.9.2020
Competition builds in market for tokenized bitcoin, used to get extra profit off holdings of the cryptocurrency recently denigrated as a "pet rock."
Why Top Global Brands Like the NBA and UFC Choose Dapper Labs’ Flow Blockchain
24.9.2020
Developed by the team behind some of the most successful crypto applications in the world, Flow is a blockchain re-designed from the ground up to be user- and developer-friendly as well as modular and future-proof. The network is already being used to develop digital collectibles offerings for...
Tokenized BTC Crosses $1B Notional: Ethereum Cements Role as Bitcoin’s Main Sidechain
23.9.2020
Years ago when the Bitcoin network started suffering from higher fees and congestion, a number of bitcoiners advocated the use of sidechains in order to relieve the main chain’s duties. However, they didn’t realize that the Ethereum network would solidify its role as Bitcoin’s...
Party at Vitalik’s House? For DeFi, it’s Do-or-Die
20.9.2020
Ethereum gas prices have set new records, with single DeFi transactions costing over $10 in fees. High fees are the result of congestion, as users pay ever higher fees to ensure their transaction gets into a block. As DeFi takes off, the price of gas on Ethereum threatens its future. Or does it?...
Sushiswap’s 2 Million Token Airdrop: Founders Face Accusations of ‘Making Defi a Joke Again’
14.9.2020
Sushiswap’s new leader and FTX CEO Sam Bankman-Fried tweeted on September 12 that the promised 2 million token airdrop would go on as scheduled. The process was expected to last up to two hours or less depending on network congestion. The airdrop caps an eventful week for Sushiswap that...
Buterin, Ethereum Developers Focus on Congestion as Fees Spike Over 600% in One Month
3.9.2020
Median fees have spiked nearly 900% in the since Aug. 2
Bitcoin Transaction Fees Dropped 58% Last Week as Congestion Eased
10.8.2020
The cost of transacting on the Bitcoin blockchain fell sharply last week as the network reverted to less frantic levels of activity
Ethereum Transaction Fees Fall by 75% as Congestion Eases
5.8.2020
Ethereum gas fees appear to be finally going down as activity levels fall from the highs of July
Plus Token Money Launderers Stopped Short by Congestion
24.6.2020
One of the largest ponzi schemes in crypto history is still trying to launder its proceeds, but Ethereum congestion is making that difficult