Bitcoin’s Block Fullness Hits Record High with 460k Pending Transactions!
The post Bitcoin’s Block Fullness Hits Record High with 460k Pending Transactions! appeared first on Coinpedia Fintech News
The Bitcoin network is presently experiencing its longest period of block fullness ever, with over 460,000 pending transactions in the mempool. This is causing delays in transaction confirmations and high fees as users outbid each other to get their transactions processed faster. Miners are prioritizing transactions with higher fees, which is causing smaller transactions to be left behind. This exists as a consequence of Bitcoin’s success and underscores the need for a scaling solution for processing more transactions at once.