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Bitcoin has 200k Unconfirmed Transactions

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by COINS NEWS 60 Views

Bitcoin has 200k Unconfirmed Transactions

There are nearly 200k unconfirmed transactions sitting in the mempool.

https://preview.redd.it/5i5purvtccxa1.png?556&format=png&auto=webp&s=ed602f7bf72c8349f275cf40ab52a534cba238c9

According to an article the reasons it happened in 2017 was:

Exchanges overloaded. DDoS attacks. Huge price spikes, flash crashes, and order cancellations. Over 200k transactions queued, some for more than 24 hours.

Total bitcoin trading volume has neared $29 billion, a five-fold increase on the same time last month.

It also reached 100k transactions in the mempool around Oct 2020, according to Coin Telegraph.

Do you think this is an issue that needs to be addressed? What could be causing this to happen today?

Bitcoin Mempool

submitted by /u/CryptoIsThePlan
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