Record high traffic

[vv181]

Yeah it is good news, bitcoin and crypto market is increasing very fast!
The world is adopting bitcoin and everyday has new people joining in the crypto's world.

The bad news is that bitcoin has now more than 150k uncorfirmed transaction: https://blockchain.info/pt/unconfirmed-transactions
Fee is turning very expensive. We need lighning network asap.

I hope that the coming holiday season will give bitcoin some time to recover. I hope that people will spend their fiat on buying presents and not too much bitcoin for a while now, and for the beginning of 2018 the lightning network will start to operate (or as soon as possible). Poor developer guys at LN, they are under heavy pressure now, I think... (and of course, every other developers in the bitcoin ecosystem too...)
My fear is that this is the time when the average people try to invest in bitcoin and bitcoin have to show that it's competent and fine not to scare away the people with sky high fees and slow transactions... We need to survive this period, somehow

Agree, Bitcoin is still at an early age, there is still need a lot of room for improvement. And bitcoin hasn't done some real 'problem' test. I believe this period of time will strengthen Bitcoin in the future to be able to serve as a good cash system.

[khaled0111]

I received this notification 2 days ago but the network congestion started weeks before.
If you explore the latest transactions you will notice that the majority are sending huge amount of money,
no one is sending less than 50$.
I think it is time to implement the lightning network to solve scalability problem. Let's hope the development of the network finishes soon
because fees became outrageous lately.

[tomwalsh]

Yeah it is good news, bitcoin and crypto market is increasing very fast!
The world is adopting bitcoin and everyday has new people joining in the crypto's world.

The bad news is that bitcoin has now more than 150k uncorfirmed transaction: https://blockchain.info/pt/unconfirmed-transactions
Fee is turning very expensive. We need lighning network asap.

Its only good news if it causes the architecture to change to handle increased network load. However miners, who have monopolistic control over the bitcoin network won't let this happen as the huge fees only benefit them. Hopefully ethereum can implement a change for the sake of all blockchain.

[hahahafr]

There is a lot of issues with the traffic everywhere, in this forum, on the wallets, on the exchanges..

A lot of websites about cryptos are down right now too, because they all are collapsed due to the high traffic that bitcoin is driving to their websites/projects.

Just remember what happened in this forum when the price touched $10000 by the first time.. It collapsed, every body was joining to find information, and the forum went down for a few minutes if i am not wrong.

[jakelyson]

Just shows that we are really in the world of cryptocurrency now. It is just bad that either blockchains cannot keep up with the volume of transactions and tx confirmation time and fees are the ones adjusting to compromise with the increase of volume.

I hope both blockchain (ETH and BITCOIN) will have a permanent solution soon.