[2017-02-23] Bitcoin’s Transaction Queue Sets a New Record

[TwoTimes]

On February 22 the transaction queue for the Bitcoin network, otherwise known as the mempool, reached its all-time-high. During peak hours of the day, over 100,000 transactions were unconfirmed, and many people were once again experiencing significant delays.

As the bitcoin price slowly approached the currency’s all-time-high the network also suffered from significant transaction congestion. For the past 36 hours, there has been a vast backlog of unconfirmed transactions. Currently, at press time there were 108,000 unconfirmed txs waiting in the mempool following the first record breaking 100,000 six hours prior. Of course, there have been lots of people complaining about high fees and long delays throughout the event.

Read more here: https://news.bitcoin.com/bitcoins-transaction-queue-sets-a-new-record/

[Papa Bear]

the congestion is due to the rising price as traders are likely exchanging bitcoins more often. Whatever the case may be the congestion has yet to subside, and the mempool transaction count continues to remain at its highest level.