The Bitcoin Mempool Fills up Again Following Massive Price Boost

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A lot of people are keeping a close eye on the Bitcoin price right now. Due to this upward momentum, a lot of coins are being spent on the network. That is a good sign in most cases, but it can be somewhat problematic for Bitcoin. The Mempool is filling up with unconfirmed transactions once again. Despite the SegWit scaling solution, this remains a big issue.

It is not entirely surprising to see the Bitcoin mempool clog up once again. Every time the price moves in either direction, there are a lot more transactions. Cryptocurrency networks need to grow and evolve over time, thus such growing pains are not unusual. However, issues like these should be far less common than they are right now. After all, one would expect Segregated Witness tackles this issue.Unfortunately, that is not entirely the case as of right now.

Bitcoin Mempool Remains an Issue

More specifically, the number of SegWit transactions is still pretty low right now. A lot of wallets and online services still have to implement this solution. Until that happens, however, not much will change anytime soon. More specifically, the number of network transaction waiting for confirmations is still rising as we speak.

Read more ... source: NewsBTC USA

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