I am doing trades on ehterdelta where the default gas price is 4 Gwei. The network in the last few days is terribly slow I remember 1 week ago I was making trades on 1 Gwei and even 0.1 and the transactions were done within minutes, now with 4 Gwei I have to wait like 20 minutes and sometimes the transactions get canceled. My question is what is the reason for this? Is it temporary or it will be like this for the near future?
It is because due to the number of transactuons that are bing congested that is why it is slow. I think it will be fixed soon and it wont be like this in the near future. ETH will do there troubleshooting to fix this so that it will run smoothly again.if you ever heard about cryptokitties, it is a game launched by eth blockchain that is one of the sources of slow transactions because of the amount of transactions being made.