Post
Topic
Board Bitcoin Discussion
Re: Record high traffic
by
CrowdFunder
on 15/12/2017, 13:54:53 UTC
ALERT: INCREASED NETWORK TRAFFIC
The Bitcoin and Ethereum networks are currently experiencing record high traffic, resulting in higher miners fees and longer confirmation times for transactions.
Blockchain does not collect transaction fees. Transaction fees are paid to bitcoin miners and are determined by demand in the market for transaction confirmation. We do our best to try and provide you with the lowest possible fee that aims to achieve transaction confirmation in an acceptable timeframe. If you do not wish to pay the fee currently recommended, we recommend you check back later as fees will become lower once network activity has subsided.


See this message when I login to blockchain.info

Crazy times.


Both bitcoin and ethereum need some solutions to increase the amount of transactions that can be processed. It's a travesty that one of the main purposes of crypto in being able to send transactions fast and cheaply is currently not possible.