If a major exchange that a large majority of cryptocurrency users use, such as Coinbase, switches to SegWit, we could see many tens of thousands or
more unconfirmed transactions disappear from that list during peak activity periods.
A larger mempool and
more unconfirmed transactions meant that transaction fees were also quite high.
Not exact matches
More recently, on March 25, Rizun - much like Vitalik - cornered Wright after a lecture, to argue his technical ideas related to
unconfirmed transactions were not feasible.
This enables
more graceful recovery from specific edge cases where
transactions depend on other
unconfirmed transactions.
While the increase in
unconfirmed transactions has caused concern among some members of the blockchain community due to the popularity of the game affecting the efficiency of
transactions on the network, others take a far
more optimistic view.
But perhaps
more importantly,
transaction malleability severely limits the potential of all sorts of advanced Bitcoin tricks that build on
unconfirmed transactions (using their IDs), such as payments channels and the Lightning Network.
When there are
more transactions occurring than the network has the capacity to process, fees go up and the memepool of
unconfirmed transactions grows.
Fees are on some occasions
more than PayPal and the backlog of
unconfirmed transactions can be an issue.
According to Earn.com, there are
more than 127,000
unconfirmed transactions.
«Litecoin is
more scalable by nature and with bitcoins mempool currently flooded with
unconfirmed transactions Litecoin is looking much better than BTC as a medium of exchange,» said Mato Greenspan, Senior Market Analyst at eToro.