Considering the large
number of unconfirmed transactions on the Ethereum network, it is likely that Bittrex will disable new deposit addresses from being deployed for a relatively long period of time.
Many in the cryptocurrency world have accused Coinbase of being largely responsible for the large
backlog of unconfirmed transactions seen recently, due to their insistence on not implementing SegWit promptly.
Apart from increasing the transaction fees, these spam attacks also reduce transaction times and lead to a large
amount of unconfirmed transactions being stuck in the Bitcoin memepool.
Currently, as shown by the large size of the bitcoin mempool, the holding
area of unconfirmed transactions, the Bitcoin network is congested, leading to high transaction fees and longer transaction verification periods.
This news comes at a particularly bad time for the world's first cryptocurrency as the backlog
of unconfirmed transactions known as the mempool just does not want to clear.
Things have gotten so bad in the last few months that the
list of unconfirmed transactions on the bitcoin network has at multiple times exceeded 200,000 transactions.
In the meanwhile, the situation is getting worse every day with the number of unconfirmed transactions reaching
Key statistics gathered by Statoshi for the past few months show the pool
of unconfirmed transactions has held relatively steady at about 10,000 transactions — a significant decrease from over 75,000 unconfirmed transactions during «the stress test» performed in September 2015.