Not exact matches
New adoption
slowed to a crawl, and in 2017 the number of
transactions on the network began to decline for the first
time in Bitcoin's nine - year history.
And
transactions on the «original» Bitcoin network are likely to be
slower and more expensive for some
time.
Even more baffling is the fact that people are trying to blame wallet providers
on slow transaction times instead of the bloated blockchain.
Over the past few weeks, people have been complaining about high
transaction fees and
slow confirmation
times on the bitcoin core network.
Support for the Bitcoin scalability upgrade Segregated Witness (SegWit), which is designed to make
transaction fees
slower and
transactions times faster
on the Bitcoin network, was added to the latest Bitcoin Core client version released
on Feb. 15, 2018.
These difficulty oscillations are making block creation
times very
slow on the Bitcoin Cash network and are also resulting in a growing backlog of
transactions in Bitcon as well.
However, continuously scanning all deposit addresses for new
transactions, added a heavy load
on the system, causing the system to run
slower for all users and was at
times very unstable and unreliable and did not deliver the good customer experience we want to provide for our users.