Unconfirmed transactions in the Bitcoin network increased by 8700%

Unconfirmed transactions in the Bitcoin network increased by 8700%

Blockchain
November 15, 2019 by cryptorolling.com
269
Within a few hours, mempool of the first cryptocurrency was overfilled. In previous times, this led to a sharp rise in the price of the coin.
maxresdefault (4)

The number of unsubstantiated transactions on the Bitcoin network took off in a few hours to levels at the end of 2018, according to Blockchain.com. On the morning of November 15, this figure was about 1 million bytes, then it increased by 8700% to 88 million. This had already happened in the market, and in nine out of ten cases it led to a strong rise in the price of the first cryptocurrency.

At the end of March 2019, Bitcoin’s Mempole grew 8700% from 500,000 bytes to 44 million bytes per week. A few days after that, the first cryptocurrency exchange rate began to grow rapidly. At the end of June, it reached $14,000, setting an annual high.

A similar overflow in the Bitcoin network occurred in early November 2017. After that, the first cryptocurrency exchange rate began to rise and within a month rose from $6,000 to $20,000.

However, this anomalous increase in the number of unconfirmed transactions in the network of the main digital asset could be a system failure. According to Johoe’s Bitcoin Mempool Statistics, Bitcoin’s “mempool” remains normal.

Also, the increase in the number of unconfirmed transactions may be the result of an attack on the network by supporters of Bitcoin SV in honor of the day of independence of the project. On November 15 last year, Bitcoin Cash hardcore took place, after which BSV altcoin appeared.

Subscribe to CryptoRolling Telegram channel.

Add a comment