Ethereum went from 5,000 to 30,000 pending transactions in the last 3 days

in #cryptocurrency7 years ago (edited)

This 6 fold increase is just as crazy as the recent price increase!

Unfortunately Ethereum and ERC20 token transfers to exchanges currently take a long time. You might want to adjust your gas limit to be on the safe side. The suggested limit by MyEtherWallet doesn't seem enough at the moment as the transaction is taking ages to get through.

eth-pending-ages-2.png

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Ethereum Pending Transactions Queue Chart

ethereum-pending-txs.png
https://etherscan.io/chart/pendingtx

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What it some developer or Rocio creates a hit game like Angry Cats onto Ethereum ? Crypto kitties with 17% of the network. So imagine another hit game or two?

Yes :/ That would completely kill the network. Cryptokitties is great for adoption and marketing but it seems this amount of traction has come a bit too early. Additionally there are so many ERC20 tokens on the network so I can only imagine what it will be in the near future. Sharding or whatever scaling solution is very much needed. That is why there is such a big grant on scaling research :)

So now that BTC and ETH is overloaded maybe it's time to use LTC for trading pairs, but there aren't many ... none!? Everything else works fine but things like Dash, XMR, BCH, etc. don't power all those tokens.

Once everybody wants to get out of the door this could end in a blood bath!?

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