Bitcoin Experiences Its Busiest Week Ever
Blockchain.info, one of the biggest and oldest bitcoin wallet provider, publicly stated that bitcoin experienced its busiest week ever from the 20th to the 27th of November. Antoine Le Calvez, a software engineer at the company, stated: “Between Nov 20th and 27th, Bitcoin faced its busiest week ever with 2 million transactions, a near-constant backlog of tens of thousands of transactions to confirm, and a record 333,466 transactions processed in a day. This resulted in average confirmation times reaching an unusually slow speed of more than 2 hours.” The spike coincides with Black Friday,....
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Just as Blockchain.info announced the week between Nov. 20 and 27 to be Bitcoin ’s busiest week ever, several tens of thousands of unconfirmed transactions have popped up on the network again prompting questions about the spike, including: is the journey to mass adoption about to finally take-off? Will this last? Is it a spam attack? Blockchain.info reported that within the week there were two million transactions, a backlog of tens of thousands of transactions to confirm and a record 333,466 transactions processed in a day, resulting in average confirmation times reaching an unusually....