KingTiger Casino Temporarily Shuts Down Due To Ethereum Network Congestion
KingTiger Casino recently went out of operation due to Ethereum congestion issues. The online casino announced that they wouldn’t be operating until they get a suitable solution for their users. On their website, the company said they shutting-down due to congestion on the Ehereum network. According to them, it has become impossible to run their games on the network with their current format. Related Reading | Coinbase Removes USD Coin (USDC)” Backed By Dollar” Statement For now, KingTiger Casion is searching for a better solution to accommodate their new games and advanced....
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FunFair Technologies-owned KingTiger Casino is now on the lookout for new solutions for hosting “a new range of features and games” for its participants. Congestion on the Ethereum network has forced an online casino to close shop. The development came into light after KingTiger Casino’s official website announced the company’s temporary closure of services. According to KingTiger’s statement:“We have had to temporarily close our casinos due to the Ethereum network congestion, making it impossible to run our games in their current format.”The crypto-centric online casino is currently on....
The rollercoaster-ride in cryptocurrency prices on Monday was accompanied by Binance’s fresh restrictions for ethereum and ERC-20 tokens. Ethereum Network Congestion Fingered as the Culprit for the Temporary Halt Through the official Binance Twitter account, one of the world’s largest cryptocurrency exchanges by volume, announced that it had “temporarily suspended withdrawals of $ETH and ethereum-based tokens” due to network congestion while underscoring that user funds were SAFU (Secure Asset Fund for Users). #Binance has temporarily suspended withdrawals of $ETH....
Network congestion on the Ethereum network is a very real and present issue, which has in turn brought about more real and pressing issues. Users of the network, especially small-time investors, have drawn the short end of the stick with these issues as they are the most affected. With fees skyrocketing, carrying out small transactions on the leading smart contracts network is becoming less and less feasible with each passing day. The high fees and congestion have sparked discussions on how it can be eliminated. There are various developments in the pipeline, like the Consensus Layer....
Now that the Bitcoin price has been skyrocketing, more transactions are taking place on the network as well. Similar to what happened a few months ago, network congestion is taking place once again. Bitcoin Core developers are being scrutinized once again for their seemingly unwillingness to up the block size anytime soon. Various Bitcoin community members are getting annoyed with the current congestion issues plaguing the network. If the block size is increased, more transactions can take simultaneously, and there is no congestion to speak of. Moreover, this would allow for faster growth....
All of this goes to show the Bitcoin economy is rather unpredictable. Whether that is a good or bad thing, remains subject to debate for now. Network congestion is not uncommon in the Bitcoin ecosystem. Over the past few months, these incidents have occurred multiple times. Cryptocurrency users are then forced to pay higher fees if they want to see transactions completed normally. But now that the mempool has shrunk in size, why do people keep paying higher transaction fees? A rather worrisome and intriguing development. According to some statistics provided on Reddit, it has become....