Zero knowledge proof blockchain unconfirmed transaction
The curve does not go down to zero anymore. If the curve sometimes went down to zero, maybe transactions would eventually be approved. However, the last time the curve was lower than 10, was 2 May As a result there is a permanent huge backlog of payments which are simply no longer executed in any reasonable way. This looks like a permanently saturated network.
One year ago the norm would be to have just a few thousands of unconfirmed transactions waiting for being mined. Now the situation became MUCH worse: Some detailed statistics on waiting time vs. It is also clear that blockchain. Therefore the actual figures could be higher. Bitcoin has become a network where economic activity is taxed and a lot of small transaction will not happen at all. It is rather correct to say that the network can now only handle larger payments for the super wealthy and large transactions are executed, cf.
For ordinary users this means losing their bitcoins — in practice — for example most ordinary users of many mobile apps will not know how to recover their bitcoins from a backup of their private keys and app developers typically do not explain how to do it. If bitcoin loses in dominance who are the winners? This curve shows that each time in recent 4 years, bitcoin dominance is eroded, clearly, this has coincided more or less with an appreciation of one single currency.
First it was Ripple, then Ethereum, and very recently both at the same time [and few other]. Your email address will not be published. Currently you have JavaScript disabled. In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page. Click here for instructions on how to enable JavaScript in your browser. As the demand cannot be met, fees paid to miners went to the moon as shown on the graph below.
The Challengers If bitcoin loses in dominance who are the winners? Miner Tracing and Shutdown Backdoor.