Bitcoin Network Still Backlogged With Tens of Thousands of Unconfirmed Transactions, Causing Delays

By July 7, 2015Bitcoin Business

bitcoin mining network use Over the past 24 hours, the blockchain has been inundated with small, spam-like transactions that are large in data size, but significantly small in bitcoin value transferred.

At the peak, there were more than 50,000 unconfirmed transactions waiting to be mined into a block, resulting in delays for normal transactions to be confirmed. While the network has been working to decrease this backlog — transactions are down to 31,000 at time […]

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