Any altcoin can face congestion. During the 2021 altcoin rally I faced congestion even in BSC as well as on polygon matic and of course Ethereum too.
I remember in matic especially, due to some specific NFTs and shitcoins going on auction on-chain, the nodes would fail from how huge the mempool would become and their admins had to manually restore them. Many people ended up running their own nodes and front-running became a big issue too.
Weirdly enough, coins with a higher TPS capability handle congestion even worse than BTC. Having a TPS of 7 or so, st least it's stable. 🫡
Topic: Altcoins Also faces Congestion? - page 3. (Read 319 times)
Bitcoin been the king in the crypto world is facing a very severed congestion problem and things are not working well with businesspeople that doing business with bitcoin and small-scale businesses that are accepting bitcoin for transaction so in the period there are some altcoins can use the opportunity to skyrocket their coins. And if altcoins do well in this period, then they will make a lot of money as profit because many customers of bitcoin will join the most performing altcoin (s).
Now a question arises again in the mist of the bitcoin network congestion. Since Altcoins are depending on bitcoin on any necessary upward movement, does it mean that altcoins network also congesting to produce high transaction fees? This has been in my mind for sometimes so I decided to ask it today. Have you heard of it because I have not heard of it. Or the congestion is for all the cryptocurrencies?
Now a question arises again in the mist of the bitcoin network congestion. Since Altcoins are depending on bitcoin on any necessary upward movement, does it mean that altcoins network also congesting to produce high transaction fees? This has been in my mind for sometimes so I decided to ask it today. Have you heard of it because I have not heard of it. Or the congestion is for all the cryptocurrencies?
This is simple to think of. Let's use road traffic congestion as it would be a better example. Traffic congestion will happen to any road irrespective of what city or country the road is in. Once any vehicles start using that route, the route gradually becomes slower. However, if the road was bigger (even though it isn't in a big city), it would accommodate more vehicles and the traffic would be either greatly reduced or may not even exist. So, it's not about Bitcoin as any blockchain can face it; it depends on the scalability of the blockchain.
congestion could always happen to any altcoin, some altcoin are increasing their tps by high margin nowadays but doesn't mean they are congestion proof, remember those L2 with high tps for the sake of reducing burden off ethereum main blockchain, they got congested too when L2 was still realy hypes, same with other coins, its just that the other altcoin aren't yet tested, the fact that altcoin's blockchain mostly based around smart contract blockchain with EVM and little modification meaning its gonna be more or less the same like ETH, too much interacting with the smart contract by people would lead to congestion.
but it comes again with whether the altcoin itself could even get that populated to get congested, so many altcoins out there with their innovation aren't really getting any meaningful number of project deployed in their blockchain that their supposed high capability of their blockchain are just simply wasted, many people would still prefer ethereum because it is more popular and getting liquidity is easier.
but it comes again with whether the altcoin itself could even get that populated to get congested, so many altcoins out there with their innovation aren't really getting any meaningful number of project deployed in their blockchain that their supposed high capability of their blockchain are just simply wasted, many people would still prefer ethereum because it is more popular and getting liquidity is easier.
Bitcoin been the king in the crypto world is facing a very severed congestion problem and things are not working well with businesspeople that doing business with bitcoin and small-scale businesses that are accepting bitcoin for transaction so in the period there are some altcoins can use the opportunity to skyrocket their coins. And if altcoins do well in this period, then they will make a lot of money as profit because many customers of bitcoin will join the most performing altcoin (s).
Now a question arises again in the mist of the bitcoin network congestion. Since Altcoins are depending on bitcoin on any necessary upward movement, does it mean that altcoins network also congesting to produce high transaction fees? This has been in my mind for sometimes so I decided to ask it today. Have you heard of it because I have not heard of it. Or the congestion is for all the cryptocurrencies?
Most likely that some altcoin also may be experiencing network congestion just like what is happening with Bitcoin network, although sure there are some coins which have become most preferred due to low fees and free network for transactions, so for such coins yes this is the best time to prove their relevance in the market as best alternative for Bitcoin. Now a question arises again in the mist of the bitcoin network congestion. Since Altcoins are depending on bitcoin on any necessary upward movement, does it mean that altcoins network also congesting to produce high transaction fees? This has been in my mind for sometimes so I decided to ask it today. Have you heard of it because I have not heard of it. Or the congestion is for all the cryptocurrencies?
But then also, most business that uses Bitcoin also should become more aware of the ability of the Bitcoin tightening network, to solve the current Bitcoin network connections, so instead of looking for alternative coins, why not get a lighlightningwork set up and receive transactions through that.
Bitcoin been the king in the crypto world is facing a very severed congestion problem and things are not working well with businesspeople that doing business with bitcoin and small-scale businesses that are accepting bitcoin for transaction so in the period there are some altcoins can use the opportunity to skyrocket their coins. And if altcoins do well in this period, then they will make a lot of money as profit because many customers of bitcoin will join the most performing altcoin (s).
Now a question arises again in the mist of the bitcoin network congestion. Since Altcoins are depending on bitcoin on any necessary upward movement, does it mean that altcoins network also congesting to produce high transaction fees? This has been in my mind for sometimes so I decided to ask it today. Have you heard of it because I have not heard of it. Or the congestion is for all the cryptocurrencies?
Now a question arises again in the mist of the bitcoin network congestion. Since Altcoins are depending on bitcoin on any necessary upward movement, does it mean that altcoins network also congesting to produce high transaction fees? This has been in my mind for sometimes so I decided to ask it today. Have you heard of it because I have not heard of it. Or the congestion is for all the cryptocurrencies?
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