Topic: Delays in transaction -ETH and ERC20 (Read 582 times)
Well, it's hard to say what's going on there. Maybe because of the constant exchange rate drainage coefficient adjustment occurs and it affects the progress of the transaction.
In my opinion, there were some problems, but they were eliminated and next year promised to increase the speed of transactions.
There have been several cases of a very heavy load on the Ethereum network, for example, crypto-seals or the launch of the Tezos ICO, from this we can conclude that the main delays occur during mass transfers and often during popular and large ICO's.
Perhaps the creators have organized a not yet very powerful platform for this, or expectations on demand were much less.
This is a problem of system overload ETH network, more and more the ICO was created on the foundation of the ETH. The increased number of users is growing, while the number of transactions on the network do not increase. That, as the system is slow and continuous increase fees GAS. ETH user will lose because of this, if this situation continues
Dear all,
I also meet the same status. I think that the crypto world need to find out the more high technology to improve the speed of transactions. At that time, everyone will beleive it so much. We hope that and good luck to the crypto world.
They have found their own ways to fix that problem. So many major altcoins have prepared the scalability proposal to be implemented. It's just the matter of time until all of them will have their own solution to fix their scalability problem and i suggest you to be patience for that but this time ethereum network looks normal I also meet the same status. I think that the crypto world need to find out the more high technology to improve the speed of transactions. At that time, everyone will beleive it so much. We hope that and good luck to the crypto world.
Because ETH is a popular cryptocurrency, many investors invest in this cryptocurrency. And I also want to do the same as these many.
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I've tried to make a transaction wit really low GWEI number, but i think it doesn't take to long until the transaction i've made done.
Perhaps there is some matter that makes the transaction delayed for that long.
You're commenting the thread/topic right now it's already outdated by the fee standart, back then in july the network is so crowded the gas required for transfer is peaking but now the fee is really lowPerhaps there is some matter that makes the transaction delayed for that long.
that means the network is at normal condition so your transaction is not going to be delayed that long.
ETH is outdated networks, and more transactions. ETH need upgrading to meet new requirements. Such a situation, it is difficult
I've tried to make a transaction wit really low GWEI number, but i think it doesn't take to long until the transaction i've made done.
Perhaps there is some matter that makes the transaction delayed for that long.
Perhaps there is some matter that makes the transaction delayed for that long.
Transmission is a lot of delay right now when you use gas in your Myetherwallet for a little bit more because your gas will cost you more to make a transaction faster.
Dear all,
I also meet the same status. I think that the crypto world need to find out the more high technology to improve the speed of transactions. At that time, everyone will beleive it so much. We hope that and good luck to the crypto world.
I also meet the same status. I think that the crypto world need to find out the more high technology to improve the speed of transactions. At that time, everyone will beleive it so much. We hope that and good luck to the crypto world.
The main reason behind the higher transaction fee by the ethereum network is probably by the network congestion of ethereum. When many users make transaction in ethereum at the same time. The network fee will gradually increase because it is subjected to be a gas war. If you are in to this, better just wait until the network calms again.
There has been s much strain on the ethereum network causing an increase in transaction fees and delays in transactions.Why so much delays,my transaction has been stuck for over 6 hours now.
As already suggested in replys above, before initiating your transaction you should check the appropriate GWEI prices from ethgasstation it gives you an approximate timeline under which your transaction will complete. I usually dont go for high/fast GWEI and the medium works well for me. However, when the network is super congested like we saw during cryptokitties days or during ICO of Bancor or status, those are the times I try not to make any transactions as the time it takes even goes for hours and sometimes goes dead and you have to re-initiate your transaction
ETH will continue to have bottlenecks in the future except an update is made to improve the scalability. The transaction fees are almost 2x the value it was a year ago. I think with more dapps and platforms launching on Ethereum's blockchain, amd all of them taking some share of the resources , I think It would only get worse with time.
They had serious spam attacks in early summer. But it was all temporary and now the number of transactions returned to the previous level (about 85 000 per second)
High cost Transaction fee does come whenever we have clog transaction and this is not the first time this will be happening and won't be the last. Just that it will definitely affect so many people at the wrong time but i don't see anything we can do about it untill it stables back
The network is congested. There are a lot of garbage transactions, periodically there are spam attacks on the Ethereum network. All this leads to delays in confirming transactions.
Cryptocurrency is very popular and because of the large number of transactions software is hard to cope with such a load.
Such problem is not so significant if your volumes are so high and I think you should be more patient because of making losses much lower that they could be.
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