Is the Bitcoin Network Running Smoothly ? - page 2.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: cryptok on February 26, 2017, 02:05:37 PM

I suspect blockchain improved the network recently so they got rid of 100000 unconfirmed transactions the last week.
The improvement means highest fees for us...

You suspect wrong. Fees has dropped since yesterday, now 140 satoshis/byte means your tx is included in the next block. Stop spreading your suspicions, they are not based on either knowledge or facts.

Use facts. https://bitcoinfees.21.co/

90% of the unconfirmed transactions was a spam attack on the network, which did nothing but scaring people who only know how to look at mempool size without understanding what it means - everything ran just as smooth as ever, fees were 160 sat at peak which means 54 cents for a simple transaction (or less if you could wait more than 10 minutes).

Bitcoinsummoner

hero member

Activity: 1386

Merit: 623

Maintain Social Distance, Stay safe.

As of now the bitcoin network is running good i can not say smoothly since the speed of transaction still not instant but as my experience you can receive confirm in few minutes if you are paying a good fee for every transaction depends in your transaction size..
And the advantage for now we have a new service right now that you can speed up your transaction using viabtc txid accelerator unlike before that we dont have any tools like this.

cryptok

newbie

Activity: 6

Merit: 0

I suspect blockchain improved the network recently so they got rid of 100000 unconfirmed transactions the last week.
The improvement means highest fees for us...

BingoDog

hero member

Activity: 658

Merit: 505

I think bitcoin network is one of the most reliable networks. It is running smoothly and without bigger issues or interruptions which suggests that is very well designed and prepared. Security is also good covered so let's hope it will continue so in the future too. And blockchain system waits for it's commercial implementation also.

7788bitcoin

legendary

Activity: 2282

Merit: 1023

So far bitcoin network has been running as it is designed... and no downtime (except for the 1 or 2 times when it first started)... I guess we can this "running smoothly"? I guess this is one of the main discussion point when we come to blocksize debate... status quo or increase size which may increase security risk...

BitcoinOffice

newbie

Activity: 6

Merit: 0

I'm not in a big hurry to do any further work on the network as long as many of you are doing great jobs for running the network system. There are more other things for me to do in order to accomplish the Bitcoin mission. Each person has a role to play and it is good to know how to play the role better as a community leader or lead developer. I have found a perfect solution to the double spending problem that is better than the exting one in the network broadcasting systyem. As many of you are thinking that small blocksize is a problem for more larger transactions so what is better is to implement a new mechanism that will enaible virtually unlimted transaction called 'multi-bits transaction model.' It is a system where bandwidth is not a problem at all but it rquires the TPIP in put in the Blockchain system to open new fuctionality that will enaible the unlimited transaction over a new protocol added to the old.

Xester

hero member

Activity: 994

Merit: 544

Quote from: BitcoinOffice on February 26, 2017, 08:51:03 AM

Is the Bitcoin Network running smoothly ?

I've been working on more complex ideas since last six and a half years; Yet I have not found the full solution to all the problems we were facing. But as we know now what we need to do in an emergency ? That is the main factor running the Bitcoin network smoothly. I have done an extensive exploration on various things, not only on the technical side but rather broader global economic and societal issues. Since the the Bitcoin has survived without my full supervision as long as some good and hard working developers have joined and have done their best to bring the Bitcoin project to it's current condition. I am glad to see that every one is doing their part to maintain the Bitcoin Network for so many years. This is a great success for us as whole. Therefore what I can say is many many thanks to all of you.

As of this moment bitcoin is running rough and not smoothly. This is due to the long confirmation of bitcoin transactions and the high mining fees that places burden to the consumers. We all hope that this issue may be solved faster and that may the miners can come up with a consensus sooner so they can adopt a system and increase the mining blocksize as soon as possible.

BitcoinOffice

newbie

Activity: 6

Merit: 0

Is the Bitcoin Network running smoothly ?

I've been working on more complex ideas since last six and a half years; Yet I have not found the full solution to all the problems we were facing. But as we know now what we need to do in an emergency ? That is the main factor running the Bitcoin network smoothly. I have done an extensive exploration on various things, not only on the technical side but rather broader global economic and societal issues. Since the the Bitcoin has survived without my full supervision as long as some good and hard working developers have joined and have done their best to bring the Bitcoin project to it's current condition. I am glad to see that every one is doing their part to maintain the Bitcoin Network for so many years. This is a great success for us as whole. Therefore what I can say is many many thanks to all of you.

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