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Bitcoin Network Strain Low Amid High Transaction Volume

Published 10/31/2018, 01:19 PM
Updated 10/31/2018, 02:20 PM
© Reuters.   Bitcoin Network Strain Low Amid High Transaction Volume

Although Bitcoin’s price hasn’t been much to look at in recent days, its infrastructure appears prepared to handle any number of transactions that enter the network.

As many analysts have predicted, the BTC network’s hashrate started to plateau, but even better news appears to be coming from data with regard to its 24-hour transaction volume and mempool, according to Mati Greenspan, senior market analyst at eToro, in an email to Cryptovest.

“The number of transactions on Bitcoin’s blockchain continue to increase at a steady pace, now looking at an average TPS rate of about 2.9. Nonetheless, by looking at the number of unconfirmed transactions (mempool...


This article appeared first on Cryptovest

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