Unusual delays in the Bitcoin network lead to outstanding transactions and increase the voltage on the market

Unusual delays in the Bitcoin network lead to outstanding transactions and increase the voltage on the market

Warning: Unexpected delay in the Bitcoin network causes outstanding and unconfirmed transactions

In the Bitcoin network, there was an unusual event that attracts the attention of Bitcoin miners and users. Due to an unexpectedly long mining time of a certain Bitcoin block (BTC), transactions have accumulated and have not yet been confirmed. This is an unusual incident, since Bitcoin usually takes about 10 minutes to dig a block.

The time difference between the two blocks lasted by F2Pool and Foundry USA was about 95 minutes, which corresponds to a delay of 1 hour and 35 minutes. This has led to a number of outstanding and unconfirmed transactions that can be frustrating for many Bitcoin users.

It is interesting to determine that a similar incident occurred in October last year when there was a delay in block production. At that time it took about 85 minutes for a block to be mined. Such events raise questions about the stability and efficiency of the Bitcoin network.

Meanwhile, alternative cryptocurrencies such as Stellar (XLM) and Maker (MKR) gain dynamics. This is supported by a recent court ruling that had a positive impact on the market for digital assets. The prices of these old coins rise while Bitcoin is busy with his consolidation process.

on-chain analysis companies have pointed out that Bitcoin is currently undergoing a phase of consolidation. This is underpinned by a remarkably tight 14-day bitcoin price range of 6.38 %. It is interesting to determine that the trading range on July 19 was even narrower with 5.63 %, which indicates that there could be a significant price fluctuation.

crypto analysts speculate that the BTC consolidation could be on the verge of completion, since the demand for terminals continues to have an impact on the market. It remains to be seen how the Bitcoin network will react to these challenges and whether it will be able to normalize the mining process and confirm the outstanding transactions.