Ethereum Network Congestion !
If you have been trying to move some Ethereum in the past couple days, you might have noticed the unusually high Transaction fees required.
The average Transaction fees for Ethereum has been almost ten times the normal rate of Fees. This is absurdly high if you ask me. Now there is a problem underlying within since the average transaction fees is high users who have urgent business to deal are paying Premium rates over the already high Transaction Fees to get their transactions confirmed. This inturn leads to even higher transaction fees.
Personally I feel the Ethereum Network should implement some sort of Mechanism to counter this problem as this is a very big one.
@arunava it now 3 day transaction of my 0.5 eth is still pending m worried about it 😥
No need to worry it will go through but it may take a lot of time.
This really sucks .
yes it's now 4,5 days
Ethereum Network Congestion...!!
great news bro..
thanks for share
You got a 2.95% upvote from @emperorofnaps courtesy of @arunava!
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This post has received a 3.4 % upvote from @boomerang.
If i may ask, what's the cause of the network congestion?
This post has received a 1.28 % upvote from @booster thanks to: @arunava.
@arunava that problem is big . Tranzaction fees are more. So that creat problem
Yeah, a 0.1eth transaction of mine also still pending for hours 🤗