KCN Confirmation queues on bitcoin blockchain
Channel: KCN News
Date: 2017-05-26

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Number of unconfirmed Bitcoin transactions keeps increasing, a lot of users are left frustrated. Blockchain Consultant, Timothy Suggs notes the possible reasons for the increased delays are exponential growth and acceptance of the platform and political reason. By political it means that, there are actors in the system sending thousands of transactions to themselves in order to add leverage to the block size debate. Suggs notes that to speed up their transaction time users can increase their fee or engage in what can be referred to as a round trip. For example, if you are using an exchange like Poloniex or Bittrex, simply trade your Bitcoin for an asset like Expanse and send it to your destination.

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