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Have you seen any announcements from merchants, businesses, exchanges regarding downtime due to congestion? Probably not, because the spam-prevention mechanism
by grubles 9y ago
Have you seen any announcements from merchants, businesses, exchanges regarding downtime due to congestion? Probably not, because the spam-prevention mechanism built into Bitcoin by Satoshi themselves is working as intended.
On the flipside, you have Ethereum with more or less unbounded block sizes having issues with Cryptokitties congesting the entire network. Numerous entities using Ethereum are unable to do business due to the equivalent of Beanie Babies clogging the network [0][1].
[0] https://www.coindesk.com/ethereums-cryptokitties-blockchain-deluge-sparks-ico-delay/ https://www.coindesk.com/ethereums-cryptokitties-blockchain-...
[1] https://twitter.com/myetherwallet/status/874285733707526145 https://twitter.com/myetherwallet/status/874285733707526145
- heptathorp 9y agoIt's the same case for Ethereum. Blocks are bound by total gas, and you can ensure your transaction is included into a block quicker by paying a higher gas fee, if you are willing. For about $0.40 you can get an ETH transfer into a block in a couple of minutes. https://ethgasstation.info/ https://ethgasstation.info/