27 Oct '16, 5pm

Bitcoin Transactions Confirmation Delays

Were you one of those who experienced problems with getting confirmations on your Bitcoin transactions? Well, it was a general issue, at least recently when Blockchain had almost 50,000 unconfirmed transactions and the number is receding. The rush of complaints about transaction confirmations taking longer than usual comes at a time when the price of Bitcoin is edging closer to the $ 700 mark. As at the time of this publication, the price of the top digital currency stands at $ 687 and that’s about a 5 percent increase since the beginning of the week from $ 656 on Sunday Oct. 23. When these two coincide, there are bound to be speculations that they are, in a way, related. Rising Bitcoin price The rising price has been described as a micro bubble caused by short supply on exchanges. There are also suggestions that the surge in price could be because of the upcoming election...

Full article: https://cointelegraph.com/news/bitcoin-transactions-confi...

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