The Bittrex platform stopped issuing new deposit addresses for ETHEREUM due to network congestion

The Digital Forex trading platform Bittrex, the third largest trading platform for digital currencies in the world market after Binance and Bithumb, temporarily halted the issuance of new deposit addresses for the throma because of the recent congestion on their own Plasocchin network.

Network congestion
According to the statistics on the Etherscan website, the daily ethno network handles more than 1.2 million trading operations, thus making more payments than all other digital currencies and all of the Belkchen networks combined, including the composition. The Etherium network finds itself forced to trade more than the rest of the other Balokqin networks, which is because it serves as the primary protocol for other widespread decentralization applications. Applications such as Cryptokitties and Etherdelta to put a heavy load on the ETHEREUM network, which are owned Many active users who ask for a lot of trades every day. The newly introduced BANKEX developers explained the first practical application of the two plasma-layer solution proposed by Buterin:

"This project, which at first glance is innocent, has now become a problem for the ETHEREUM system. These cryptokitties also multiply, and then they are sold, bought or leased to double again. In other words, they participate in countless trades, which consumes a considerable amount of movement The ethylene is 20%. This slows down trading processes that took a few seconds for about 10 minutes, or this could cause these operations to fail completely. “

The congestion in this ethno network, which is attributed to the growing popularity of the decentralized applications activity, may be solved by expanding the range to two layers and by solutions such as Plasma, Sharding and Casper. However, Joey Krug, the co-founder of Augur, noted that the number of developers working on the core of the proteium is never sufficient. The co-founder of Theorium Vitalik Buterin also stated that this expansion work could take a period of 2-5 years.

Thank you for reading this, and i hope you enjoyed it.