Transaction Backlog Hamstrings EthereumsteemCreated with Sketch.

in #steemit • 7 years ago

Slow transaction times caused by a backlog have caused several exchanges to put a hold on ETH transactions. Bitfinex tweeted it was suspending all ETH withdrawals “as the Ethereum network continues to experience extreme delays” until the network backlog subsides and they can reliably post transactions to the blockchain. CEX.IO tweeted the same thing, as did BTC-E, which cited the “unstoppable operation of the Ethereum network due to the network load.”

An update on June 20 from ShapeShift’s support site advised users not to submit a ticket if they have not received ETH or an ETH token, but to wait 24 hours. “The entire ETH network is backlogged and causing delays, however, most transactions are posting to the chain within 8-10 hours,” the site noted.

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