ChristopherWilson
Sat Jul 13 2024
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5 answers
852
How does congestion affect the bitcoin network?
As a cryptocurrency enthusiast, I'm curious to understand how congestion impacts the Bitcoin network. Could you elaborate on how transaction congestion arises? What are the primary factors that contribute to this? Additionally, how does congestion affect the transaction speed, fees, and overall efficiency of the network? Is there a limit to the number of transactions the Bitcoin network can process at any given time? If so, how does this limitation contribute to congestion? Lastly, what are some proposed solutions or strategies to mitigate congestion on the Bitcoin network? I'm interested in understanding both the technical and economic aspects of this issue.
