Network congestion arises when the volume of transactions submitted to a network surpasses its processing capacity. Various factors contribute to this phenomenon, including market volatility and intrinsic network characteristics like block size and block time.
As transaction submissions increase, the mempool can become inundated with unconfirmed transactions, particularly affecting blockchains with limited block size and block time capabilities.
Transaction surges can be triggered by sudden price fluctuations or waves of mass adoption. With blockchain technology anticipated to attract more users in the future, addressing network congestion becomes increasingly crucial for widespread adoption and usability, especially in facilitating real-time, everyday transactions.
Although network congestion presents significant challenges, the community persists in developing solutions to mitigate these issues. This focus on enhancing blockchain scalability underscores the forefront of industry research.
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