News “Bitcoin “suspended block production” for more than 1 hour! Serious congestion of BTC network |

2023-05-08 14:23:54

(background supplement:Bitcoin suspends block production for 1 hour! For the first time after 2021, “handling fees exceed block rewards” miners’ income doubles

according to BTC.com datashow, the Bitcoin network stopped producing blocks for more than 1 hour and 5 minutes after the output of block height 788,791, and resumed block production at 22:06:1 on the 8th Taiwan time, and the block transaction volume reached a high point of 26,013.70426863 BTC. As of the time of writing, 3 blocks have been produced, and the block rewards are more than 12 BTC.

Source: BTC.com

The main reason is speculated that the Ordinals NFT and BRC-20 tokens of the Bitcoin ecosystem have recently set off an upsurge, resulting inBitcoin network severely congestedit is rare for Bitcoin today that the block fee income exceeds the block reward, and this morning at the Bitcoin block height of 788703, an empty block was dug out, and in the afternoon there was an abnormal state of “suspended block generation” .

Further reading:After two and a half years of Bitcoin, there was a “block length 2” fork, and 9.86 BTC attempted double spending

????Related reports????

Blockchain Science | Why do Bitcoin miners “pack empty blocks”?Network congestion is not the cause

After two and a half years of Bitcoin, there was a “block length 2” fork, and 9.86 BTC attempted double spending

After Bitcoin BRC-20 and ORC-20, the new BRC-21 is here!

1683586418
#News #Bitcoin #suspended #block #production #hour #congestion #BTC #network

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.