The Bitcoin Mempulum is packed to a record maximum of 120 MB
According to blockchain.info, the number of "jammed" bitcoin -transactions reached a record level of 160,000, doubling the size of the mempool from 60 to 120 MB, which is the highest level ever.
This occurs against the background of increased volatility in the bitcoin market. Within two weeks, the currency rose in price by $ 600 - from $ 1200 to over $ 1800.
Probably, the owners of bitcoins who did not apply for help on their savings in crypto currencies may have tried to implement their bitcoin to get significant advantages after the rapid price increase, which could lead to a rush that, in turn, would lead to a "traffic jam ", By analogy with the motorways at 9 am.
Bitcoin, being digital, is much more efficient in processing traffic, but it stuck in an endless debate about how to increase the bandwidth to handle increased transaction flow. And, it seems, while the community has not decided on the decision regarding scaling, similar precedents with "stuck" will continue, undermining Bitcoin's reputation.
Like a time bomb...
I love bitcoin but in my opinion these problems will not be solved in a short time and that is a good opportunity for Ethereum and Litecoin (and some other Altcoins)