Ethereum congestion leads to Gas increase to $ 1 and suspension of new addresses for deposits in Bittrex

 The  blockchain of Ethereum has previously suffered some congestion in the  flow of their transactions, events that have collapsed their network in  other opportunities. This  phenomenon occurs due to scalability problems of the platform and the  increasing movement generated in the platform by the diverse  decentralized applications that are connected to its blockchain. A panorama that has collapsed Ethereum today.

Bittrex,  one of the largest cryptocurrency markets in the world - only being  overtaken by Binance and Bithumb - announced to all of its customers  through its Twitter account that it will suspend asset deposits in the  Ethereum network until further notice. to the increase in Gas prices, fuel used to drive applications in Ethereum.

The  exchange office would have found that a large number of network  transactions had not yet been confirmed, as well as that the transaction  fees had increased to 1 dollar per shipment from one address to  another, according to data from ETH Gas Station. An excessively expensive rate: 

— Bittrex (@BittrexExchange) January 6, 2018

Due to incredibly high gas prices, we're preventing new ETH and asset deposit addresses from being created. Existing deposit addresses will work as normal.

 Due to the incredibly high gas prices, we are preventing new ETH deposit and asset directions from being created. The existing deposit addresses will work normally, "said the merchant platform. The  user community considers that this suspension of service by Bittrex  could last a long period of time, since there are still many  transactions that are waiting to be confirmed.

According to the graphs shown by Etherscan, Ethereum would currently be traded 1.2 million daily transactions. These  numbers confirm the immense flow of data processed by this blockchain  due to the large number of large-scale decentralized applications used  by its networks, according to press sources. 

 This is not the first time that the Ethereum network is congested due to the flow of transactions of some app. The famous Cryptocurrency would have produced at its peak of popularity a 15% take of transactions across the network.

The  developers of Bankex, a platform that will be built on top of Ethereum  in order to decongest the network, would have explained that  decentralized applications had become one of Ethereum's biggest  problems: 

 

While it is harmless to the naked eye, the project has become a problem for the Ethereum ecosystem. Cryptocurrencys are multiplied, bought, sold, rented to breed. In other words, they are involved in millions of transactions, occupying the largest volume of Ethereum traffic (20%). This causes many transactions that had previously delayed seconds, currently take 10 minutes or fail completely. 

Bankex

 

Likewise,  during the most intense period of the Initial Currency Offers (ICO),  many of these financing initiatives would have managed to knock down the  functioning of the Ethereum platform, a situation that would have  become one of the largest in that time. problematic for the developers of this network.

Many  enthusiasts of Ethereum believe that one of the main failures of the  community are the few projects that have been developed to solve the  problem of constant congestion. However, this does not mean  that both the Ethereum community and developers of this initiative have  begun to work on the issue of scalability in order to achieve a  consensus proposal as soon as possible.

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