Recently, BTC has been congested again. The unconfirmed transaction volume of the memory pool is up to 20,000. Some users said that their own transfer transaction had not been confirmed for two days. At the same time, transaction fees have also increased a lot. This proves once again that the BCH route without congestion and low fees is correct.
When can the BTC that is congested from time to time be unblocked?
For BTC, congestion is like a routine. It may still be normal in normal times, but whenever the computing power decreases and the transaction volume suddenly rises, its transactions begin to appear congested, there is a large backlog of unconfirmed transactions in the memory pool, and the handling fee of a few dollars will suddenly Into dozens, even hundreds. The problem of congestion has always plagued BTC, which has also become an important reason why many users are unwilling to use BTC.
As a popular cryptocurrency, BTC, don't you understand the problems caused by your own problems to users, have you never thought about changing?
In fact, as early as 2014 and 2015, BTC has begun to appear congested. Some developers and supporters hope that Bitcoin can be expanded according to Satoshi Nakamoto's ideas, but the core developers who lead the development of BTC are unwilling to do so, and a battle for expansion has broken out for several years. Especially in 2017, the congestion situation of BTC is terrible. Many famous merchants have chosen to no longer accept BTC payment because of BTC congestion. A large number of users have also abandoned BTC because of the long transaction confirmation time and high transaction fees of BTC. , BTC becomes very unusable. BCH was born in such an environment, by expanding the block capacity to solve the problem of BTC transaction congestion.
At the same time, due to the different core developer concepts, they chose to solve the congestion problem by building a lightning network off-chain. At present, the Lightning Network has been put into use after a long period of research and development, and it has indeed solved a small part of the congestion problem of BTC. At the very least, BTC has never experienced such large-scale congestion in 2017. But it is undeniable that the Lightning Network has not fundamentally solved the problem, and BTC will still be congested. The congestion in the first two days is the best proof.
For BTC, the current development work has not solved the problem of BTC congestion. As for when it will be solved, it can only be pinned on the attitude and work of its developers. However, there is a fact that BTC is losing support from more and more merchants and users due to congestion issues. Especially in the current bear market situation, congestion problems still occur, and many BTC supporters turn to support other cryptocurrencies.
BCH without congestion becomes the best choice for users
BTC's congestion time and time again proves that BCH's large block road is the right choice. After all, in the face of rising transaction volume, BCH has always given back to users with instant transactions and almost zero handling fees. And after many tests, even if BCH's trading volume shows an exponential growth, BCH will still maintain such a state.
Therefore, when BTC is congested again and again, it will only push users to other cryptocurrencies, and BCH will gain a large portion of users with BTC overflow. And the congestion of BTC also proves the error of its route. As a practitioner of the correct route, BCH will bring BCH a continuous stream of attention, users and funds.
The most important thing is that BCH has its own unique development path in addition to congestion like BTC. Its open attitude has attracted many developers to join in its construction, making many functions that cannot be perfectly realized on the BTC chain become a reality, such as smart contracts. This allows BCH to have its own uniqueness and competitiveness and be able to stand out in the future.
In addition, BCH has always put market demand and user experience first, and strives to become the best currency in the world. In the future, BCH will continue to stick to this path and continue firmly to bring more surprises to BCH supporters. BCH will also be the best choice for many users!
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