Bitcoin unconfirmed transactions reached 200,000 - This is why your transaction is stuck

There are 200000 unconfirmed transactions in Bitcoin atm and it maintains developing. You need to pay as a minimum $1 price if you want to get your transaction through quick, and that is for the smallest feasible transaction (1-2 inputs and 1-2 outputs MAX). in case you are a merchant like me and feature masses of addresses and also you want to consolidate them every so often, you're screwed.

this is additionally in reality awful for my commercial enterprise. If humans need to buy a VCC that fees $5 they'll ought to pay $1 to send them (20% fee). The transaction may not even get showed immediately, and at a fee like that you might anticipate it to be.

viaBTC's tx accelerator is also caught. The submissions are getting crammed up in the first minute after getting reset. They do allow handiest one hundred loose submissions in step with hour (iirc).

The previous few times this occurred we concept it was awful, however it only receives worse. The expenses are becoming pushed up higher and higher.

I understand Bitcoin has the first-mover gain, however will it be sufficient to continue to exist some of the several other altcoins that don't cripple their own community?