Amidst a planned hard fork update, Bitcoin Cash (BCH) network experienced difficulties processing transactions, as reported by cryptocurrency exchange BitMEX on May 15.
It appears as if there may be a problem with the Bitcoin Cash hardfork upgrade, the number of txs per block is low (0 in the last 9 blocks, other than the coinbase txn). Our mempool has 1622 txs
Below chart is number of txs per block and the orange line is the hardfork point pic.twitter.com/UR3jQuN6Zm
— BitMEX Research (@BitMEXResearch) May 15, 2019
After the expected fork at block 582,680, the BCH network purportedly started to experience issues with transactions. BitMEX stated that the number of transactions per block was low, 0 in the last 9 blocks starting at block 582,687.
As per CoinDance’s data, the greatest number of blocks mined after the upgrade was only processing transactions on Coinbase. Meanwhile, BitMEX revealed that their mempool had 1,622 transactions. After the community started to observe and report about the empty blocks, developers released a patch to fix the bug.
Earlier this month, reports surfaced that suggested that a single address was responsible for more than half of the bitcoin cash transactions in the previous month. The mystery account had made more than 587,000 transactions since it became operational on April 8 of this year.
Read more:Coinbase Extends Trading In USDC Stablecoin To 85 Countries
Image source – Pixabay.com
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