Ethereum: Bitcoin still stuck at zero confirmations, network propagation rates cause concern
In a shocking turn of events, the Ethereum blockchain has once again fallen victim to the infamous “confirmed block congestion” issue that has plagued Bitcoin and other leading altcoins. Despite sending the same batch of transactions from my own wallet to another wallet just 6 hours ago, I am still waiting for those blocks to be confirmed.
As a result, my original transaction is stuck at 0 confirmations on the Ethereum blockchain, with network propagation rates hovering around 0-1%. This means that even with recommended fees set correctly, it takes ages before I see any progress or confirmation from the network.
I have rechecked my transactions and verified all the details, but it seems like there are no issues with the data. However, when I try to retrieve the transaction history from the Ethereum blockchain explorer ( I am met with an empty blocklist.
This is not only frustrating for me as a user, but also raises concerns about the overall health of the Ethereum network. With less than 1% propagation rates, it is clear that there are significant issues with validating and verifying transactions on the blockchain.
Further analysis suggests that the issue could be related to high gas prices or inadequate scalability solutions that can cause congestion and slow down the transaction process.
I am reaching out to the Ethereum community, developers, and experts in the field for guidance and insight on how to resolve this issue. I urge anyone with knowledge of these issues to share their expertise as we work together to resolve this critical problem before it is too late.
Update:
Since my initial article, I have received some feedback from other users experiencing similar issues with the Ethereum blockchain. While not all of them were able to resolve their issues immediately, there is a sense of urgency and concern among these community members.
I would like to inform everyone that I will be working closely with the Ethereum team to explore potential solutions and provide an update in the next few days. In the meantime, I would like to encourage readers to share their own experiences and suggestions on how to resolve this issue.
Stay tuned for further updates:
As more information becomes available, I will update you on the progress in resolving this critical issue. If you have any questions or concerns, please feel free to reach out in the comments section below.
Thank you for your attention and let’s hope we can resolve this issue together before it impacts anyone else’s transactions!