Blockchain Scaleability Problem

At its root, the blockchain is essentially a distributed ledger where every node in the blockchain keeps its own copy of this ledger. The idea here, is to minimise the chances of the ledger becoming corrupted by someone or group of people taking part in the network. This however, poses a challenge. As every service, computer or node has to keep its own copy, they all need to be synchronised at some point and, in order to do so, each node must process every transaction that occurs on the blockchain.

As the number of people using Bitcoin (or more specifically,  the blockchain) increases, the amount of processing required to compute all these transactions increases. It is the ‘miners’ who process these transactions and, like most people, don’t do this for free. That’s why, whenever you send Bitcoin from one wallet to another, you must include a fee (or should). This fee is the payment a miner will receive when they process your transaction for you. Now, the user (you) is left to decide what that fee should be at the time of sending. Most wallets will calculate that value for you but it is possible to set it too low and end up waiting a very long time for your transaction to be confirmed. Many sites that accept Bitcoin require a number of ‘confirmations’ before they’ll accept that the Bitcoin you sent them is a) yours and b) arrived.

Unfortunately, calculating this fee isn’t always easy. The amount you should include as a fee will vary depending on a number of factors, such as how busy the network (blockchain) is at the time. Set the fee too low, and you’ll be stuck in a queue waiting for longer than you might like. This queue is known as the ‘mempool’ and is a list of Blockchain transactions awaiting confirmation/processing by miners.

To reduce this time, you should set a fee that is realistic and meets your expectations of how long you’re prepared to wait. What that fee should be is the subject of another article – for now, we’ll stick to talking about the Blockchain Scalability problem. Part of this problem has been alleviated by the Lightning Network but in reality, it’s rarely as fast as it sounds. If you end up including to lower fee for the current state of the network then you still end up waiting longer that you’d like. There are a few technical solutions to this but they do require an understanding of blockchain principles. These methods include RBF (or Replace By Fee) and CPFP (Child Pays For Parent). If you don’t want to get involved with the technicalities, and have already included a fee of at least 0.0001 BTC/KB, then BTC Nitro can help accelerate your Bitcoin transaction.

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Our Feedback

Laura Gómez Fernandez
Laura Gómez Fernandez
2021-09-05
Feels like magic, my transaction wouldn’t get confirmed for days so I tried the premium feature. I was not sure if it would help, but just a few minutes ago I got an email from BTC Nitro saying that it was already confirmed! Thank you so much!!
Baurumtec
Baurumtec
2021-09-05
Does what it says! Super helpful!
Agnieszka Awrejcewicz
Agnieszka Awrejcewicz
2021-09-05
Thank you so much! My transaction was stuck for days so I decided to try the premium acceleration option because I was desperate. I got it confirmed in 2 hours!!!
José Carlos
José Carlos
2021-09-05
Premium version is even better! After a few months of using their excellent free boosting service, today I could try out the new premium acceleration service. My tx got confirmed in 27 minutes! Great job and thank you very much to all the BTC Nitro team :)
Apes Together Strong
Apes Together Strong
2021-08-11
My tx went unconfirmed for 3 days because of low fees but was confirmed immediately I contacted btc nitro and it's free of charge just send your tx
Zero Point Zero
Zero Point Zero
2021-05-18
I am grateful! Used there service and couldn’t be happier. My btc was stuck and now confirmed!! It really works. Thank you very much.
Camila Aira
Camila Aira
2021-05-06
Go BTC Nitro! I got my TX confirmed after more than one week of waiting. 3 hours after using BTC nitro and it’s done!
Anna Riley
Anna Riley
2021-05-05
As described really good system. Just works like it says it will.
FilmyRush
FilmyRush
2021-05-02
awesome site they really confirmed my very low fees transection very fast really appreciated for their support
Helena
Helena
2021-04-30
I contacted them today for my three days stucked transaction id 8e83e7a44ce302303202ba33433cf06a3bd5d61d5f3831a961abcf70f52b14e9, and it is yet to be confirmed. My fees weren't too low, 9.97 sat/vb. Reading positive returns here gives me hope. I will come back to edit and share my experience which i trust is going to be positive, and i will add the fith star! Unfortunately my transaction is still unconfirmed 12 hours later, two accelerations by btc nitro Edit: I finally got my transaction confirmed today. Many thanks to the support team. Five stars bling bling bling*****

Article: Bitcoin stuck in mempool

A few hours later it got confirmed, but I think thanks to a bitcoin accelerator that I found and used. https://btcnitrodev.wpengine.com
Should have looked before. This thing worked like a miracle. Next time if something like this happens I will be smarter. 😉

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