What is network congestion?
What is network congestion?
When there are an abundance of transactions on the blockchain it creates a backlog, network congestion is the result.
The basic principle here is supply and demand – where there are too many transactions and not enough miners to confirm them.
Transactions that are awaiting confirmation are placed in a mempool (memory + pool) - or waiting room, until they are picked up and processed.
How does network congestion affect my transactions?
An unfortunate side effect of network congestion is that it can result in inflated mining fees, as demand outweighs the supply. A once competitive fee can be rendered low as miners will choose to mine transactions with higher fees as they are of more value to them.
The result is that newer transactions coming in with a higher fee are processed first leaving the rest pending as overall fee rates stabilize.
To ensure we maintain industry-leading timeframes; it is important to note that we process cryptocurrency withdrawals using a dynamic market rate for mining fees; however, when unexpected increases in network congestion occur, some transactions can be subject to minor delays.
Is it possible to speed-up a delayed transaction?
The speed at which deposits or withdrawals get confirmed is out of our control, the impact of which is typically felt when network congestion is high.
We do suggest that players diversify their payment methods using other cryptocurrencies which can help to reduce the impact of network congestion when it occurs (particularly with Bitcoin).
We have several cryptocurrency options available at Ignition, to see what is available in your account visit the cashier page; depending on your account status, Etheruem, Litecoin, Bitcoin SV, and Bitcoin Cash are options that can help you avoid the frustration of a delayed transaction.
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