News Darknet markets, prized for their range of wares not commonly found on the clearnet, are back online. For the past three weeks, the most popular DNMs, including Dream and Aero, have been offline due to sustained DDoS attacks. Now, following a lengthy hiatus, the majority of markets are back online. There’s just one problem: with bitcoin transactions sometimes taking
Markets and Prices As news.Bitcoin.com reported earlier this weekend, bitcoin cash (BCH) markets have been on a rampage following the canceled 2MB hard fork event. BCH prices have increased three-fold since then, reaching a high of $1810 across global exchanges and has since dropped to around $1400. Alongside this, the network hashrate has also met parity with the BTC chain. Also
Technology Bitcoin markets have been on a tear lately, and the price has spiked quite a bit last month and into November. However, as bitcoin’s value surpassed $7K per BTC, transaction bottleneck and miner fees have risen again, causing users to complain about unconfirmed transactions and paying $5-10 per transaction. Also read: Ethereum Wallet Parity Hit by Second Critical Vulnerability –
A Twitter user named LaurentMT has been battling his very own “Moby Dick.” He implied the White Whale has come in the form of a spam attack on the network, which has caused blocks to consume too many utxos (unspent transaction outputs) in the system in recent weeks. The user commented on Twitter in a series of charts, primarily containing information on block size and utxos.
For about a week and a half, the Bitcoin network’s transaction congestion and rising fee market has subsided. People are now reporting on how they are sending transactions for smaller fees, and some of them are having difficulty with wallets that are recommending fees that are much higher than needed. Also read: The Decentralize Your Life Tour: An Interview With Derrick Broze Bitcoin’s