Trust Wallet Grapples with Bitcoin Node Issues Amid Rising Transaction Pressure
Trust Wallet, a widely used cryptocurrency wallet, is currently encountering issues with its Bitcoin nodes, which the company attributes to an increase in transactions per block on the Bitcoin network.
This surge in transaction volume is reportedly causing instability among various node providers, leading to technical difficulties for Trust Wallet users.
The primary impact observed by Trust Wallet users is the potential disappearance of transaction history for the Bitcoin-blockbook chain, which could last up to six hours, as well as the occurrence of failed transactions. The company’s platform team is actively monitoring the situation and implementing measures to resolve these challenges.
📢 Important BTC Node Update— Trust Wallet (@TrustWallet) November 29, 2023
Dear Trust Wallet Users,
We want to inform you that we're experiencing a BTC node issue. Here are the details:
Cause: Increased transactions per block in the Bitcoin network are putting pressure on nodes, causing instability across providers.…
This development underscores the growing pains of the Bitcoin network as it handles an increased number of transactions. Such issues highlight the need for continuous improvements in the scalability and stability of blockchain technology, especially as digital currencies become more mainstream.
Wallet has expressed its commitment to addressing these issues swiftly and efficiently. The company has reassured its user base of its dedication to ensuring reliable service and maintaining the trust that users have placed in their platform.
Trust Wallet is actively working on the situation and anticipates providing further updates to keep users informed and address these technical challenges.
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