Why is bitcoin network congestion more common during peak trading hours?

3 answers

• Dec 25, 2021 · 3 years ago
  During peak trading hours, the demand for bitcoin transactions increases significantly. This surge in demand leads to a higher number of transactions being broadcasted to the network, causing congestion. As a result, the network becomes slower and transaction fees may rise. Miners prioritize transactions with higher fees, so if you want your transaction to be confirmed quickly, you might need to pay a higher fee during peak hours.
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• Dec 25, 2021 · 3 years ago
  Bitcoin network congestion during peak trading hours is a common occurrence due to the increased number of transactions being processed. The limited block size of the Bitcoin blockchain means that only a certain number of transactions can be included in each block. When the number of transactions exceeds this limit, congestion occurs. This congestion can lead to delays in transaction confirmations and higher fees as users compete to have their transactions prioritized by miners.
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• Dec 25, 2021 · 3 years ago
  During peak trading hours, the bitcoin network can experience congestion due to the high volume of transactions being processed. As more people buy and sell bitcoin, the network becomes busier and it takes longer for transactions to be confirmed. This congestion can result in delays and higher fees. To avoid these issues, some users choose to transact during off-peak hours when the network is less congested.
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