Bitcoin News 6 July 2017 – Bitcoin Network Congestion Easing Ahead of SegWit2X

Bitcoin News Today – The major stories as follows:-

Unconfirmed Transactions Queue and Bitcoin Fees Drop Considerably – averaging roughly 7,000 to 15,000 unconfirmed transactions per day. Just a few weeks ago 200,000+ transactions held up in the mempool – some of these transactions taking days to confirm.  The transaction delays and higher fees highlighted the need for Bitcoin to scale urgently. A date of 1 August 2017 has been set for the implementation of SegWit2X.




Litecoin Crosses $1B in Trading Volume – Litecoin volume and price has been increasing steadily since the implementation of SegWit.


South Korean Bitcoin Exchange to Pay Back Users After Account Thefts – this seems to be a growing trend for Exchanges to pay back their users if their cryptocurrency has been compromised


Encryption of Things, known as the EOT Token has just hit the ground and is taking the Cryptocurrency world by Storm. EOT uses the Bitcoin source code with a few modifications such as 90-second blocks which promote fast transaction time.

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