CEX.IO News Company updates

Ethereum Network Overload

, December 8, 2017

Currently, Ethereum memory pool is experiencing very high load due to the launch of a new CryptoKitties app. An Ethereum-based app uses the tokens to trade digital cats. It has gained extreme popularity among the users and led to the congestion of the blockchain. As a result, we are stuck with processing the transactions due to the issues on Ethereum blockchain.

What About Pushing Transactions?

Despite what some users think, increasing gas price won’t guarantee pushing of the transactions. On the contrary, it might lead to an even more significant overload of the memory pool.

Transactions Processing

ETH transactions processing will be resumed as soon as the network load reduces. We hope that we will turn back to normal operations within the nearest time as soon as we ensure everything flows smoothly. Still, we expect the systematic decision that will lead to the reduction of the load the network is facing now and might experience in the future.

Ethereum Trading

ETH trading is, nevertheless, available on CEX.IO. We welcome our users to trade until the problem with the network is solved, so we can safely finish all ETH deposit/withdrawal transactions.

To get the most recent updates about the situation, follow our official pages on Twitter and Facebook.

Related

CEX.IO News

GHash.IO Pool is Closed

We regret to inform you that we have stopped all mining on GHash.IO as of 12:00 GMT, October 24, 2016. Having operated since October 2013, GHash.IO has been one of the largest mining pools, working in tight conjunction with CEX.IO and offering cloud mining services. On behalf of GHash.IO, we sincerely

Oct 24, 2016 | 1 min read
CEX.IO News

CEX.IO Monthly Digest (April)

The past month saw changes in our ecosystem, several warm accolades, and a number of educational pieces in the spirit of sharing knowledge with our community.

May 03, 2023 | 10 min read
CEX.IO News

CEX.IO Status Update

In 2013, we have started CEX.IO with the mission to enable as many people as possible to participate in cryptocurrency markets. Making it easier and simpler for anyone to derive the value from the growing ecosystem was the major driver for all the business decisions we have made. Yet, maintaining the

Dec 22, 2017 | 4 min read