Bitcoin politics is to blame for the transaction congestion, someone deliberately sent a large number of transactions to themselves

As the number of unconfirmed Bitcoin transactions continues to rise, many users are frustrated, either because of high fees or long transaction delays.

Most users are looking for ways to advance their delayed transactions. Some choose online services that claim to speed up transaction confirmation, while others choose to use platforms that they believe will provide an opportunity to broadcast these transactions to the mining community.

Confirmation of the reason for the delay

Finding a solution to transaction delays starts with identifying the root cause of the problem.

With a market cap of over $32 billion and a daily trading volume of nearly $1 billion, it’s clear that Bitcoin usage has seen a significant uptick, as reflected by the cryptocurrency hitting new highs above $2,000.

Despite the rise in Bitcoin usage and transaction volume, the explosive growth in the number of unconfirmed transactions has also attracted attention from some quarters.

In informing users on how to efficiently and frictionlessly transfer value, Timothy Suggs of Blockchain Consultant pointed out possible reasons for the increase in transaction latency.

Suggs said:

“Bitcoin transaction times are lagging for a variety of reasons, one being the exponential growth in the number of users and transactions on exchanges, and another being politics. By politics, I mean people in the Bitcoin network sending thousands of transactions to themselves, fueling the scaling debate.

How to speed up transaction confirmation

However, Suggs noted that to speed up transaction confirmations, users can increase fees or use a method called "round trip." For example, if you are using an exchange like Poloniex or Bittrex, you can trade Bitcoin for an asset like Expanse and then send it to your destination.

He said:

“If ETH doesn’t have the same transaction congestion as Bitcoin, then I would recommend using ETH as an alternative, but ETH’s transaction backlog also exceeded 3,000 a few days ago.”

Bitcoin and cryptocurrency trader Robert Kucharski expressed support for using ETH as an alternative.

Kucharski said directly:

“In my opinion, the simplest way to solve this problem is to sell Bitcoin and use ETH to transfer assets.”

Dynamic Fees

Jason Cassidy, president of Crypto Consultant, believes that the only way for Bitcoin users to confirm transactions faster is to pay fees. Cassidy pointed out that from the perspective of miners, higher service fees can motivate them to package transactions into the next block.

Cassidy said:

“One way to ensure this is to send transactions from your Bitcoin wallet with dynamic fees. If a transaction is urgent, you may be able to manually set the fee to ensure that miners will include your transaction in the next block. Ultimately, it all depends on the fee you set for each transaction.