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BTC Transaction Surge Causes Service Disruption in Trust Wallet

Published 11/30/2023, 06:03 PM
Updated 11/30/2023, 06:15 PM
© Reuters. BTC Transaction Surge Causes Service Disruption in Trust Wallet
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  • Trust Wallet announced a disruption to its Bitcoin services caused by a surge in BTC transactions.

  • The wallet service provider said users may experience slow or failed Bitcoin transactions.

  • The increased BTC trade volume comes on the back of a market resurgence driven by ETF speculations.

Trust Wallet, the self-custody crypto wallet provider, announced disruptions to its Bitcoin services and warned users may experience failed transactions following a surge in activity on the Bitcoin blockchain.

In a post shared on X, Trust Wallet said the company is experiencing a BTC node issue caused by an increase in transactions per block on the Bitcoin network. As a result, there is mounting pressure on the nodes, which has caused instability across providers.

Furthermore, the announcement said users might experience missing transaction history for the Bitcoin-blockbook chain for up to 6 hours. In addition, Trust Wallet said some other users may see failed transactions.

However, the wallet provider assured followers that it is working to address the issue quickly. The surge in network activity on the Bitcoin blockchain follows an increase in investors’ con…

The post BTC Transaction Surge Causes Service Disruption in Trust Wallet appeared first on Coin Edition.

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