Congestion cause setbacks on several protocols but developments are already in the works.
Binance Smart Chain Experiences Lengthy Congestion Delays
Congestion on Binance Smart Chain (BSC) continued over the weekend, as users on BSC who endured the crypto crash across all chains saw frustrations grow when dealing with delays and failed transactions. The website Downdetector shows the first reported issues around 14:00 UTC on Dec.3rd.
Several protocols also saw delays in updates and other happenings due to the congestion and high volume on the chain. The congestion affected all different types of protocols, from larger play-to-earn games like HeroFi delaying updates to smaller, newer projects like Lucky Block delaying a token pre-sale.
A quick Twitter search for ‘Binance Congestion’ or ‘Binance Down’ will turn up responses from many frustrated users and groups:
– “It seems to be a Binance network congestion issue. Please be patient when sending support emails as the queue can sometimes be quite large,” tweeted Centric Official.
– “As the withdrawal time is calculated by blocks, the congestion status on binance smart chain will lead to the delay of withdrawal. Please wait patiently,” said @DNAxCAT_GAME to its 56k followers.
– “Due to the recent instability of the BSC Network, HeroFi has decided to extend the system upgrade time by 2 hours,” said HeroFi.
High volume across the chain is the main cause for delay, which should not be a cause for alarm.
PancakeSwap reminded all its users of what Binance CEO Changpeng Zhao explained regarding Binance’s incoming scaling solution from a recent Forbes Interview.
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CZ explained how Binance is building out the ability to make the BNB interoperable with multiple blockchains. CZ says this can make the whole system faster. Add in the recent deflationary and burning updates, and BNB appears to have an exciting future.
“There are actually teams working on third and fourth blockchains using BNB as a native coin. We could have one coin that’s the native coin of multiple blockchains; technically this can be done,” CZ told Steven Ehrlich of Forbes on Nov. 29.“But technically, architecturally they are very different. The Binance Smart Chain is using EVM compatible architecture. I don’t know what they did specifically, but they re-engineered a lot of back end to make it a lot faster.”
The congestion and scalability are certainly a long-term concern, but all other chains are also dealing with it. Binance indeed appears to have some creative solutions.
Source : bsc.news
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