In the course of a planned hard fork update, the bitcoin cash network experienced difficulties processing transactions, cryptocurrency exchange BitMEX tweeted on May 15.
Following the expected fork at block 582,680, the network purportedly began to experience issues with transactions.
BitMEX said that the number of transactions per block was low - 0 in the last 9 blocks starting at block 582,687.
In the meantime, BitMEX revealed that their mempool had 1,622 transactions.
Following comments from the community regarding empty blocks, developers appear to have released a patch to fix the bug.
In April, Cointelegraph reported that bitcoin SV - the result of the hard fork of bitcoin cash last November - was struggling with its large block size following a series of block re-organizations.
In the comments to its finding, BitMEX explain then that it detected two valid competing chains, with a split occurred at block 578,639.
At the time, BitMEX's node reportedly followed the chain on the left until block 578,642, which further leapt to the right.
Earlier this month, news broke that a single address was responsible for more than half of the bitcoin cash transactions in the previous month.
At press time, bitcoin cash is the fourth largest cryptocurrency in terms of market capitalization on CoinMarketCap.
Bitcoin Cash Experiences Bug During Scheduled Hard Fork Upgrade
gepubliceerd op May 15, 2019
by Cointele | gepubliceerd op Coinage
Cryptocurrency exchanges see massive increase in monthly trading volume, bull market solidifying
CryptoCompare, a leading provider of cryptocurrency data and indices, found that the top 15 exchanges all experienced an increase in monthly volume.
Worldwide crypto acceptance is within reach thanks to Coinbase Commerce's USDC stablecoin integration
Crypto as a method of payment has just gotten easier.
Zimbabwe Stock Exchange Eyes Blockchain-Based Products, Needs Regulatory Clarity
"Then there is the money side to blockchain technology. This is a bit difficult, in terms of regulation, we are not yet clear on this and we do not want to do something where regulation is not clear as an exchange. But the technology side is very good."
UK Watchdog Reports $34 Million Lost in Crypto and Forex Scams Last Year
The primary financial regulator of the United Kingdom, the Financial Conduct Authority, reports that crypto investors in the country lost over $34 million due to cryptocurrency and forex scams from 2018-2019 the Financial Times reports on May 20.According to the data, which the FCA gathered from the U.K. national fraud and cybercrime reporting center, Action Fraud, individual loss due to scams decreased from $76,000 to $18,500 while total losses fell by $14 million.