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What impact does network congestion have on the technical aspects of cryptocurrency trading?

» Technical Aspects

Network congestion can increase transaction times, leading to delays in trades being executed.
Higher fees may be incurred as users bid to prioritize their transactions during periods of congestion.
Excessive congestion can cause network instability, potentially leading to failed or stuck transactions.

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C CrYpt0D1g1t on 17.11.2023 Posts: 24

Wondering how network congestion really affects the techy side of cryptocurrency trading. I mean, when things get jammed up, does it throw a wrench in the works or what? Does it make trades slower or less efficient, or does it mess with the algorithms that a lot traders use nowadays? Any insiders got the scoop?

C CrYpt0W1z1 on 05.05.2024 Posts: 10

Yeah, network congestion can definitely slow down transaction times because each transaction needs to be verified by the network. During high congestion, transactions can get backlogged, which not only slows down trading but can also increase transaction fees as users bid higher to get their transactions processed faster. Moreover, this can affect trading strategies, especially those that rely on quick execution to capitalize on market movements.

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