© Reuters.
Trust Wallet, a popular cryptocurrency wallet provider, is grappling with technical issues that have disrupted transactions for users. The company has identified a serious issue with its BTC node service, resulting in delays and missing transaction history on the Bitcoin blockchain. The Trust Wallet team is actively working to resolve these disruptions, which stem from an unexpected increase in Bitcoin network transactions causing congestion and instability among node providers.
Trust Wallet said the increase in network traffic has placed a significant burden on nodes, exacerbated by Bitcoin’s 1MB block size limit. This limitation has created a backlog of unconfirmed transactions, with nodes prioritizing those with higher fees. As a result, users experienced slower data propagation times and increased latency, putting a strain on the node network’s computational resources.
The issues started appearing yesterday and as of today, Trust Wallet users continue to face challenges. The glitches affected the Bitcoin Blockbook system, used by wallets, including Trezor, for data queries.
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