Trust Wallet, a wallet application frequently used by cryptocurrency investors, has issued a statement today concerning a problem related to BTC congestion via a social platform. This issue is particularly causing delays in transactions. Trust Wallet highlighted the details to alleviate users’ concerns regarding their transactions.
Trust Wallet pointed out that the increase in the number of transactions per block within the Bitcoin network has created pressure on the network, leading to instability with various service providers. The problem stems from the rise in transaction volume and the pressure of congestion.
The dedicated platform team at Trust Wallet is actively monitoring the situation and is committed to producing fast and effective solutions to maintain seamless services despite these challenges. In their statements regarding the issue, they noted that users might encounter missing information in their Bitcoin account summaries, which could last up to six hours.
Trust Wallet also emphasized that there could be examples of failed transactions during this period and conveyed the following message to its users: “We appreciate your understanding and patience as we carefully resolve the BTC congestion issue. Your trust in Trust Wallet is very valuable to us. We are committed to providing a safe and reliable crypto experience.”
The Bitcoin network can experience congestion due to high transaction volumes from time to time. In such cases, transactional load can cause problems with transfers, and the time required for Bitcoin to be received can be prolonged. Since users have very little recourse in this unfavorable situation, their only option is to wait for the transaction to complete.