Trust Wallet, a prominent cryptocurrency wallet provider, is dealing with technical issues that have disrupted bitcoin transactions for its users. The company has identified a critical issue with its BTC node service that has resulted in delays and missing transaction histories on the bitcoin blockchain. The Trust Wallet team is actively working to resolve these issues, which stem from an unexpected surge in Bitcoin network transactions causing congestion and instability among node providers.
According to Trust Wallet, the increase in network traffic has placed a significant strain on nodes, exacerbated by bitcoin’s 1MB block size limit. This limit has created a backlog of unconfirmed transactions, with nodes prioritizing those with higher fees. As a result, users have experienced slower data propagation times and increased latency, straining the computing resources of the node network.
The issues began to surface yesterday, and as of today, Trust Wallet users continue to experience challenges. The glitches have affected the Bitcoin Blockbook system, which is used by wallets, including Trezor, for data queries.
