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System malfunctions.

Posted by luba66 Lyubov Sultanova on May 11, 2021 - 5:34pm


Decentralized exchanges (DEX) running on the Binance Smart Chain (BSC) platform have recorded system failures.  One of the problems is the inability to make transactions on the network

 On Monday, May 10, users of decentralized exchanges and services powered by Binance Smart Chain experienced network delays.  To confirm the transaction, it was required to manually increase the speed through Metamask.  The Ethereum blockchain regularly faces the same problem during periods of high load.

 BSC fell victim to its own popularity

 The editorial staff of BeInCrypto BR tried to conduct transactions for different BUSD amounts in TrustWallet using BSC, but they did not receive confirmation from the network, which led to errors.  By the end of the day, transaction confirmation resumed, but the network was still unstable.

 Problems on Binance Smart Chain

 SafePal Wallet, a cryptocurrency wallet integrated into Binance Smart Chain in 2020, was one of the first to tweet the issue.  The company said that overloading BSC negatively affects the operation of all services, including displaying BSC balance, transfers and orders.

 

 

 About an hour later, PancakeSwap, the largest DEX on the network, also tweeted the problems, noting that the congestion could be due to the failure of some nodes.  For a while, seven of the 21 BSC nodes went offline.

 "The BSC nodes appear to be experiencing problems, leading to transaction failures and slowdowns," the message says.

 Experts advised switching to other services, or trying to increase the gas up to 10+ Gwei.

Sincerely, Lyubov Sultanova.

Bill Rippel Thanks for informing us on the Binance system failures. Not good news. Hopefully the service techs can work it out very soon.
May 12, 2021 at 2:12pm
Simon Keighley Thanks for the update regarding Binance Smart Chain's nodes that appear to be creating system failures, Любовь - some tweaking need to be done here.
May 12, 2021 at 7:42am
Svetlana N thanks for the info
May 12, 2021 at 4:55am
Gerald Roberts That doesn't sound like very good news, however, there's going to be some bugs as we move forward, the network engineers have some tweaking to do. Good read
May 12, 2021 at 1:34am
Corneliu Boghian good info , thanks
May 11, 2021 at 6:51pm