Transaction Backlog Hamstrings Ethereum
Slow transaction times caused by a backlog have caused several exchanges to put a hold on ETH transactions. Bitfinex tweeted it was suspending all ETH withdrawals “as the Ethereum network continues to experience extreme delays” until the network backlog subsides and they can reliably post transactions to the blockchain. CEX.IO tweeted the same thing, as did BTC-E, which cited the “unstoppable operation of the Ethereum network due to the network load.”
An update on June 20 from ShapeShift’s support site advised users not to submit a ticket if they have not received ETH or an ETH token, but to wait 24 hours. “The entire ETH network is backlogged and causing delays, however, most transactions are posting to the chain within 8-10 hours,” the site noted.
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US Government Seeks Blockchain Solutions for Contract Bidding System
The US government’s main logistical agency is looking at blockchain as a way to re-envision its contract review process. The General Services Administration is looking for a contractor to help it assess how blockchain could be integrated into FAStlane, a system launched last year as part of a broader effort to streamline how smaller companies, especially IT firms, bid on government contracts. The agency said on its website:
"The purpose of this RFQ is to obtain contractor support to develop a proof of concept for DLT (Distributed Ledger Technology), automated machine learning technology, and/or artificial intelligence based exchange implementation into GSA's Multiple Award Schedule (MAS) FAStlane new offer proposal review processes."
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Petition for Amazon to Accept Bitcoin and Litecoin
An Amazon customer made a petition directly addressed to its CEO Jeff Bezos to accept Bitcoin and Litecoin as mode of payments on the e-commerce platform. The petition which has been lodged through Change.org is mainly requesting the e-commerce giant to allow its users to pay for purchases on the site using cryptocurrencies. With the initial goal of 1,500 goal, it has managed to gather 1,438 supporters as of writing. While it got a few upvotes on Reddit, some the latter’s community members think it’s unlikely for Amazon to pay attention to the request since it has been historically hesitant to support cryptocurrency.
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