• About
  • Contact
Friday, June 24, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Dogecoin Demand Crashes WazirX Platform, Delays Transactions

Abdul Kadir Khan by Abdul Kadir Khan
October 12, 2021
in Cryptocurrency
Reading Time: 2 mins read
A A
0
Wazirx Logo

WazirX : NBB

Indians investors’ Cryptocurrency love is surging day by day. Investors are showing more interest in Dogecoin Cryptocurrency due to its less value and more return. As per the reports, Dogecoin saw a 10 times surge in its value over last month.

Due to a surge in Dogecoin price, WazirX recorded a massive jump in its traffic. The online platform is one of the largest cryptocurrency exchanges in India but could not handle such huge traffic. It resulted in transaction failure and delay in processing.

Why WazirX Platform is Facing Technical Issues?

Dogecoin Cryptocurrency is having a dream run for the last month. A sudden surge has forced Indian Cryptocurrency investors to invest in Dogecoin. Since WazirX is one of the authorized and trustable online platforms for Cryptocurrency exchange in India, investors flooded the online platform with plenty of transactions from all corners of the world.

WazirX could not handle the users’ demands properly. It crashed many times. Some investors complained about transaction failures while others reported that the processing is very slow. Some users’ money also got deducted without a successful transaction.

WazirX released the statement that its servers are facing serious issues due to the sudden surge in Dogecoin Cryptocurrency.

Later, the Indian exchange platform reported that it has solved the issue and things are smooth now. But, users still complained about the transaction failures.

WazirX said:

“Doge’s sudden price movement has caused a massive surge in our traffic. We’re seeing more than a 1000% spike in concurrent users.”

About Dogecoin Surge and WazirX’s CEO Clarification

Business Insider contacted WazirX to know the real reason behind transaction failure. The media portal was discussed with WazirX CEO Nishcal Shetty. He revealed that it was a system error.

Talking about the current issues related to processing delay, he said:

“Today, one of our systems – on detecting the high traffic – wrongly marked it as bad traffic and started blocking the requests. It was good traffic, and this error caused our users to have intermittent access to the app.”

He also revealed that it was not about the server load as identified earlier.

He also confirmed that the issue has been resolved by the technical team. But users have a different story to tell. Investors are claiming that the platform is not supporting any transaction method including UPI, NEFT, RTGS, IMPS.

Billy Markus and Jackson Palmer created Dogecoin currency in 2013 as a joke. Now, that joke has a market cap of $80 billion. In a week, its value got doubled from Rs 23.19 to Rs 45.19. In a month, the virtual currency saw a 10 folds jump.

Tags: DogecoinWazirX
Previous Post

This is How Indian EdTech Environment is Heading Towards the Duopoly

Next Post

Zomato is in Talks with Grofers to Invest $100 Million

Abdul Kadir Khan

Abdul Kadir Khan

Abdul Kadir Khan is a Content Writer at Next Big Brand. Hails from UP. Postgraduate in Computer Science. Content Maniac and Trainer. Love to write about startups, Brands, and Trending Tech.

Related Posts

images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Ebay KO
Cryptocurrency

eBay Acquires NFT Marketplace KnownOrigin For An Undisclosed Sum

June 23, 2022
Uniswap founder
Cryptocurrency

Uniswap Acquires NFT Marketplace Aggregator Genie to Further its Goals

June 22, 2022
Doodles NFTs
Creators

Doodles NFTs Names Pharrell Chief Brand Officer; Alexis Ohanian Leads Fundraiser

June 22, 2022
Goblin NFT
Cryptocurrency

The World’s First NFT Derivative Startup – Bliv.Club Adopts Goblin Town NFT as its Official Mascot

June 21, 2022
Bored Ape NFTs
Cryptocurrency

How The Bored Ape Yacht Club Became The Most Iconic NFT Brand – BAYC Success Story

June 17, 2022
Next Post
Grofers-Zomato:NBB

Zomato is in Talks with Grofers to Invest $100 Million

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker
  • Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

Latest News

images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.