Bitcoin recovers after roller coaster ride, exchanges advise caution

A new solution to raise deal speed is expected to avoid hiccups in trading when launched on August 1

Bitcoin and other crypto or virtual currencies have surged the past week after a sharp fall, as a solution to increase the speed of transactions has been agreed upon by miners. The solution is expected to avoid problems and hiccups in trading when it is implemented on August 1.

The virtual currency market had begun facing a challenge in bitcoin transaction speed. Following the surge popularity of the currency and the spike in its price, the number of transactions had risen sharply. Since the speed was slowing, giving rise to heavy backlogs, the market was discussing ways to increase the