After network congestion saw hundreds of thousands of unconfirmed transactions in the mempool and fees hitting $30+ earlier this month, things appear to be getting back to normal… slowly. Have Ordinals and BRC-20 meme-coins already had their day in the sun?
Bitcoin transaction fees are currently sky-high, as the generally drama-free network is hit by a recent craze for NFTs and dodgy meme-coins on the platform. There have even been calls to patch the ‘bug’ that made such ‘abominations’ possible…
After network congestion saw hundreds of thousands of unconfirmed transactions in the mempool and fees hitting $30+ earlier this month, things appear to be getting back to normal… slowly. Have Ordinals and BRC-20 meme-coins already had their day in the sun?
Bitcoin transaction fees are currently sky-high, as the generally drama-free network is hit by a recent craze for NFTs and dodgy meme-coins on the platform. There have even been calls to patch the ‘bug’ that made such ‘abominations’ possible…
Ordinals, an NFT-like project on the Bitcoin blockchain, has gained momentum over the past month, signalling an opportunity for the biggest cryptocurrency. But its accessibility and security still needs to be improved.
