Bitcoin Network congestion

12 months ago

Source
Binance has temporarily suspended all bitcoin withdrawals from its platform, citing network congestion

$10 conversion commission on the Bitcoin network, makes it "congestion". And all this because of BRC20 coins.
Imagine creating meme and shitcoins (BRC20) and if 10% of the amount is on Ethereum, what will happen to the network?
The current Bitcoin system is not designed to carry extras like ordinals, let alone add any value to it.

Perhaps the matter is in its early stages, and in the coming months we will see an excessive increase, especially the NFT projects on the Bitcoin network, as they are recent in that.

But this may lead to daily network congestion, and let's not forget that it will make it vulnerable to DDoS attacks.

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3 comments

@cryptohaytham 60

12 months ago

!HBIT

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@hivebits 53

12 months ago

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@barski 76

12 months ago

Or we will see something like that :)
!BEER

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