Sorry for another topic about the recent issue going related to bitcoin network congestion but I really want to know that Bitcoin ordinals so called NFTs is really going to change the fee required for the transaction in the future?
We do not need the wait for the future, the Bitcoin Ordinals had been affecting the network traffic and the transaction fee. It is too obvious that the Bitcoin Ordinals is creating a problem to the regular users.
are not the reason for the current congestion, before BRC20 it was normal for transaction fees to be 20/30 sats per byte, and now we all know how exorbitant the fees are now. BRC20 is using the same protocol loophole as Ordinals but it is not using any Ordinals software.
Ok, are you saying that BRC20 has nothing to do with Bitcoin ordinals? Then the article written by cointelegraph is misleading? Since they state that
Bitcoin Ordinals daily inscriptions surge due to ‘BRC-20 tokens’.
Regardless, the current network congestion simply tells us that the Bitcoin network isn't ready yet for massive adoption. Imagine if millions of transactions is processed every minute, we would have way more problems than what we are experiencing right now.
Aside from that, I also wonder if there are some people who maliciously spiked the transaction fee for some personal reason.