Re: What is happening with mempool? Can someone please ELI5?

Quote from: stompix on Today at 07:58:30 AM

Quote from: a298b112 on Today at 07:52:40 AM

What I don't understand is why suddenly everyone needs a space in block? I mean there were not much demand, and now for some reason demand increased.

Ordinals and BRC20 tokens hype and FOMO! Those are the tourists that only come once a year, throw money at expensive garbage stuff, in this case, useless NFT and tokens, and then when the season ends they leave and everything is back to normal
You can have a look at it here, a wave of people paying high fees to mint their tokens on the Bitcoin blockchain.
https://brc-20.io/

Quote from: mocacinno on Today at 07:54:28 AM

stompix gave a real ELI5 explanation...

He asked for one, and that's what he got! Roll Eyes

This could get worse, I know such have happened in the past with Bitcoin but brc20 is new and some projects are on the way to take advantage of this, the problem is this one will last a very long time and it will have a bad impact on small Bitcoin holders, the only people benefitting from this are Bitcoin miners, I as a person do wish that this never happened in the first place, anyway we will see how things goes later, hopefully this will come to an end sooner.