Post
Topic
Board Beginners & Help
Re: What is happening with mempool? Can someone please ELI5?
by
Dunamisx
on 08/05/2023, 13:24:28 UTC
I am reading about Ordinals, Taproot and about 400k blocks waiting in the que in mempool. What is happening? Can someone please ELI5 all about this?

It all about bitcoin ordinals, the network gets busy unlike before because there are additional utility to the bitcoin network through the introduction of artifacts on bitcoin transactions, this will require more fee for your transactions to get confirmed as the demands increase so is the price in this period until a solution is made about it, i will recommend you to read about a topic I wrote on this and the one by pooya87 respectively.

Bitcoin Fees, Nodes, Ordinals Inscription and way Forward]
The severity of the Ordinals Attack is increasing

Is it good for the Bitcoin network?

It's has both advantages and disadvantages, but we seem to be only minded of the disadvantages because that's the aspect we are concerned most, which is the increase in transaction fee.