As sourced from here, the mempool registered a total of 613K+ transactions today, with a slight increase of average transaction cost in recent days from around 6 to 15 sats/vB.
Do people think this high usage is good or bad for Bitcoin? Are there still many inscriptions being made on the network or is this more financial transactions?
Although I prefer the mempool priced around 4-6 sats/vB, I'm also happy being patient if not urgent, like most network users it seems.
Do people think this high usage is good or bad for Bitcoin? Are there still many inscriptions being made on the network or is this more financial transactions?
Although I prefer the mempool priced around 4-6 sats/vB, I'm also happy being patient if not urgent, like most network users it seems.
No, this is not how Bitcoin was designed to work. Damn ordinals/inscriptions spammers are back! Legit transactions (coins transferred from one wallet to another for financial purposes) make up only a tiny % of total transactions, so there is a huge space to grow (but only if spam transactions are eliminated).