Post
Topic
Board Bitcoin Discussion
Re: What's happening with Bitcoin transaction fees?
by
btcswimmer
on 07/11/2023, 18:30:54 UTC
Yes. The high transaction fee occurred because of the listing. Ordinals are currently a major part of Bitcoin's block size, and Binance listing made the situation worse.

A solution could be to limit the amount of arbitrary data that can be included in a transaction (similar to https://github.com/monero-project/monero/pull/8733, which was implemented by the monero community to stop transaction spam on the network).

However, given the status quo of Bitcoin development, I don't think it's ever going to be implemented, just like many other needed improvements (such as increasing the block size) that aren't being added.