Quote from: Bureau on November 07, 2023, 12:58:55 PM

I was checking mempool and saw the transaction fee sky rocketing. I am not sure what happened suddenly as these fees are way beyond anyone's imagination. Later on, I did found out that Binance has listed Ordinals (ORDI). I want to ask the community whether the severe high transaction fee occured because of the listing?

It might be very possible that the increase in transaction fees could be related to the listing of Ordinals on Binance but it is also worth noting that there is an increase in overall activity on the blockchain and possibly, there could be a shortage of computing power available to process transactions. So there is no doubt that Ordinals can contribute to network congestion and the increment of transaction fees it takes up more space on the blockchain and can slow down the overall network and whatever the case is, it's definitely worth investigating further.

Quote from: Mate2237 on Today at 02:20:57 PM

This ordinals made me to waste coins last time and here it come again. The simple way t solve this problem is to remove these Ordinals from the bitcoin network. Then the the congestion rate will reduce and the transaction fee will also reduce. And like this now many can not withdraw or make a transaction because of the high fee. Early this when I did a transaction I fell the impact of the high fee compared to other times.

This is the second time the transaction fee is going high in this year. And I said this will affect many people. We just pray that it will not stay longer than a week.

It's actually annoying but removing Ordinals could set a precedent for other use cases to be removed in the future and this would have a negative impact on the overall development of the Bitcoin network.