Post
Topic
Board Bitcoin Discussion
Re: Bitcoins and other cryptos will never become mainstream before...
by
Darker45
on 22/12/2023, 01:49:01 UTC
-snip-
Now, it's kind of funny and sad how the main purpose has to take the alternate route, the layer 2, because the main network is busy with inscriptions.
Before BRC20 appeared there was no network congestion as it is today, everything was fine.
But after the inscription strikes everything becomes very heavy and more transactions have to be confirmed.
Usually I only spend around $1 with a fairly fast confirmation but now $1 does not represent anything for the transaction, it needs 10x more and a very long confirmation.

When the alternative path takes a Layer 2 Lightning network, why not, if that is a better alternative.
Is it possible that BRC20 will be phased out or use their own network, as this is a new problem on the Bitcoin network?

Network congestion isn't a new problem. BRC-20 might have made everything worse, a lot worse, but everything wasn't really fine before it arrived. Scalability isn't a problem only revealed by the advent of Bitcoin NFTs. It has already been dealt with in past. Hundreds of thousands of unconfirmed transactions isn't a reality that's exclusively brought about by BRC-20. The network has experienced it in the past.

Lightning network is an alternative. Liquid network is an alternative. They may be good alternatives. But my point is it's somewhat odd that the main purpose of Bitcoin will have to be realized in different networks because the main network is busy with monkeys and punks and whatnot. How about an interchange?