Post
Topic
Board Development & Technical Discussion
Re: Can congestion in bitcoin price be controlled?
by
Charles-Tim
on 27/06/2024, 03:50:06 UTC
What do we think that is the technical way to get rid of congestion in bitcoin network, what method can be apply to shortcut transaction congestion of bitcoin, can't another application established to blockchain to make congestion to be regulated instead of halving one policy system of confirmation of transaction
If Ordinals and BRC20 tokens are removed, the congestion will reduce. Although transaction of 9 sat/vbyte is is getting confirmed. Also if those platforms like exchanges are not causing congestions with their several transactions that will remain in the mempool for long, the congestion will reduce. These are the two reasons the mempool is getting congested sometimes.

To be regulated in a way bitcoin will becoming centralized? Regulation means centralization. Not by definition but you should understand what I meant.

and what makes Bitcoin and ethereum always have higher congestion more than any other cryptocurrencies, the question is that why the demands of bitcoin is always higher than others?
It is the first coin that was created. It reminds as a decentralized coin. It has the strongest blockchain. People think if it as bitcoin while others as altcoins which is bitcoin remain relevant than altcoins. It is less volatile than most other coins. No one knows the founder unlike altcoins.