Post
Topic
Board Development & Technical Discussion
Re: Can congestion in bitcoin price be controlled?
by
Charles-Tim
on 27/06/2024, 06:43:17 UTC
Price is not governed by the Bitcoin network, but by the exchanges. So no, we can't do that, but you could go to some exchanges and ask them to close their options for buying and selling Bitcoin periodically.

Because, in extremeness, this is the only way even exchanges can regulate the price. That is since traders buying and selling coins is what influences the price, and the price is different on each exchange.
I think what the OP meant as price is the high amount needed for bitcoin transaction as fee. He is asking questions about mempool congestion, about how it can be reduced. Also about why bitcoin remain the dominant cryptocurrency.