Bitcoin fees hit their highest in 20 months. Bitcoin fees have skyrocketed over the past few days… | Posted by altFINS | Coins | December 2023

over the past few days bitcoin fees Another surge in Ordinals inscriptions pushed miners’ profits to a 20-month high, nearly matching the $70,000 BTC price. This is good for miners, but bad for end users because they pay too high fees to transact even small amounts with each other. furthermore, According to information from Mempool.space, a whopping 350,000 transactions are still awaiting confirmation. This is unacceptable when talking about the world’s largest blockchain network.

Should we just accept Bitcoin for what it is, ignore what’s happening, and continue to pay high transaction fees? Or should we just stop the inscriptions altogether and censor some feature of the Bitcoin network that causes them? Or should we innovate further and simply make Bitcoin more scalable like Ethereum and leave the Ordinals inscription to establish its own purpose within the network?

We believe this fee increase is just the first step to drive innovation and strengthen the continued development of Layer-2 solutions currently being implemented on the largest cryptocurrency chains. Find answers to the questions above in our latest exclusive research report on a project that extends Bitcoin to make transactions cheaper and faster on the network without compromising security.

Latest Coin Picks It solves the exact problems related to Bitcoin scalability and could see huge demand in the near future. We are looking at a profit potential of 659%.

These projects’ tokens could enjoy significant value if the teams implement their planned upgrades before Bitcoin’s next halving in April 2024. Stay tuned…