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News Explorer — Attack on Bitcoin’ Claims Circulate as Transaction Fees Climb Higher

Generated by AI, curated by humans

May 7, 10:53 pm

Decrypt

Attack on Bitcoin’ Claims Circulate as Transaction Fees Climb Higher

Bitcoin's mempool is currently congested with over 469,000 transactions waiting to be confirmed, and transaction fees are high, leading some to believe it is an attack on Bitcoin. However, others attribute the increase to Ordinals, a protocol used for minting NFT-like assets on Bitcoin, and the growing popularity of BRC-20 tokens. Despite the chatter, Bitcoin remains largely flat.

Bitcoin's mempool is currently congested with over 469,000 transactions waiting to be confirmed, and transaction fees are high, leading some to believe it is an attack on Bitcoin. However, others attribute the increase to Ordinals, a protocol used for minting NFT-like assets on Bitcoin, and the growing popularity of BRC-20 tokens. Despite the chatter, Bitcoin remains largely flat.

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