BRC-20 Causes Serious Issues On The Bitcoin Blockchain

By Aventurine | Crypto Aventurine | 12 May 2023

Bitcoin Can’t Confirm Transactions Due To BRC-20 meme coin Causing Congestion!

Ever since ordinals launched on Bitcoin and BRC-20 coins Bitcoin is unable to confirm transactions! TXN fees are soaring and miners are getting the rewards I think that is the only upside of the congestion, but for who and who are the miners? Nowadays the miners are extremely centralized with big mining farms running the confirmations!

I don’t want to talk about it but fear the worst! (If you know what I mean)

Bitcoin is extremely slow network I don’t understand why did they do that? The ordinals and BRC-20 are completely useless and only cause more and more problems! I think this might cause Bitcoin to completely collapse! If people can’t receive their funds due to confirmation backlog then what are they going to do? Who is going to use Bitcoin?

Is it time for Bitcoin 2.0 exactly the same concept, but much faster txn confirmation time?

I am not too sure if this will work, it might and if this is already in the works people will hear about it and we might have another hype running around!

Also, I have noticed there is a strange thing happening master nodes projects from 2017 are coming back to life! Tomo Chain has been on an uptrend for many months now!

It is fair to say crypto space is the weirdest industry on the planet!