I needed to move a little bit of Bitcoin and the fee just kept climbing. We can assume the activity with Ordinals is causing it. If you haven't heard, people can trade pixelated apes on BTC now which is bogging it down.
It's insane that even back in 2015 we knew the block size for Bitcoin was going to be an issue. Now we are here 8 years later dealing with this issue still even in a bear market. Just think about what will happen in the bull market. ETH and BTC fees end up being a joke.
You can try to adjust the gas fees and risk having your transaction stuck in the mem pool for who knows how long.
In other news Litecoin has Ordinals as well. Hopefully it doesn't get bogged down over there too.
Also Pulsechain has launched but the bridge too it is bogged down. Watch out for scammers as well. I don't know if the various things purporting to be Pulse related have anything to do with it.
While I don't like the stuff myself, Satoshi used to cram "junk" messages into the chain. The history behind it all is actually interesting if you dive into it.
BTC should have just stayed with being digital gold and left the NFT stuff to other chains. What a mess.
I agree.... it get to where I only want to interact with BTC at tokenized BTC on other blockchains but with that there is country party / contract risk in the wrapped assets and also with the bridging. Hopefully it won't bog down Litecoin as well because they got ordinals as well.
DOGE and in rest mode is Digibyte for the UTXO chains.
It's a shame what's happening with the BRC-20 and ordinals, BITCOIN cannot be used for this crap
I agree, conceptually it might be cute 🐱 In practice it is a nightmare. 👹
i remeber that eth fees on the last bull runn market was insanely high like 50 to 200$ sometimes!
Yeah, I mainly stayed away from ETH and focused on the Binance Smart Chain and other EVM chains. Way too expensive on Ethereum
This is not good! Something funny or strange took place. People might ruin a good thing unintentionally.