BTC network experiences surge in fees due to activities on the sidechainđ„¶
Crypto prices are quiet, but there are rumors of US market makers stepping back and spot selling from bankruptcy-related payments that are affecting prices. The increase in BRC-20 ordinals activity has caused a backlog of over 400k unconfirmed transactions and a jump in execute fees. BTC miners are now getting paid more to process BTC transactions than for mining new coins, causing a division in the BTC community on whether these Ordinal inscriptions are good or bad for the ethos of Bitcoin. This has led to calls for small adjustments to the data-management code to shut off inscription activities and return the network to its "roots," while others think it's a welcome development for the network.
