Posted by Ali Sherief
May 7, 2023/17:22 UTC
The Bitcoin network is experiencing massive congestion due to high volumes of side projects such as BRC-20, which are pricing out real bitcoin transactions. This threatens the smooth and normal use of Bitcoin as a peer-to-peer digital currency. If the volume does not die down over the next few weeks, some suggest taking action, such as implementing BIPs and/or commits into the Bitcoin Core codebase to curtail the loophole in BIP 342 that has allowed these unintended consequences. Alternatively, enforcing "censorship" at the node level by introducing a run-time option to instantly prune all non-standard Taproot transactions could be implemented. Critics argue against limiting maximum freedom, but solutions must be found to ensure this kind of congestion never happens again using Taproot.
Thread Summary (24 replies)
May 7 - May 12, 2023
25 messages • 24 replies
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