The original Bitcoin blockchain has recently been facing some major challenges as network congestion and high transaction fees have been observed. In recent times, ordinals and BRC-20 tokens have driven the surge in activity, causing significant strain on the Bitcoin network. It is essential to recognize that the scalability issues experienced by Bitcoin go beyond the BRC-20 tokens and ordinals.

Small transactions have played an influential role in driving up Bitcoin’s fees, leading to the mempool reaching an unprecedented 450,000 transactions. This reflects how the Bitcoin network would be unable to handle daily use if even a few million users chose to engage in peer-to-peer transactions. Consequently, it is necessary to consider creative solutions to enable sustaining higher fees driven by everyday users.

One possible solution to the Bitcoin scalability problem lies in the integration of layer 2 technology, such as the Lightning Network. This system allows transactions to be offloaded from the base chain, thereby reducing congestion and costs. Although intricate knowledge is sometimes required to employ the Lightning Network, there have been efforts to simplify it for ordinary users.

Rather than simply pointing fingers at specific factors, the Bitcoin community can seize the opportunity to find permanent solutions. By leveraging the Lightning Network and other layer 2 technologies, it is possible to ease the pressure Bitcoin is facing. Additionally, exploring the potential of ordinals and fungible tokens might lead to new approaches to scaling the network. The Bitcoin community should aim to tackle these challenges head-on in order to guarantee Bitcoin can accommodate the requirements of a worldwide user base.



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