CherryBlossomFall
Fri Jul 12 2024
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6 answers
1146
How did bitcoin mempool congestion affect transaction processing times & fees?
Could you elaborate on how the congestion in the Bitcoin mempool influenced both the processing times and fees associated with transactions? With the influx of users and transactions on the Bitcoin network, there's been an increased concern over delayed confirmations and rising costs. Did the mempool congestion directly correlate with these issues? If so, how did the backlog of unconfirmed transactions impact miners' priority in processing? Also, how have miners and developers responded to alleviate the strain on the network? Your insights would be greatly appreciated in understanding the current challenges and potential solutions within the Bitcoin ecosystem.
