Inscription Craze Leaves Thousands of Bitcoin Transactions Unconfirmed



Bitcoin's network is currently experiencing congestion, with the mempool reaching its highest point in history. The congestion is caused by an explosion in blockspace demand due to inscriptions, which are similar to NFTs and allow users to "inscribe" things onto the blockchain. These inscriptions account for 50-60% of confirmed transactions and have been filling the void left by empty blockspace for the past five months.
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