Bitcoin

<div class="playHtListenArea" style="display:none;margin: 0;">
		<div id="playht-audioplayer-element" data-play-article="https://crypto.ro/en/?p=21489" data-play-audio="https://media.play.ht/full_-NV45gLsRjghF1uWZdMv.mp3?generation=1683712828820116&alt=media">
		</div>
	</div>
	<p>Bitcoin&#8217;s network is facing a backlog of transactions and higher fees due to an increase in BRC-20 memecoin minting on the BTC blockchain.</p>
<p>Axel Adler Jr, an analyst with CryptoQuant, <a href="https://cryptoquant.com/insights/quicktake/6459fb7b86317b3f85e45445-Bitcoin-under-siege-from-BRC-20-junk-coins-record-fees-and-thousands-of-unconfir?utm_source=twitter&amp;utm_medium=sns&amp;utm_campaign=Quicktake&amp;utm_content=AxelAdlerJr" rel="nofollow noopener" target="_blank">explains</a> that &#8220;BRC-20 does not utilize smart contracts and operates only with wallets supporting the <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin</a> blockchain,&#8221; which is causing a surge in block space demand. As a result, the average fee per transaction has skyrocketed, reaching over $16 and peaking at $29 on May 9.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">Bitcoin under siege from BRC-20 &quot;junk&quot; coins: record fees and thousands of unconfirmed transactions!  </p>
<p>&quot;Unlike conventional token standards, such as Ethereum&#39;s ERC-20, BRC-20 does not utilize smart contracts and operates only with wallets supporting the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Bitcoin</a> blockchain.&quot; <br />by… <a href="https://t.co/yCsrXGM38H" rel="nofollow" target="_blank">pic.twitter.com/yCsrXGM38H</a></p>
<p>&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1656052587353853952?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">May 9, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><a href="https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#6m" rel="nofollow noopener" target="_blank">Bitinfocharts</a> data shows that the average transaction fees have spiked to $31 on May 8, compared to around $19 the day before.</p>
<p>In a remarkable event on May 8, the total fees per block momentarily outstripped the block subsidy reward of 6.25 BTC, a phenomenon not seen since 2017.</p>
<p>May 9 witnessed another historic moment when <a href="https://bitinfocharts.com/comparison/transactions-btc-sma7.html#6m" rel="nofollow noopener" target="_blank">Bitinfocharts</a> documented a fresh all-time high on the seven-day moving average for the number of Bitcoin transactions, reaching a peak of 534,000.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">Love em or hate em, ordinals are definitely shaking things up. The number of transactions on the <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#bitcoin</a><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4f7.png" alt="📷" class="wp-smiley" style="height: 1em; max-height: 1em;" /> blockchain reached a new all time high yesterday of 534,000. <a href="https://t.co/NTWmPsdiLw" rel="nofollow" target="_blank">pic.twitter.com/NTWmPsdiLw</a></p>
<p>&mdash; Mati Greenspan (@MatiGreenspan) <a href="https://twitter.com/MatiGreenspan/status/1655984061951639558?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">May 9, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>However, these numbers may actually be higher than recorded, with <a href="https://bitinfocharts.com/comparison/bitcoin-transactions.html#6m" rel="nofollow noopener" target="_blank">Bitinfocharts</a> reporting two spikes over 600,000 daily transactions this month using raw values.</p>
<p>The site also recorded 598,000 BTC blockchain transactions on May 9, while Blockchain.com confirmed that the average transactions per block are at an all-time high of 3,961.</p>
<figure id="attachment_21491" aria-describedby="caption-attachment-21491" style="width: 1764px" class="wp-caption alignnone"><img decoding="async" class="wp-image-21491 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/05/Bitcoin-Average-Transactions-Per-Block-min.png" alt="Bitcoin Average Transactions Per Block min" width="1764" height="528" srcset="https://crypto.ro/en/wp-content/uploads/2023/05/Bitcoin-Average-Transactions-Per-Block-min.png 1200w, https://crypto.ro/en/wp-content/uploads/2023/05/Bitcoin-Average-Transactions-Per-Block-min-300x90.png 300w, https://crypto.ro/en/wp-content/uploads/2023/05/Bitcoin-Average-Transactions-Per-Block-min-1024x307.png 1024w, https://crypto.ro/en/wp-content/uploads/2023/05/Bitcoin-Average-Transactions-Per-Block-min-768x230.png 768w, https://crypto.ro/en/wp-content/uploads/2023/05/Bitcoin-Average-Transactions-Per-Block-min-750x224.png 750w, https://crypto.ro/en/wp-content/uploads/2023/05/Bitcoin-Average-Transactions-Per-Block-min-1140x341.png 1140w" sizes="(max-width: 1764px) 100vw, 1764px" title="Rising popularity of memecoins causes concerns for Bitcoin 1"><figcaption id="caption-attachment-21491" class="wp-caption-text">Bitcoin Average Transactions Per Block | YChart</figcaption></figure>
<p>Despite the high number of transactions, a backlog of 400,000 unconfirmed transactions is keeping transaction prices elevated. On May 9, the total market capitalization of BRC-20 tokens reached over $1 billion.</p>
<p>The surge in memecoin minting has caused concern among Bitcoin core developers, who are considering taking action against BRC-20 tokens and <a href="https://crypto.ro/en/news/bitcoin-network-fees-skyrocket-as-ordinal-inscriptions-reach-7-6-million/">Ordinals, which they see as network spam</a>. The number of ordinal inscriptions has almost doubled from 2.5 million to 4.78 million in just over a week.</p>
<p>Miners, on the other hand, are benefiting from the increased fees, as profitability or hash price has gone up by 66% since the start of the month, signaling a profitable period for those maintaining the network.</p>

Rising popularity of memecoins causes concerns for Bitcoin

crypto.ro global

2023年5月10日公開の他の記事

Bitcoin Miners Capitalizing on Ordinals Hype: Daily Revenue Hit 5-Year High at $17M

AltSignals (ASI) Price Prediction as Token Sale Hits $723k

How to Purchase NFTs in India

Binance Unveils Capital Connect for VIP Clients

Tectum Announces New Launch Dates and Partnerships

Polkadot (DOT) will be replaced by this DeFi token in 2023

ニュースレターを購読して暗号資産の最新情報を毎日入手！