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Harris
@hannahll
Bitcoin Ordinals, enabling NFT-like inscriptions on the blockchain, have sparked significant network congestion, with mempool sizes peaking at 247.9 million vbytes in March 2023. This surge, driven by over 5 million inscriptions, has inflated transaction fees, benefiting miners but straining users. Critics argue Ordinals deviate from Bitcoin’s core purpose, while supporters see them as innovative, boosting miner revenue. Despite debates, miners are unlikely to modify clients to filter Ordinals, as high fees enhance profitability. Proposals like Luke Dashjr’s to curb inscriptions face resistance, as miners prioritize revenue over ideological battles. Layer-2 solutions like Stacks may alleviate congestion, but Ordinals’ impact persists, reshaping Bitcoin’s ecosystem without forcing client changes.
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