Will the Lightning Network save the day for Bitcoin's Mempool heap?
Will the Lightning Network save the day for Bitcoin's Mempool heap?
Although Bitcoin had reduced the waiting list transaction orders by Wednesday, the network overload remains high. The average confirmation time was well over ten minutes. The on-chain metric for the Bitcoin network processing is at a maximum as it has not been since February 2023 and December 2022.
In the meantime, hundreds of thousands of transactions are waiting for their confirmation at the same time. This is far above the normal value in the ten thousand area. The extent of the network delay is so large that at least one long-standing Bitcoin supporter says that it is a DDOS attack by BTC sender that attach the BRC 20 regulations scripts.
Binance turns to Lightning Network
The processing time looked better during the week, but the network has not yet reached the normal speed. In order to cope with long waiting times and high fees, Binance had to interrupt the withdrawals for a few hours on Sunday. The Bitcoin withdrawals were restored on Monday, but then interrupted again before the services were restored.
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