The number of transactions in the bitcoin mempool has dropped from 500,000 to 27,000
Just over 2 wks ago, the clutter in the #bitcoin mempool was quite noticeable, with over 500,000 unconfirmed txns waiting to be processed by miners.
However, a noticeable decrease in the issuance of ordinal inscriptions three days ago led bitcoin miners to significantly reduce the number of unconfirmed transactions to 153,000.
On October 3, 2023, the situation improved significantly and miners managed to further reduce the figure to 27,210 transactions, virtually eliminating the backlog.
This wk, the total number of records issued on the bitcoin blockchain passed 35 million, though the pace has slowed to less than 100,000 daily.
On Oct. 1, a total of 87,180 records were added to the blockchain; the next day saw a drop to 50,176 records.
Just over 2 wks ago, the clutter in the #bitcoin mempool was quite noticeable, with over 500,000 unconfirmed txns waiting to be processed by miners.
However, a noticeable decrease in the issuance of ordinal inscriptions three days ago led bitcoin miners to significantly reduce the number of unconfirmed transactions to 153,000.
On October 3, 2023, the situation improved significantly and miners managed to further reduce the figure to 27,210 transactions, virtually eliminating the backlog.
This wk, the total number of records issued on the bitcoin blockchain passed 35 million, though the pace has slowed to less than 100,000 daily.
On Oct. 1, a total of 87,180 records were added to the blockchain; the next day saw a drop to 50,176 records.