In recent times, Bitcoin’s network has encountered periods of congestion, leading to increased transaction fees and sparking concerns within the cryptocurrency community. Presently, the network is once again grappling with congestion, attributed to the surge in demand for data inscriptions, a trend highlighted by renowned Bitcoin on-chain analyst Willy Woo. Woo pointed out that the mempool, a critical component of the Bitcoin network, has reached its highest levels in recorded history.·
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