5 sats \ 0 replies \ @w3irdrobot 8 May 2023 \ on: Can someone ELI5 what's going on with mempool right now? bitcoin
people are using the blockchain for storing arbitrary data. because it's hot shit right now, alot of people are trying to get their data in ASAP. so they are paying high fees. it may suck for those using bitcoin transactions for normal payments and such, but it's the way the fee market works. want your transaction accepted in a block before others? pay the miners a higher fee.