Tue 30 Jan 2024 ▪
12 min read ▪
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Bitcoin is undergoing a Denial of Service (DoS) attack that is becoming painful for the nodes. Summary of the situation.
Bitcoin is undergoing a Denial of Service (DoS) attack that is becoming painful for the nodes. Summary of the situation.
The Bitcoin network is experiencing unprecedented congestion in recent days, caused by a massive influx of transactions related to BRC20 tokens. Nearly 300,000 transactions are waiting to be confirmed, saturating miner memory and driving fees to record levels.
Transaction fees in bitcoin have skyrocketed in recent days due to what is known as "mempool congestion".
Binance is facing massive withdrawals as well as transaction fees multiplied by the latest fashionable nonsense: the BRC-20…