There are other possibilities which could have caused the rise in fees.
One of them is a buzz about you transaction getting included in the halving block, which prompted users to pay thousands of days/vbyte in transactions and a huge spike in incoming transactions at the time, another would be ordinals that has caused fee spikes at different times in the past. Then there's runes,m which was just launched.
Whatever the case fees at this level are unsustainable for those creating them. There has been a drop in incoming txs already and in the next hours to days the fees should normalize to pre halving levels.
Topic: [CFNP] BestChange Signature Campaign | Sr Member+ - page 2. (Read 130653 times)
So as the bitcoin halving went live, the Runes network was launched which uses the op_return option and we currently have $150 transactions fees. As soon as the halving went live we ramped up to 1000 vbyte/sat. Most likely this will cause congestion for the foreseeable future. We might have to turn to an alternative payment method.
I hope I am wrong and this Runes hype dies off but people are paying crazy money now to transact with this network.
I hope I am wrong and this Runes hype dies off but people are paying crazy money now to transact with this network.
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Welcome on board mate, let’s make the forum Greeny
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@Yamane_Keto you are welcomed to the green home. May your stay here be green as we join hands together to spread the good news about bestchange. Heart you ❤️
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