Bitcoin Fees Surge Amid Network Congestion from Ordinals and BRC-20 Inscriptions
• Bitcoin fees rising due to network congestion from Ordinals inscriptions and BRC-20 tokens • Ordinals are NFT-like assets inscribed on satoshis, launched by Bitcoin developer Casey Rodarmor • 46 million+ Ordinals inscriptions made since January, including BRC-20 tokens like ORDI with $1.3B market cap • Bitcoin Core developer Luke Dashjr calls Ordinals "spam", wants them blocked, but miners see benefit • Dashjr's Bitcoin Knots protocol aims to modify transactions to exclude "spam", while miners push back