With the launch of the BRC-20 token and the Ordinals NFT, the No. 1 blockchain has changed into a clunkier model of in a single day.

The core builders and miners who signed off on the community’s Taproot improve in November 2021 by no means imagined such an consequence. Bitcoin at the moment suffers from lots of the identical issues which have plagued Ethereum for years, together with fraudulent memecoins and shitcoins, monkey portray NFTs hogging blockspace, and hovering transaction charges.

The community additionally wants to deal with the prevalence of Minor Extractable Worth (MEV), the place miners profit from reordering pending transactions.

Learn extra on Cointelegraph