Bitcoin Congestion: A Silver Lining For Ordinals?
Bitcoin Ordinals have been making their presence known in the crypto space. They have revolutionized how we view NFTs as they prove their longevity. However, not everyone is enthusiastic about bitcoin ordinals.
Some critics have claimed that ordinals are responsible for increased traffic on the blockchain network. While others believe the Blockchain should be used only for its primary purpose. While the critics continued to voice their opinion, Udi Wertheimer, the founder of Taproot Wizards, made a big move. He intentionally staged the biggest transaction and block in the history of Bitcoin.
To the gatekeepers of Bitcoin tradition, it was an appalling move. To the disruptors, it was an achievement and a cause for celebration.
The Importance Of Traffic Congestion On The Blockchain
You would agree that traffic congestion in any system leads to several problems. The Bitcoin blockchain network is not an exception, and in this system, traffic congestion can lead to reduced transaction speed, higher transaction fees, and reduced efficiency.
However, without these problems, there will be no need for innovation. A good case study is the Ethereum Blockchain. Traffic congestion had initially inhibited the Ethereum blockchain until an innovative solution was found.
The same can be thought of for the Bitcoin blockchain. While traffic congestion will inhibit the Bitcoin blockchain, developers will be open to new opportunities. Developers can now think and explore to provide more innovative approaches to the Bitcoin blockchain network.
Congestion As a Motivation For Innovation?
Wertheimer is known for his disruptive ideas. He believes that rules are meant to be broken and the status quo challenged to bring about new development in Bitcoin Blockchain. He believes that the message he brings would have, in the past, been fully welcomed in the blockchain community. But momentum and interest in the bitcoin blockchain have yet to be recovered, with many focusing on NFTs. Wertheimer aims to rekindle the passion for innovation that once fueled the blockchain ccommunity.
Will Bitcoin congestion be the catalyst for a movement that will inspire others to explore the vast potential of blockchain technology and by so doing improve Ordinals growth? We'll see...