The world's first and still most valuable crypto currency, Bitcoin (BTC), had an incredible increase over the past 2 April and managed to climb over $ 5,000 by April 3rd. BTC, which experienced an increase of around $ 1,000 in hours, naturally triggered an upturn in investors and this had a negative impact on the Bitcoin network. Although the network is very common in the bull market, the sudden rise in this week is seen as one of them.
Bitcoin Network Cause of Clogging What?
The network is blocked due to a flock of users who want to invest and trade BTCs in stock exchanges in a possible rise of Bitcoin, but the reason why transaction fees are released is somewhat different.
The main reason why the Bitcoin network is so prone to clogging in a possible rise is known as hasty and opportunistic investors. Because miners choose the way to approve the transaction that will receive the most commissions in the network, investors who prefer to make their own transactions faster and send the BTCs quickly to the stock exchanges, lead to more processing fees, and lead to very difficult wage levels for normal investors.
Another way of not being affected by clogging and record-level transaction fees is to use the Lightning Network protocol, not to use the main network. Developed after the blockage experienced in the bull period in December 2017, the LN has been designed to transfer Bitcoin investors more quickly and, although it is still not preferred by many investors, it has become quite large and usable due to its total capacity of $ 5.3 million.
