Bitcoin is About to Become Unusable… Again

Bitcoin is directly on course for crippling network bottlenecks and insane transaction fees. SegWit did not fix the problem. LightningNetwork is not ready for prime time.

If we look at the number of transactions per day, Bitcoin has been steadily growing for the past year with a recent peak of 391k. The peak utilization of 2018 was about 406k.

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