Crypto exchange Binance closed Bitcoin withdrawals on May 7 due to an alleged overflow of transactions on the Bitcoin network.
to be processed at the time of writing. The mempool is known as the"waiting area" for incoming transactions before they are verified independently by each node on the network.
Meme tokens are becoming increasingly popular on the Bitcoin blockchain, with Binance listing $PEPE leading to a surge in BRC-20 transactions and subsequent network congestion.
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