However the flurry in on-chain exercise is displaying indicators of slowing down as congestion within the Bitcoin mempool – a database of unconfirmed transactions – has eased from almost 500,000 unconfirmed transactions to roughly 250,000 on the time of reporting. That quantity usually stayed below 50,000 final yr. Bitcoin is standard in El Salvador, a rustic identified for being the primary nation state to undertake the cryptocurrency as authorized tender in 2021.
