🧵 Bitcoin Core developer @peterktodd reiterates that the default 1 sat/vB transaction fee limit is a serious lag behind the current BTC market environment!
📊 In block 904,864, a large number of low-fee merge transactions failed to be relayed, which seriously slowed down the speed of block reconstruction and propagation, and affected the efficiency of the network. Root Cause: At 1 sat/vB, the price of Bitcoin was much lower than it is now. As the price of BTC rises, this fee threshold becomes unreasonable.
🔧 Peter Todd said that he will use Libre Relay as a testing ground, and will submit a PR to Bitcoin Core after success to promote the update and optimization of the relay strategy. Make the network better adapted to the current market environment.
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