Bitcoin Developers Discuss Solutions to Tackle “Meme Coin” Craze

Bitcoin developers are deep in conversation brainstorming ways to prevent a repeat of the recent Meme coin frenzy . The surge in these coins caused the Bitcoin blockchain to experience record breaking transaction volumes resulting in temporary withdrawal halts on Binance and an alarming 11 fold increase in transaction fees . Determined not to be caught off guard again developers are exploring options like implementing a spam filter or even proposing a new chain through a fork.

Protecting Bitcoin’s Functionality as a Payment Method and Store of Value

The situation has calmed considerably. However, developers remain on their toes to prevent future coins like PEPE or ORDI from causing similar havoc and grabbing excessive attention . Bloomberg reports that developers are particularly worried about Bitcoin being associated with matters beyond its primary roles as a payment method and store of value.
Ali Sharif a Bitcoin developer voiced concerns that the Bitcoin blockchain was never meant to serve as the main hub for meme coins. In a previous email to the developer group Sharif stated “These worthless tokens hinder the normal functioning of an intelligent system.” This realization has prompted the need for solutions to prevent such disruptions.

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