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However the flurry in on-chain exercise is exhibiting 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 typically stayed below 50,000 final 12 months. Bitcoin is in style in El Salvador, a rustic identified for being the primary nation state to undertake the cryptocurrency as authorized tender in 2021.
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