Transactions take up space on the chain, and the chain only writes at about 1.6 kBps (1MiB every 10 minutes). People therefore must compete on fees to be includ

Transactions take up space on the chain, and the chain only writes at about 1.6 kBps (1MiB every 10 minutes). People therefore must compete on fees to be included on the chain. Bitcoin doesn't scale in its current form [0]. 0. https://en.wikipedia.org/wiki/Bitcoin_scalability_problem https://en.wikipedia.org/wiki/Bitcoin_scalability_problem