An aging King:
After bringing in millions of users to the cryptocurrency space, Bitcoin has hit a log jam on its network as available blocks fill up with transactions quicker than they can be mined. This backlog has led to higher transaction fees and longer waiting times.These factors all end up being counterproductive to the principles underpinning cryptocurrency which are to eliminate the power that banks have over money. Banking fees and centralised waiting times are part and parcel of the irritation that comes from another entity being in control of one's money. Bitcoin is increasingly picking up these bad habits, leaving its users with a feeling of déjà vu harking back to the days when banks held a monopoly over monetary services.