We all know there is a massive spike in transaction fees, and you probably know when and why it's started. Taproot development on the bitcoin network allowed developers to create tokens and release them on the Bitcoin network which have been identified as BRC-20 tokens. BRC-20 token developers mint their tokens on the network but they are using the same Bitcoin network. Bitcoin mempool has been congested for a couple of months now due to these massive transactions. Even though I am not a coder or developer, I would love to know more about how these things work. Why they are doing these massive spam transactions? Sometimes I feel like why those stupid weirdos spending 30K sat to send 1K sats? Does it make sense?
BRC-20 tokens are those tokens which are based on BTC blockchain, they are actually not tokens but mostly behave as NFTs because we can't list token on BTC blockchain like we can list on Ethereum blockchain or any other blockchain that allows us. A person by the name of lightning I think (don't know the name for sure) was poking around with ordinals theory.
And he found a bug, which made him able to inscribe any data, into the BC blockchain, the data could be of an image, video, text, media etc. This data then becomes a part of BTC blockchain. This inscription method became famous as it helped people to earn millions of dollars in no time. More and more people started to inscribe BTC which result in high congestion and more fee. Now, in my opinion, authorities are the ones who are dusting the BTC blockchain, because they want BTC to give a bad fame.