Lightning Network[1].

Test out Phoenix Wallet[2] or Breez Wallet[3]. These 2 are the best lightning wallets in terms of usability in my opinion, that it almost feels like you're just making layer-1 transactions.

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[1] https://lightning.network/
[2] https://phoenix.acinq.co/
[3] https://breez.technology/

The increase in number of unconfirmed transactions and delay in confirmation was not due to the announcement by PayPal but it coincided with the spike in Bitcoin price which led to a bit of fomo, with transaction rate far excedding the average rate of confirmation (10 minutes).

This would only affect investors who are buying in during a spike and have to pay high fees to get their transactions confirmed. It is a cycle that has been repeated during each bull run or price correction when investors rush in to buy at a cheap rate. So this doesn't occur often, not enough to turn off investors in my opinion.

There are also other projects besides LN aimed at improving the efficiency of transactions and methods one can adopt to prepare for times when the network gets clogged so as to minimize the fee paid, such as consolidating inputs.

Not only volatility is the concern of some merchants or consumers but the transaction fee to go thru. With the clogging of network these days, some will look for other payment options like XRP, which addresses the volatility and tx fee issues. Because their price doesn't change much and they have one of the cheap tx fees out there.

But talking about investors' perception towards btc, I think they do care about the price in the market but not on the tx fees. Since it is the popular among cryptocurrencies, they still go for this top crypto no matter what.

PayPal didn't cause that, the reason why it happened is that big price movements cause a lot of trading activity, which means people make more transactions to exchanges, and more transactions means more competition for block space, so higher fees.


Lightning Network is the only solution for scalability that is being worked on. SegWit was a small improvement, because it effectively raised the block size, proposals like Schnorr signatures will optimize the signatures, so they will help a bit too, but they aren't going to dramatically improve the situation with on-chain fees.

Yeah its functional but it do really still need further developments before we can really make up some finalization but it seems people wont really be that minding much on making out some transition.
I agree on what others been saying that people or whales arent really that leaving that easily or would really be having that being turned off just because of fee issue or network congestion.
It has its flaws but it wont be completely a reason for majority to quit up and find another better alternative.

Nah, it would depend if the price of miners will reduce then it might be profitable enough but with the increasing mining difficulty I don't think it's easy to earn money with that. Plus, the cost of electricity might not really be enough to some people planning to own a miner these days. And I for the OP, I don't think people would abandon Bitcoin just because of the network congestion, it's more likely they will if the value would drop and I hope these people who bought it would realize that Bitcoin is not that stable.

There is no perfect solution for this. The Lightning Network is not a perfect solution either. But there will surely be more updates in the future addressing the congestion of the network. There is no other way to go for Bitcoin but up. And with that, transactions would exponentially rise over time as more and more people will join the community and therefore compete with each other in the queue for confirmation.

But network clogging is not happening all the time. It usually happens when the price is fast increasing. Investors should just consider a higher fee as part of their investment expenses.

When PayPal fully integrates bitcoin then we will probably have a lot of volatility in the short term. This might be more off-putting to new investors. A lot of people will not expect to see their portfolio losing 10% of it's value over a short period of time and will want to dump. The congestion problems might not be so severe since BTC on PayPal will be custodial.

The quick answer to your question is NO.There's no quick solution for the transaction lagging.Lightning Network was supposed to be some kind of a solution,but it's still not user-friendly,so the majority of the people don't want to use LN,plus many people don't trust LN,because it's centralized.
The only solution is to just wait for the price drop of Bitcoin,which will cause the transaction count to decrease as well.However,the BTC price might continue to grow until the end of 2020,so the blockcahin will stay stuck for the next 2-3 months.