Inscriptions have been acting more as a “packing filler,” stuffed into any remaining space once higher-value monetary transfers are packed into blocks, said the firm.
Bitcoin Block Size News
The founder of Digital Bitcoin Art and Assets believes that smart contracts on Bitcoin could solve the myriad problems created by Ordinals.3354
The hype around Bitcoin Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months, according to Jan3 CEO Samson Mow.13074
What do Bitcoin ecosystem CEOs make of Ordinals, and what does the video game Doom have to do with it?5049
The increasing popularity of Bitcoin NFTs, or Ordinals, will positively impact the Bitcoin network’s security and attract developers to the ecosystem, according to Ordinals proponent Udi Wertheimer.7855
Bitcoin’s average block size has hit an all-time high of 2.5MB following the creation of the Ordinals protocol in January 2023.4130
Cryptocurrency’s hash rate measures a blockchain network’s processing power to process transactions.
A fraternity-based approach to mine crypto, mining pools let miners combine their computational resources for a better chance to win rewards.10389
To mine, or not to mine, that is the question. Professional Bitcoin miners discuss the nuance of BTC mining and whether now is a good time to get started.8470
The cost of moving Bitcoin across the network has hit decade lows as Lightning Network, batching, miner behavior and protocol improvements have driven costs down.11944
A Glassnode report reveals that some major cryptocurrency exchanges are still holding despite being heavy consumers of Bitcoin block space.2877
Data from BTC.com estimates that the network will continue to grow stronger by attaining another all-time high in the next 12 days, with a network difficulty of 26.70 trillion.23934
This upgrade focuses on the expansion of the Bitcoin network’s smart contract capabilities and improves privacy on the network.21729
Following Dogecoin’s lead, Ethereum Classic rallied to a new all-time high and Bitcoin Cash doubled as altcoin forks have started to gain traction.64196
Why do blockchains need transaction fees — and which networks allow crypto to be transferred less expensively? This explained article takes a look.