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Category: Ordinals
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As Ordinal inscriptions approach the 150,000 mark, blocks larger than 3 MB have become commonplace, with many blocks near the 4 MB range. Meanwhile, after the average transaction fee on-chain rose 122% higher at the beginning of February 2023, the average fee has remained the same over the last few weeks and is currently coasting […]
Bitcoin Ordinal Inscriptions Surge Past 100,000 Mark, Spurring Development of Supporting Infrastructure
According to the latest statistics, more than 100,000 ordinal inscriptions have been added to the Bitcoin blockchain since the start of the trend. Amid the growing popularity, people have launched supporting marketplaces and tools that allow individuals to inscribe without a full node. Additionally, a decentralized Ordinal exchange is reportedly in the works. 100,000 Inscriptions […]
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Out of the Ordinal-ry: Bitcoin average block size hits all-time high
Bitcoin’s average block size has hit an all-time high of 2.5MB following the creation of the Ordinals protocol in January 2023.
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Bitcoin miners already made nearly $600K from Ordinals’ NFT transactions
The Ordinals hype is real with the NFT inscriptions now regularly taking over 50% of Bitcoin block space.
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Bitcoin hits record 44M non-zero addresses, thanks to Ordinals: Glassnode
Glassnode noted that this is the first time in Bitcoin history where the network has been used for purposes other than for monetary purposes.
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Nifty News: Find love in Paris Hilton’s metaverse, BTC CryptoPunks soar and more
The “Parisland” metaverse experience will launch in time for Valentine’s Day to give budding lovebugs a space to meet, at least virtually.
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Bitcoin’s Average Transfer Fees Experience Sharp Increase: 122% Rise in 10 Days
Statistics show transfer fees on the Bitcoin network have increased 122% since the end of last month, as the average transaction fee has climbed from $0.767 to $1.704 per transaction. The rise in onchain fees coincides with the new Ordinals digital collectible trend on the network, with the number of inscriptions nearing 20,000. Rising Transaction […]
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Reddit User Discovers 7zip File Possibly Linked to Julian Assange Hidden in Bitcoin Blockchain
According to a post on the Reddit community r/bitcoin, an old file was discovered that may be linked to Julian Assange, the whistleblower and founder of Wikileaks. The encrypted 7zip file is in the output script from a transaction that took place on Jan. 5, 2017, and was mined at block height 446,713. Speculation Surrounds […]
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More Than 7,000 Ordinals Inscriptions Have Already Been Included on the Bitcoin Blockchain
Ordinals inscriptions, viewed as a kind of Bitcoin-native NFTs, are picking up steam among some Bitcoin circles, even though the procedures to issue them are far from user-friendly. The protocol, which was unveiled in January, has already served to bring more than 7,000 inscriptions directly to the Bitcoin chain, with some collections already present. Ordinals […]
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Debate Intensifies Over Significance and Implications of Ordinal Inscriptions on Bitcoin Blockchain
During the past two weeks, members of the cryptocurrency community have discussed the non-fungible token (NFT) concept known as Ordinals. Since the 3.96 MB block (#774,628) was mined, there has been a significant increase in Ordinal inscriptions on the Bitcoin blockchain. Ordinal Inscriptions on Bitcoin Blockchain Spark Debate Among Crypto Community The controversial NFT concept […]
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