Tags: Taproot

(Donald Iain Smith / Getty Images)

Bitcoin Ordinals have surpassed the one million mark, bagging miners millions in fees.

Luxor Mining collaborated with independent developer Udi Wertheimer to mint the NFT advertising “Magic Internet JPEGs” in “the largest Bitcoin block ever mined.”

Some are calling the new protocol, which stores NFTs on Bitcoin, as an attack on the blockchain‘s original mission to conduct financial transactions, while others say the new use case should be embraced alongside other demands for block space.