Tags: bitcoin ordinals

User Spends $64,000 in Fees to Encode 9 Megabytes of Data on Bitcoin Blockchain

Bitcoin Ordinals Founder: Market Forces, Not Censorship, Should Shape Future

Some suggest EVM inscriptions are the latest way for retail to access low-cap coins, while others argue it’s an over-hyped fad. Whatever it is, it’s clogging up the blockchain.

Bitcoin is not the only network getting clogged up with Ordinals inscriptions, with weekend activity on EVM chains also spiking.

Bitcoin miners are the main beneficiaries of current sky-high transaction fees, data shows, but many longtime market participants have little time for complaints.

NFT platform Enjin migrated 200 million NFTs from Ethereum and a sidechain to its blockchain network.

WAX co-founder William Quigley told Cointelegraph that despite the bear market, NFT technology remains promising.

Bitcoin core developer Luke Dashjr said he played no part in flagging Bitcoin inscriptions as a cybersecurity threat with the NVD, as the listing received a “5.3 Medium” severity score.

The United States National Vulnerability Database (NVD) flagged Bitcoin’s inscriptions as a cybersecurity risk on Dec. 9.

The possibilities for development on the Bitcoin network are expanding — and the BRC-20 ecosystem‘s rapidly growing market cap reflects the new opportunities.

A Bitcoin Core developer claimed Bitcoin Ordinals exploit a vulnerability allowing inscribers to bypass data size limits, which could soon be fixed.

Following an outsized rally, ORDI became the first BRC-20 token to breach a $1 billion market capitalization.

Bioniq operates on the Internet Computer Protocol, tapping into native Bitcoin integration to ease the network congestion and high fees associated with Ordinals inscriptions.

Bitcoin transaction fees have soared above Ethereum’s amid a renewed appetite for Ordinals-inscribed assets.

Gas fees on the Polygon network reached as high as $0.10 during a mad rush to mint an Ordinals-inspired token called POLS.

Elon Musk slams NFTs on the Joe Rogan podcast only to unintentionally make the case for Bitcoin Ordinals.

Bitcoin users attempting to send on-chain BTC transactions are footing the bill for a fresh surge in Ordinals.

Elon Musk argued that NFT projects “should at least encode the JPEG in the blockchain,” to the delight of many Bitcoiners.

Bitcoin Ordinals are creating new possibilities for the Bitcoin network by allowing users to create inscriptions stored on individual Satoshis.

Botanix Labs founder Willem Schroé argues a “huge amount of value” from real-world assets will be captured on Bitcoin, provided it connects to the Ethereum Virtual Machine.

Before it was taken down, Ordswap users said the compromised website directed users to a phishing link.

British politicians went to the metaverse to discuss the benefits and potential challenges that Web3 technology brings.

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.