📖
Web3 Encyclopedia
  • Welcome aboard!
  • Source
  • 😀Evolution from Web 1.0 to Web 3.0
    • Web 1.0 Web 2.0 Web 3.0
    • Key Features
    • Current Limitations
    • Future of Web 3.0
    • Learn: What Is Web3?
    • Learn: Will Every Brand Have a Web3 Strategy?
    • Learn: Big Ideas in 2023
    • Learn: The Web3 Paradox: Why Scaling Usage Alone Won't Lead to Mass Adoption?
    • Learn: Is Web3 A Marketing Buzz or Tech Revolution?
    • Learn: What is the relationship between blockchain and Web3?
    • Learn:Empowering Women in Web 3.0: The Role and Contributions of Women in Blockchain, DeFi, and dApp
    • Learn: Web 3.0 and the Future of E-Commerce
    • Learn: 12 ways ecosystem projects can attract more developers
    • Learn: How Web3 is Impacting Education?
    • Learn: Web3 And The Future Of Digital Advertising
    • Learn: Web3’s impact on personalization, trust and engagement
    • Learn: Web3-Powered Identity Management -- Unlocking the Benefits of Decentralization
    • Learn: Why Web2 companies fail in Web3 while others made it?
    • Learn: To Identify or Not in a Web3 World?
    • đŸ€«[Insider Series] McKinsey x Web3
    • TL;DR 👀
  • đŸ’ČBlockchain Fundamentals
    • Why is Blockchain So Popular?
    • Introduction to Blockchain
    • Blockchain Misconceptions
    • Blockchain vs Bitcoin, Database, Cloud
    • Consensus Mechanism
    • Public and Private Keys
    • Hash Functions and Cryptography
    • Sharding
    • Types of Blockchains: PoW, PoS and Private
    • Understanding Cryptocurrency
    • Coins vs Tokens
    • Blockchain Trilemma
    • Legality
    • Learn : Google’s Cloud Based Blockchain Node Service
    • Learn: How Blockchain, Digital assets, and Web3 Unlock Financial Inclusion Globally
    • Learn: Will Chinese-Made Crypto Soar Higher?
    • Learn: What Does MiCA Mean for Crypto in Europe?
    • Learn: Unraveling the Intricacies of Blockchain Forensics and Asset Tracking
    • Learn: Promising blockchain use cases in healthcare industry
    • Learn: The Role of Blockchain in Authenticating and Provenance Art
    • Learn: Blockchain-Based Digital Identity: Benefits, Risks, and Implementation Challenges
    • Learn: The Future of Energy Supply Chains
    • Learn: Revolutionizing smart contracts and cryptocurrency
    • Learn: Nigeria goes blockchain
    • Learn: A Game Changer for Online Gaming?
    • Learn: Is blockchain technology ready for high-storage applications?
    • Learn: Will Blockchain Technology Mark a Turning Point in Fraud Prevention?
    • Learn: Why ZK-rollups need data availability?
    • Learn: How will generative AI disrupt blockchain?
    • Learn: A New Blockchain for Generative AI?
    • TL;DR 👀
  • đŸŸïžWeb3 Utilities
    • Decentralized Applications (dApps)
    • Cross-chain Bridges
    • DAO
    • Artificial Intelligence
    • Learn: Is Community-building Essential for Web3 Startups?
    • Learn: ‘Decentralization Theater’
    • Learn: Crypto and AI- A yay or nay combination?
    • Learn: Dissecting the DAO
    • Learn: What is motivating Lido DAO to rise?
    • Learn: How to Turn Your Community Into a DAO?
    • Learn: The Key to Decentralized Decision Making
    • Learn: How Web 3.0 can disrupt the supply chain industry?
    • TL;DR 👀
  • đŸȘ™Bitcoin
    • What is Bitcoin
    • Bitcoin's Blockchain Technology
    • UTXO Model and Transaction Fees
    • Bitcoin Mining and Mempool
    • Learn: What is bitcoin mining?
    • What are Hard Forks and Soft Forks
    • What is SegWit and the Lightning Network
    • Bitcoin Ecosystem
    • Can Bitcoin be Destroyed? Game Theory and Network Attacks
    • Learn: Crypto token supplies explained
    • Learn: What is crypto tax-loss harvesting, and how does it work?
    • Learn: Can Crypto Go Green? How to Invest in Eco-Friendly Cryptocurrencies
    • Learn: Why Did FTX Collapse? Here’s What to Know.
    • Learn: How Sam Bankman-Fried swindled $8 billion in customer money?
    • Learn: How much is Bitcoin worth today?
    • Learn: The Costs of Running a Bitcoin Node In Nigeria
    • Learn: Has 2022 Left Any Crypto Positives?
    • Learn: How Crypto Exchanges Can Be Free of Risk?
    • Learn: Greed, Lies and FTX: Is Crypto a Force for Good or Evil?
    • Learn: Is Crypto a Cultural Movement?
    • Learn: What are the consequences of crypto’s ongoing regulatory process?
    • Learn: Beyond the Crash and Embracing NFTs?
    • Learn: Understanding crypto bag holders and their mindset
    • Learn: Inscriptions: Just A Fad, Or A Real Threat To Bitcoin Becoming Decentralized Money?
    • Learn: How Bitcoin Ordinals Can Change the Future Of Mining?
    • Learn: What is a supernet?
    • Learn: Bitcoin Miners Celebrate 10 Years Since First ASIC, What Changed Since Then?
    • Learn: Bill Vs. CBDC – Why This US Congressman Wants To Block The Fed From Issuing A Digital Dollar?
    • Learn: Why Bitcoin Will Blow People’s Minds In 2025?
    • Learn: How the Howey Test Sheds Light on Cryptocurrency's Regulatory Gray Area
    • Learn: Cryptocurrency vs AI: A Complex Debate
    • Learn: Where the U.S. Government Went Wrong in Regulating Crypto?
    • Learn: The Nostr Privacy Paradox
    • Learn: Do algorithmic stablecoins have a future as centralized coins are under scrutiny?
    • Learn: Is Bitcoin Set To Revolutionize The Financial World With Its Superior Purchasing Power?
    • Learn: What is Shibarium, and what does it mean for Shiba Inu?
    • Learn: What is a crypto dusting attack?
    • Learn: Is the Adoption of Central Bank Digital Currencies (CBDCs) the Future?
    • Learn: How Artificial Intelligence Could Revolutionize Crypto?
    • Learn: What’s next for EU’s crypto industry as European Parliament passes MiCA?
    • Learn: Why the EU Has MiCA and the U.S. Has Securities Law Confusion?
    • Learn: Six New Projects Looking to Mitigate Bitcoin Mining’s Energy Footprint
    • Learn: Who on Crypto Twitter chose not to pay for a blue checkmark?
    • Learn: What is the wash-sale rule in Crypto?
    • Learn: What is Pepecoin and can it flip memecoins Dogecoin and Shiba Inu?
    • Learn: Can you recover stolen Bitcoin from crypto scams?
    • Learn: What the ‘anti-mining bill’ means for the crypto industry in Texas?
    • Learn: Does the US have a crypto ‘tax loophole’ problem?
    • Learn: How users can stay protected?
    • Learn: How Crypto Revolutionize Cheaper and Faster Transactions?
    • Learn: Can NFTs and CFDs be BFFs?
    • Learn: A PR expert’s tips for memecoin projects
    • Learn: Why politicians aren't convinced about the Digital Euro?
    • Learn: How A 90-Year Old TA Theory Predicted The Sudden Bitcoin Boom?
    • Learn: Social Trading Platforms and CFDs: A New Paradigm in Investment
    • Learn: How could the Chinese economic crisis impact Bitcoin and crypto?
    • Learn: How do they compare: Bitcoin IRA vs. traditional IRA?
    • Learn: Why Tokenized Assets Are Safer During a Banking Crisis?
    • TL;DR 👀
  • đŸ›ąïžEthereum
    • Bitcoin vs Ethereum
    • What can Ethereum do?
    • What is Ether (ETH)?
    • What's Unique About ETH?
    • What are Smart Contracts?
    • Energy Consumption?
    • Ethereum Virtual Machine (EVM)
    • Pros & Cons of Smart Contracts
    • Decentralized Applications (dApps)
    • Ethereum Token Standards (ERC-20, ERC-721 and ERC-1155)
    • Evolution of Ethereum
    • How to Get Your First Ethereum
    • Learn: Next Ethereum Upgrade — Shanghai Upgrade
    • Learn: Tipping Scale for Crypto Adoption: Usability vs. Accessibility
    • Learn: Major Publicly Traded U.S. Bitcoin Miner Files For Chapter 11 – Impact On The Market?
    • Learn: 5 altcoin projects that made a real difference in 2022
    • Learn: How Tether Can Be a More Stable Stablecoin?
    • Learn: Are the Ethereum Killers Still Deadly?
    • Learn: What Ethereum Tech Trends Are Weathering the Bear Market?
    • Learn: How Ethereum’s token burns are making it a deflationary cryptocurrency?
    • Learn: A few things to know about Ethereum's Shanghai Upgrade
    • Learn: The Role of Enterprise Ethereum
    • Learn: Understanding Layer 2 Scaling Solutions for the Ethereum Network
    • Learn: The Battle of Giants: Bitcoin vs Ethereum
    • Learn: Cryptography, Smart Contracts and Distributed Networks
    • Learn: The Memecoin Grift and How It Threatens Ethereum Culture
    • Learn: What Is Ethereum’s ‘Data Availability' Problem, and Why Does It Matter?
    • TL;DR 👀
  • 👛Wallet
    • What is a Blockchain Wallet?
    • Hardware / Software Wallet
    • How to Get Your First Cryptocurrency
    • Setting up Metamask Wallet
    • Learn: How to connect the Avalanche network to MetaMask?
    • Learn: How to pass on your crypto when you die?
    • Learn: What are hierarchical deterministic (HD) crypto wallets?
    • Learn: Pros and Cons of Digital Wallets
    • Learn : How Web 3.0 Wallets Are Redefining Digital Asset Security?
    • Learn: Open source: Buzzword or real security for crypto wallets?
    • TL;DR 👀
  • 🌕New & Rising Protocols
    • Binance
    • NEAR
    • Solana
    • Fantom
    • Polygon
    • Cardano
    • Polkadot
    • Cosmos
    • Harmony
    • Cronos
    • Optimism
    • Terra
    • Who Will Win the L1 Wars?
    • Learn: New Layer 1 Blockchains Are Expanding the DeFi Ecosystem But No Eth Killers Yet
    • Learn: Is an Increased Focus on Layer-2 Scaling and ZK Technology Justified?
    • Learn: What Are the Stakes in the SEC vs. Ripple Case?
    • Learn: What is The Graph, and how does it work?
    • TL;DR 👀
  • 📈Decentralized Finance (DeFi)
    • CEX vs DEX
    • CeFi vs DeFi
    • Algorithmic Stablecoins
    • Airdrop
    • Liquidity Pool
    • Impermanent Loss
    • Swapping
    • Wrapped Token
    • Arbitrage Opportunities
    • Staking
    • Yield Farming
    • Total Value Locked (TVL)
    • Gas Fees
    • Lending & Borrowing
    • Useful Tools
    • Activity: Uniswap & Pancake Swap
    • Learn: Automated Market Makers (AMMs) in DeFi
    • Learn: Crypto Moving towards ESG: What Is Regenerative Finance (ReFi)
    • Learn: What Is dYdX? Understanding the Decentralized Crypto Exchange
    • Learn: It's A Wrap - DeFi in 2022
    • Learn: Why DeFi should expect more hacks this year?
    • Learn: The Security Challenges of DeFi
    • Learn: The Promising Future of Decentralized Social Media on Web 3.0
    • Learn: Can CBDCs, Tokenized Deposits, Stablecoins and DeFi Coexist?
    • Learn: The Increasing Popularity of DeFi and Its Potential to Disrupt Traditional Finance
    • Learn: The future of DeFi is ReFi
    • Learn: DeFi aggregation
    • TL;DR 👀
  • 🙈Non-Fungible Token (NFT)
    • What are NFTs?
    • Case Study
    • Storage
    • Who are the Players?
    • NFT Marketplace
    • NFT Useful Resources
    • Activity: Mint Your Own NFT
    • Learn: How You Can Prevent Hackers From Stealing Your NFTs?
    • Learn: What Is an NFT Floor Price?
    • Learn: Should Bored Ape buyers be legally entitled to refunds?
    • Learn: China’s view of NFTs different from rest of the world’s
    • Learn: NFTs IRL: How Digital Collectibles Are Forging Offline Experiences
    • Learn: How NFT Brands Can Cut Through The Noise
    • Learn: How Web3 disrupts the music sector?
    • Learn: Unlockable content in NFTs
    • Learn: Why Meta Matters in NFTs?
    • Learn: Should NFT Marketplaces Become Centralized?
    • Learn: HermĂšs vs. MetaBirkins: The NFT Case That Could Have Major Trademark and Artistic Consequence
    • Learn: What are phygital NFTs, and how do they work?
    • Learn: What is NFT ticketing and how does it work?
    • Learn: Why Solana NFT marketplace is seeing less active users?
    • Learn: NFTs and Intellectual Property
    • Learn: How AI Is Changing Artistic Creation and Challenging IP Laws?
    • Learn: The Future of NFTs: Exploring Dynamic NFTs and Their Versatile Use Cases
    • Learn: NFTs in the event and ticketing industry
    • Learn: What is NFT rarity, and how to calculate it?
    • Learn: What happens to your NFTs when you die?
    • Learn: Dogecoin-Like Spike in Milady NFTs After Elon Musk’s Tweet, But Will It Last?
    • Learn: What are NFT royalties, and how do they work?
    • Learn: How developers aim to store crypto inside NFTs?
    • Learn: Generative Art NFTs: What Are They & Why Are They So Popular?
    • TL;DR 👀
  • 💗Metaverse
    • What is the Metaverse?
    • Metaverse Economy
    • Metaverse Companies
    • GameFi
    • Learn: Are We in the Metaverse Yet?
    • Learn: Can the Metaverse exist without blockchain?
    • Learn: Can the Metaverse Facilitate Sustainable Growth of Defi Systems?
    • Learn: What is the role of biometrics in the metaverse?
    • Learn: Can metaverse be the future court?
    • Learn: Metaverse Fashion Is on the Rise, but for Whom?
    • Learn: Sustainability in the Metaverse: Challenges and Opportunities
    • Learn: How To Build A Responsible Metaverse?
    • Learn: What is a VTuber, and how do you become one?
    • Learn: How proof-of-identity provides human experiences?
    • Learn: The “Metaverse” Next Frontier for Business: Impact And Challenges
    • Learn: The 5 Biggest Misconceptions About The Metaverse
    • Learn: Why culture and ownership are critical to the metaverse?
    • TL;DR 👀
  • đŸ‘ŸCareer in Web3 (coming soon)
    • Developers
    • Moderators
    • Community Managers
    • UI/ UX Designers
    • Digital Fashion Designers
  • đŸŒ±Sustainability (Coming Soon)
    • Industry Effort
    • Co-author
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On this page
  • Background on Bitcoin MEV
  • Unpacking the Bitcoin NFT Craze
  • Criticism of Bitcoin Ordinals
  • The Future of Bitcoin MEV
  • Bitcoin doesn't care
  1. Bitcoin

Learn: How Bitcoin Ordinals Can Change the Future Of Mining?

The sudden emergence of inscribed Bitcoin blocks has been met with criticism, but it offers a glimpse of how Bitcoin block space will evolve.

PreviousLearn: Inscriptions: Just A Fad, Or A Real Threat To Bitcoin Becoming Decentralized Money?NextLearn: What is a supernet?

Last updated 2 years ago

A specter is haunting the Bitcoin blockchain: the specter of JPEGs.

By using data storage features of the Bitcoin network that were introduced by the in 2017 and the in 2021, Bitcoin node operators are stuffing images, GIFs and other media files into Bitcoin blocks. In fact, one of these Bitcoin memes comprised the and largest transaction in Bitcoin history last week. This now-famous block and transaction were mined by Luxor Technologies amid the ongoing Bitcoin NFT mini-craze, which has centered around the NFT project.

To say that inscribing memes on Bitcoin has divided the community is an understatement. But this practice has also resurfaced a conversation of growing importance: miner extractable value (MEV) on Bitcoin. Readers will remember on this topic by this author. Ordinals are Bitcoin data inscriptions that give miners a glimpse at what the future of Bitcoin MEV could be. This article revisits Bitcoin MEV in context of the latest controversy related to JPEG transactions.

Background on Bitcoin MEV

The Bitcoin network today is not a total MEV wasteland — but it is still.

“There’s more MEV on Bitcoin than Bitcoiners like to acknowledge,” Robert Miller, product lead at FlashBots, on a live stream about MEV. “And there’s some MEV in Bitcoin that just isn’t really being exercised by miners right now,” he.

For example, Lisa Neigut, a Lightning Network engineer at Blockstream, broadened the Bitcoin overton window on MEV with an about Lightning Network MEV. Neigut theorizes about opportunities for and miners from Lightning Network use, and she considers how searchers on Bitcoin may impact on-chain transactions for Lightning Network channels.

For now, most MEV conversations center around non-Bitcoin networks like Ethereum. But a robust decentralized finance ecosystem built on Bitcoin can quickly change that. A sustained on-chain craze of NFT-related activity could have the same effect. For example, one particularly well-known instance of NFT MEV (on Ethereum) occurred when a searcher to buy every Cryptopunk NFT at their floor prices.

Unpacking the Bitcoin NFT Craze

Bitcoin historians know that on-chain collectibles and art originated on Bitcoin. In December 2012, Meni Rosenfeld published “,” which explained that “it is possible to color a set of coins to distinguish it from the rest.” And NFTs were born.

Casey Rodarmor kickstarted the modern era of Bitcoin NFTs with his inscriptions project. In a blog post inscriptions, Rodarmor explained that, “Inscriptions are digital artifacts native to the Bitcoin blockchain
 They do not require a separate token, a side chain, or changing Bitcoin.”

Images, audio, video, HTML, SVG, JS, CSS — anything can be an inscription transaction. Some node operators even seed phrases on the blockchain.

Taproot — the highly anticipated Bitcoin upgrade that went three days after Bitcoin notched its all-time price high of $69,000 — is with the on-going burst in on-chain NFT activity in Bitcoin. But components of the protocol’s SegWit upgrade several years earlier created the landscape for excess data to be stuffed into Bitcoin blocks. Speaking candidly, Eric Wall on Twitter that the entire craze is “essentially possible by mistake.”

But several data points make it clear that this is a legitimate trend:

What did Luxor? A modified version of the iconic magic internet money Bitcoin Wizard that was in Microsoft Paint. Luxor’s wizard, however, is evangelizing Taproot and “magic internet JPEGs” on Bitcoin. In a about Bitcoin NFTs and mining, Luxor’s head of research Colin Harper said, “Ordinal NFTs are not going away. It's just a matter of how much of an impact they make.”

Excitement and controversy over Ordinals surged after Luxor Technologies mined the largest block in Bitcoin’s history that contained the largest transaction in Bitcoin’s history: an Ordinal. In conjunction with long-time crypto investor and consultant Udi Wertheimer, Luxor included the 3.94 megabyte transaction in block, which weighed 3.99 million weight units. (The Bitcoin protocol limits block weights to 4 million weight units.)

Criticism of Bitcoin Ordinals

For every person who thinks the Ordinals project is exciting and entertaining, at least one Bitcoin enthusiast is staunchly opposed to the idea. A multitude of leading voices from the Twitter-based Bitcoin community have pulled no punches expressing their view of stuffing JPEGs into Bitcoin blocks.

The Future of Bitcoin MEV

Okay, so, how do polarizing NFTs from a Taproot “accident” affect MEV? Great question, astute reader.

Size and types of revenue for miners of any blockchain grow as demand for block space increases and the number of applications with real users increases. For now, Bitcoin block space is demanded by users who spend UTXOs. But Ordinals gives a glimpse of a future where other Bitcoin users introduce creative reasons to demand the same space, which forces these competing users to meet in the fee market for the limited space inside of a block.

Bitcoin doesn't care

On a relative basis, spikes in fees largely come from the fact that no one is trying hard to compress the sizes of their inscriptions due to for Bitcoin transactions. But Rodarmor on Twitter that “rich formats, compression, and recursion / composition all mean that meaningful inscription content may wind up being very small indeed!”

Data by Arceris, a pseudonymous Bitcoin researcher, shows the first 435 “mistake” NFTs on Bitcoin paid 15.3 million sats in fees and used 18.7 million bytes of space, which equates to roughly 218 blocks.

In a single weekend, moreover, inscriptions the average per-vbyte fee from 1 satoshi to 15.

On-chain data compiled by another pseudonymous crypto researcher, Dataalways, estimates ordinals have been “minted” on Bitcoin to date.

On a relative basis, spikes in fees largely come from the fact that no one is trying hard to compress the sizes of their inscriptions due to for Bitcoin transactions. But Rodarmor on Twitter that “rich formats, compression, and recursion / composition all mean that meaningful inscription content may wind up being very small indeed!”

Excitement and controversy over Ordinals surged after Luxor Technologies mined the largest block in Bitcoin’s history that contained the largest transaction in Bitcoin’s history: an Ordinal. In conjunction with long-time crypto investor and consultant Udi Wertheimer, Luxor included the 3.94 megabyte transaction in block, which weighed 3.99 million weight units. (The Bitcoin protocol limits block weights to 4 million weight units.)

What did Luxor? A modified version of the iconic magic internet money Bitcoin Wizard that was in Microsoft Paint. Luxor’s wizard, however, is evangelizing Taproot and “magic internet JPEGs” on Bitcoin. In a about Bitcoin NFTs and mining, Luxor’s head of research Colin Harper said, “Ordinal NFTs are not going away. It's just a matter of how much of an impact they make.”

For example, a notorious Bitcoin polemicist who uses the pseudonym Mr. Hodl expressed his disapproval of Ordinals by, “I'd censor the shit out of anyone that clogged up the chain.” Blockstream CEO Adam Back also reminded his followers in a tweet that these Bitcoin-embedded NFTs are “fair game for miners to censor the crap as a form of discouragement.” Bitcoin Twitter personality joined the melee by with apparent snark that node operators who inscribed an NFT on Bitcoin should “apologize to your node and don’t do it again.” Jimmy Song, former at crypto fund Blockchain Capital and a former at crypto exchange LVL, simply, “Luxor will be punished by the market.”

Alex de Vries, a long-time Bitcoin cynic and purported environmentalist, joined these pro-Bitcoin personalities in their harsh criticism of Ordinals. Taking to LinkedIn, de Vries that the “carbon footprint” of the famous block mined by Luxor was “equivalent to the per passenger carbon footprint of taking a flight from New York to Tokyo and back 446 times.” (It should be noted that de Vries is for his intellectual rigor.)

On a slightly more technical level, Luke Dashjr, creator of the Bitcoin Knots client and an outspoken Ordinal critic, on Twitter that Ordinals are only possible because Bitcoin users are “lying” and “tricking the code.” Bob McElrath, a long-time Bitcoin consultant and blockchain developer, also suggested that inscriptions compromise Bitcoin’s censorship-resistant qualities when he Luxor for “using [Bitcoin] as a bathroom wall.” As broader excitement around Ordinals, Rochard also his desire to change to Bitcoin consensus by altering validation rules such that inscriptions would no longer be possible.

Pseudonymous Bitcoin Core contributor 1440000bytes summarized criticism of Ordinals by, “It seems some bitcoiners just discovered that bitcoin can also be used by people they don't like.”

Ordinals critics have seemingly, unintentionally highlighted this benefit to miners. Inscribers “would need to bribe the shit out of me to mine those (transactions),” said Mr Hodl in a. These “bribes” (commonly called “transaction fees”) could be paid in different ways. Of course, an inscriber could attach an elevated fee to their transaction thus incentivizing a miner to include it in a block. Or an out-of-band payment — fees paid outside of the network’s typical process for collecting fees — could be coordinated between a transactor and a block builder.

Rochard, who indirectly Ordinals as an immoral waste of resources, later Ordinal creators should “pay up or shut up.” And they are — paying, at least. Since Ordinals appeared on the Bitcoin scene, inscribers are already paying handsomely for their data to be fit into new blocks. For example, one Bitcoin user to inscribe a GIF of the nyan cat. And as Ordinal NFT projects launch on Bitcoin, the extractable value for miners from this on-chain activity will certainly increase.

Bitcoin Ordinals spawned a wave of creativity and controversy that could persist indefinitely. These digital collectibles mark “the latest fault line in the re-envisioning of what the Bitcoin philosophy can and should be,” CoinDesk TV host Zack Seward. Plenty of Bitcoin users hate Ordinals — lots more enjoy them. Ultimately, Bitcoin doesn’t care. But in the depths of a turbulent bear market, an objectively-intriguing alternative use for Bitcoin block space, the creativity surrounding this use case, and the opportunities for miner extractable value this craze hints at should not be ignored. Everyone does not need to be an inscriber, but they should pay attention.

This article first appeared in Bitcoinist, by

đŸȘ™
Segregated Witness (SegWit) upgrade
Taproot upgrade
largest single block
Ordinals
an article from June 2022
very early
said
added
article
searchers
paid $7 million
Overview Of Colored Coins
ordinals.com
explaining
inscribed
live
largely
credited
wrote
inscribe
created around 2013
blog post
0301e0480b374b32851a9462db29dc19fe830a7f7d7a88b81612b9d42099c0ae
774,628
on-going low fees
noted
shared
pushed
over 2,000
on-going low fees
noted
0301e0480b374b32851a9462db29dc19fe830a7f7d7a88b81612b9d42099c0ae
774,628
inscribe
created around 2013
blog post
saying
now-deleted
Pierre Rochard
suggesting
partner
advisor
now-shuttered
tweeted
claimed
not known
wrote
slammed
grew
expressed
tweeting
tweet
dismissed
said
paid $200
other
said
Zack Voell