#block size

OMA - SEATTLE LIBRARY

analytical mapping of site - abstracted street grids depict geometry and rotations of grids.

Bitcoin inscriptions have been out for a few more weeks, so we follow up on the fee market and block usage to observe what’s changed after 100,000 inscriptions. The below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox,…

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 along at $1.77 per transfer. Ordinal Inscriptions Close in on…

The sudden emergence of inscribed Bitcoin blocks has been met with criticism, but it offers a glimpse of how Bitcoin block space will evolve. This is an opinion editorial by Zack Voell, a bitcoin mining and markets researcher. 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 Segregated Witness…

A new use case for bitcoin is causing a stir because of its ability to include data directly on-chain. An analysis of inscriptions’ impact on block space. The below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe…

Users are posting massive files to the Bitcoin network via the Ordinals protocol, taking up block space and paying high fees to do so.

The community has been divided as to whether the nonfungible token-like “digital artifacts” are the right fit for the Bitcoin space.