The popularity of Ordinal Inscriptions on the Bitcoin blockchain has led to skyrocketing transaction fees and memory usage, raising concerns about the future of Bitcoin's block rewards. As this phenomenon continues to evolve, miner fee revenue has reached levels previously seen only during bull markets. However, amidst the mounting criticism, a potential solution emerges. Discover how this high-speed, low-cost alternative could revolutionize Bitcoin payments and address the challenges of Ordinal Inscriptions.
Growing Bitcoin transactions highlight Lightning Network’s importance Growing Bitcoin transactions highlight Lightning Network’s importance
The growing popularity of Inscriptions pushed Bitcoin transactions through the roof, revealing the need for a high-speed settlement layer like the Lightning Network.
3 min read
Updated: Feb. 14, 2024 at 3:32 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
