The rise of Bitcoin inscriptions—data embedded in transactions—to 47.36 million entries signals a departure from Bitcoin's original purpose, with text-based inscriptions at the forefront. This could impact Bitcoin's infrastructure and fees, changing our perception of blockchain functionality. Explore this shift in Alpha's exclusive content.
Beyond JPEGs: Exploring the types of Bitcoin inscriptions Beyond JPEGs: Exploring the types of Bitcoin inscriptions
Text and BRC-20 inscriptions make up 96% of the 47.36 million Bitcoin inscriptions, with the controversial JPEGs accounting for less than 3%.
3 min read
Updated: Dec. 18, 2023 at 4:10 pm 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.