Pierre Rochard, vice president of research at Bitcoin mining company Riot Platforms, tweeted that Inscriptions of the Bitcoin network's NFT protocol Ordinal are consuming 50% of Bitcoin block space, with block space utilization at 100% and median fees falling.
It is reported that software engineer Casey Rodarmor launched the Bitcoin-based NFT protocol Ordinals. Satoshi is the atomic native currency of the Bitcoin network. The Ordinals protocol can engrave any content on a single Satoshi, creating unique Bitcoin-native digital artworks that can be stored in a Bitcoin wallet and transferred through Bitcoin transactions. Inscriptions are engraved with arbitrary content, creating Bitcoin-native digital artifacts, commonly known as NFTs. Inscriptions do not require side chains or separate tokens.
According to previous reports, data from OKLink multi-chain browser showed that the average daily block size of Bitcoin reached 2,021,079.56 yesterday, a three-year high. #ETH, #BNB, #DOGE
