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🚨 Nocturne Privacy Protocol Ceases Operations 🌒 Nocturne, a privacy #protocol that raised $6,000,000 from top #investors including #VitalikButerin , has officially ceased its operations. 📉 Reasons: The developers cited that transaction cost is the main criterion for users, while privacy remains a secondary concern that the market is not yet willing to pay extra for. #Binance55thProject(IO) #BTC

🚨 Nocturne Privacy Protocol Ceases Operations

🌒 Nocturne, a privacy #protocol that raised $6,000,000 from top #investors including #VitalikButerin , has officially ceased its operations.

📉 Reasons: The developers cited that transaction cost is the main criterion for users, while privacy remains a secondary concern that the market is not yet willing to pay extra for.

#Binance55thProject(IO) #BTC

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#educational Post What Are Recursive Inscriptions? Recursive inscription involves embedding information within itself, creating a loop of reference or self-reference. It’s a concept present in various fields, from mathematics to computer science and even literature. While the term can be found in different domains, its emergence in the cryptocurrency #Space , particularly in #bitcoin , has sparked interest and debate. How Recursive Inscription Works? Recursive inscription refers to a process where data or information is retrieved from existing inscriptions to generate new ones. This process involves a chain of references, where each inscription builds upon its predecessors, creating a recursive loop of data retrieval and utilization. Recursive Inscriptions in Crypto In the context of cryptocurrency, recursive inscriptions enable developers to circumvent certain limitations and explore new possibilities within the blockchain space. In Bitcoin, recursive inscriptions were inspired by ordinal inscriptions, introducing the concept of data retrieval from existing inscriptions. This mechanism enables developers to create new inscriptions using data from previous ones, effectively bypassing constraints such as block size limits. Recursive inscriptions utilize a series of calls or references to extract and integrate data from existing inscriptions into new ones. This process can support complex software, including smart contracts and decentralized applications (DApps), directly on the Bitcoin blockchain. Challenges Despite its potential benefits, recursive inscriptions may present some challenges. Introducing large volumes of data through recursive inscriptions could potentially strain the Bitcoin network's scalability. The influx of data may lead to increased network congestion and higher transaction fees. It’s also important to ensure the security of data and transactions within recursive inscriptions, as any vulnerability could lead to potential exploits or attacks. #TopCoinsJune2024 #BTC
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