Recently, the craze of Bitcoin inscriptions has swept the entire cryptocurrency market. Many people are confused by this phenomenon and even regard it as illogical "air". But in fact, inscriptions go far beyond these appearances. Today, let's take a deep look at the essence, value logic and doubts of Bitcoin inscriptions.

01 Inscription and the essence of BRC20

Since the first inscription appeared on the Bitcoin Genesis Block on January 3, 2009, the concept of inscriptions has been deeply rooted in people's minds. The information recorded on the decentralized blockchain is like an inscription on a hard stone, which is permanent and cannot be tampered with. The carrier of the inscription is the smallest unit of Bitcoin, "Satoshi", which gives the information a special anti-counterfeiting and unique value.

Similarly, we can see some similar examples in modern society, such as Disney commemorative banknotes or "Dragon Banknotes", which have become collectibles through their uniqueness. This is similar to the logic of inscriptions, which have acquired a new value and meaning through the strong support of the Bitcoin network.

02 The driving force behind the inscription craze

Behind the inscription craze is the combined effect of multiple factors. First, it is driven by meme culture, which stimulates the Fomo sentiment of the market and provides unlimited imagination. Secondly, as a new target, BRC20 has both the characteristics of NFT and the convenience of liquidity and homogeneous accounting. At the same time, the expectation of Bitcoin ecology has become one of the driving forces, and the expectation of major events such as Bitcoin halving and Bitcoin spot ETF constitutes the core driving force of the inscription craze.

03 Questions from core developers

Although Bitcoin inscriptions have received widespread attention, some Bitcoin core developers have expressed opposition. They believe that inscriptions exploit a vulnerability in BitcoinCore. However, Bitcoin core developers are a decentralized organization, and any modification requires community consensus. In addition, block producers also have an interest in inscriptions, so they are unlikely to give up easily. Recently, a proposal submitted by Luke Dashjr to ban inscriptions was rejected by several core developers, showing the community's support for inscriptions.

04 Conclusion

In general, the Bitcoin inscription craze is not just a temporary trend, but has deep market and technical support. It brings new innovations and possibilities to the cryptocurrency world through the powerful network backing of Bitcoin. Despite some doubts and challenges, the value and status of inscriptions have become increasingly clear in the cryptocurrency market. The emergence of this phenomenon marks the further expansion and maturity of the Bitcoin ecosystem and heralds a new development direction for the cryptocurrency world.

Source: https://www.zhucebian.com/?redian/277.html