Ordinals inscription
Ordinals Inscriptions (“ORDI”) represent a groundbreaking innovation in the Bitcoin ecosystem: digital collectibles ranging from simple images to custom “BRC-20” tokens that can be uniquely “inscribed” to a specific Satoshi (Bitcoin’s The smallest unit since each Bitcoin can be divided into 100 million satoshis)
This new dimension of Bitcoin’s utility has spurred significant growth: over 59 million assets have been credited to date, generating over $200 million in transaction fees for miners
The success of Ordinals has had its own impact on the Bitcoin network. As block rewards decrease over time, the question of how to incentivize miners to protect the network becomes more pressing
With Ordinals transaction fees already accounting for approximately 20% of miners’ total revenue, this emerging trend in Ordinals activity currently provides a new way to maintain network security through increased transaction fees.
