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Bitcoin Inscriptions nearing 5M: miner’s future earnings amid economic uncertainty

GameFi
By Press
0

Quick Take

  • Inscriptions which is the process of writing data into the blockchain via the Witness portion of a Bitcoin transaction.
  • The total count of Inscriptions is now approaching 5 million; as you can see, it predominately comes from text-based inscriptions.
  • Inscriptions have also generated a cumulative fee of 904 Bitcoin.
  • This benefits miner tremendously, but is this here to stay? If a true recession were to occur, would we still see the demand?
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Inscriptions: (Source: Glassnode)
Cumulative fees: (Source: Glassnode)
Cumulative fees: (Source: Glassnode)

The post Bitcoin Inscriptions nearing 5M: miner’s future earnings amid economic uncertainty appeared first on CryptoSlate.

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