The surge in Bitcoin hash rate shows that despite price fluctuations, mining infrastructure investments are on the rise.
The hash rate may be temporarily surging–partly driven by a resurgence in the popularity of Bitcoin ordinal inscriptions. Bitcoin ordinals are unique, non-fungible tokens built on the Bitcoin network, each representing a distinct position in the Bitcoin blockchain. Each ordinal is “inscribed” on a Satoshi , and owners can prove digital ownership of their Sat.
Ordinals have gained traction among collectors, investors, and enthusiasts, offering a new way to engage with the Bitcoin ecosystem. Bitcoin ordinals fan Dan Held, for example, shares that altcoin advocatesThe number of inscriptions in a 24-hour period exceeded 350,000 on May 1, as the total number of ordinals exceeded 3 million. Given that each ordinal inscription also counts as a transaction, the number of Bitcoin transactions has also soared.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
2 reasons why Bitcoin Ordinals are ‘positive’ for BTC: GrayscaleCrypto investment firm Grayscale has highlighted some of the potential benefits of Bitcoin Ordinal NFTs in securing the Bitcoin network and driving new development and enthusiasm for the cryptocurrency.
Weiterlesen »
New on HBO and HBO Max: May 2023The Other Two season 3, The Conjuring, Love to Love You, Donna Summer, and more.
Weiterlesen »
Fidelity Analyst on Bitcoin's Recent VolatilityFidelity Digital Assets Research Analyst Jack Neureuter joins 'First Mover' live at Consensus 2023 with his market analysis following bitcoin's (BTC) recent volatility. Plus, insights on the market performance amid rising interest rates and the metrics they are watching.
Weiterlesen »
Bitcoin Use Cases Are Seeing ‘Explosive Growth,' Trust Machines SaysBitcoin's use cases are seeing 'explosive growth' and its the 'best thing that could have happened,' says TrustMachinesco CEO and Stacks co-founder muneeb during a Consensus2023 presentation. FrederickMunawa reports.
Weiterlesen »
Bitcoin Extends Dominance Over Alts as BTC Stable Above $29K: Market WatchAs the week and the month come to an end, BTC stands above $29,000, while ETH is at $1,900.
Weiterlesen »
Veteran Trader Peter Brandt Predicts Bitcoin (BTC) Breakout Against AltcoinsBitcoin (BTC) set to outpace altcoins in upcoming breakout: Peter Brandt BTC $BTC PeterBrandt
Weiterlesen »