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

May 9, 2023
in Crypto Exchanges
Reading Time: 1 min read
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Fast Take

Inscriptions which is the method of writing knowledge into the blockchain by way of the Witness portion of a Bitcoin transaction.
The full rely of Inscriptions is now approaching 5 million; as you’ll be able to see, it predominately comes from text-based inscriptions.
Inscriptions have additionally generated a cumulative charge of 904 Bitcoin.
This advantages miner tremendously, however is that this right here to remain? If a real recession had been to happen, would we nonetheless see the demand?

Inscriptions: (Source: Glassnode)
Inscriptions: (Supply: Glassnode)
Cumulative fees: (Source: Glassnode)
Cumulative charges: (Supply: Glassnode)

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

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Tags: BitcoinEarningsEconomicFutureInscriptionsMinersNearingUncertainty
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