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The Blockspace Market: A Darwinian Forge

[Jul 14 3:48 PM] Bitcoin Magazine The Blockspace Market: A Darwinian Forge Bitcoin is a decentralized and censorship resistant network built around independent participants maintaining and verifying their own copy of the database storing its historical transaction…

Barefoot Mining CEO: Wars Will Be Fought Over Bitcoin Blockspace

[Aug 7, 2024 4:30 AM] Bob Burnett, CEO of Barefoot Mining, a bitcoin mining company providing off-grid “wild” mining services, has declared that wars will be fought over Bitcoin blockspace. In a recent interview, Burnett stated that as bitcoin becomes…

Citrea Launches First ZK Rollup on Bitcoin, Enhancing Blockspace Capabilities

[Feb 6, 2024 9:04 AM] Today, Citrea Team unveils Citrea, the inaugural ZK Rollup designed to elevate Bitcoin's blockspace capabilities through zero-knowledge technology. Departing from traditional scalability solutions that move security and demand off-chain, Citrea…

Bitcoin Fork Discussions Surface Over Block Space Constraints and Ordinals 

[Dec 24, 2023 4:30 PM] While no formal announcement has been made, murmurs of a potential Bitcoin fork are emerging amidst discussions on block space, Ordinal inscriptions, and escalating fees. Such speculation has led some to believe that a significant Bitcoin fork…

Monetary Transfers Readily Displace Inscriptions on Bitcoin, Glassnode Reveals

[Sep 27, 2023 2:00 PM] Ordinal inscriptions have quickly consumed Bitcoin’s available block space since their debut last year, a study by blockchain analytics firm Glassnode found. These text and image files act as “packing filler,” filling any…

Bitcoin Ordinals haven’t wrestled blockspace from money TXs: Glassnode

[Sep 26, 2023 11:25 PM] Inscriptions have been acting more as a "packing filler," stuffed into any remaining space once higher-value monetary transfers are packed into blocks, said the firm.

Gentrification And Bitcoin Blockspace: Economic Parallels With Real Estate

[Sep 19, 2023 11:23 AM] In September 1943, a character whose name nowadays covers the newscasts of half the world was put in charge of what would become a bastion against the offensive tactics from the rest of the European countries. The Second World War counted tens of…

As Ordinal Transaction Dominance Soars, NFT Advocates Question Bitcoin’s Reported Downturn

[Aug 21, 2023 8:30 AM] Metrics reveal a significant day for the Bitcoin blockchain as 411,511 Ordinal inscriptions were minted Sunday, clinching the title of the second most prolific day for inscriptions ever. Additionally, over the past seven days, Ordinal inscriptions…

Bitcoin’s Transaction Backlog Surges Past 400,000

[Aug 20, 2023 10:30 AM] A fortnight ago, unconfirmed BTC transactions dipped under 300,000. However, they’ve since rebounded, surpassing the 400,000 mark. While the average network fee remains under $1, since August 6, it’s fluctuated from $0.77, peaking at…

Bitcoin miners raked up $184M in fees in Q2, surpassing all of 2022

[Jul 5, 2023 7:49 PM] It's been one of the most lucrative quarters for those that profit from Bitcoin transaction fees in nearly two years.

Bitcoin Network Starts to Clear Congestion, Onchain Fees Drop by 90%

[May 11, 2023 8:00 AM] On May 7, 2023, the Bitcoin network was plagued with an overwhelming 500,000 unconfirmed transactions, causing a major bottleneck in the system. However, the good news is that the congestion has been clearing, resulting in a significant reduction…

Bitcoin ‘under siege’ by BRC-20 coins as fees soar, claims analyst

[May 9, 2023 11:07 PM] Bitcoin transactions and fees are at high levels, and 400,000 of them are still unconfirmed on the blockchain.

‘Bitcoin is not under attack:’ BTC maxis allay fears of a DoS offensive

[May 7, 2023 10:39 PM] Concerns circulated on Crypto Twitter of a denial of service (DoS) attack on the Bitcoin network.

Btcpay Introduces New Coinjoin Plugin for Enhanced Bitcoin Privacy for Merchants

[Feb 28, 2023 12:30 AM] On Monday, Wasabi Wallet and the open-source bitcoin payment processor Btcpay announced a new plugin for the Btcpay server. The plugin implements Wasabi’s Wabisabi coinjoin coordination protocol, allowing merchants to benefit from privacy…

Bitcoin hits record 44M non-zero addresses, thanks to Ordinals: Glassnode

[Feb 13, 2023 8:22 PM] Glassnode noted that this is the first time in Bitcoin history where the network has been used for purposes other than for monetary purposes.

Debate Intensifies Over Significance and Implications of Ordinal Inscriptions on Bitcoin Blockchain

[Feb 4, 2023 1:00 PM] During the past two weeks, members of the cryptocurrency community have discussed the non-fungible token (NFT) concept known as Ordinals. Since the 3.96 MB block (#774,628) was mined, there has been a significant increase in Ordinal inscriptions on…

Ordinals protocol sparks debate over the place for NFTs in the Bitcoin ecosystem

[Jan 30, 2023 12:30 AM] The community has been divided as to whether the nonfungible token-like “digital artifacts” are the right fit for the Bitcoin space.