The hype around Bitcoin Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months, according to JAN3 CEO Samson Mow. The latest hype around Bitcoin (BTC) Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months, according to JAN3 CEO Samson Mow. “These guys are…
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The increasing popularity of Bitcoin NFTs, or Ordinals, will impact posively the security of the Bitcoin network and attract developers to the ecosystem, according to Ordinals proponent Udi Wertheimer. Bitcoin (BTC) NFTs will have a positive impact on Bitcoin ecosystem by improving its security and incentivizing developers to build on the network, according to independent…
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This upgrade focuses on the expansion of the Bitcoin network’s smart contract capabilities and improves privacy on the network. Bitcoin is set to undergo a major network upgrade, Taproot, in nearly two days, i.e., on Nov. 14 or 255 blocks later, as per data from Taproot.watch. This is the first significant upgrade since the Segregated…
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Following Dogecoin’s lead, Ethereum Classic rallied to a new all-time high and Bitcoin Cash doubled as altcoin forks have started to gain traction. It’s undeniable that Bitcoin (BTC) and Ether (ETH) are currently the two most dominant cryptocurrencies, and as a result, they receive most of the attention from the mainstream media, institutional investors and…
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Why do blockchains need transaction fees — and which networks allow crypto to be transferred less expensively? This explained article takes a look. What factors contribute to transaction fee sizes? The two main factors affecting fees are the size of a transaction, and demand for block space. Given that some networks can only contain a…
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Can Bitcoin’s network handle mainstream adoption? As Bitcoin (BTC) continues to pick up mainstream traction, the asset’s blockchain scalability remains an issue, according to Decred co-founder Jake Yocom-Piatt. “There is enough demand for on-chain Bitcoin transactions during peak demand times to completely fill blocks and drive fee rates up substantially,” Yocom-Piatt told Cointelegraph, noting the struggles…
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