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

quick take

  • inscription This is the process of writing data to the blockchain via the Witness portion of a Bitcoin transaction.
  • The total number of inscriptions is now approaching 5 million. As you can see, it mostly comes from text-based inscriptions.
  • The inscription also generated a cumulative fee of 904 bitcoins.
  • This brings huge profits to miners, but will this continue? Will we still see demand in the event of a true recession?
Inscription: (Source: Glassnode)
Cumulative charges: (Source: Glassnode)
Cumulative charges: (Source: Glassnode)

Bitcoin Inscription Approaching Post 5M: Future Earnings for Miners Amid Economic Uncertainty first appeared on CryptoSlate.

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