A bitcoin NFT causes spicy fees, Mastercard’s resignation letter is tokenized, and more nifty news

Share This Post

Users post huge files on the Bitcoin network using the ordinal protocol to occupy block space and pay high fees for doing so.

Bitcoin Ordinal Increases Fees

The Bitcoin-native ordinal protocol will occupy record-breaking space on the blockchain, increasing transaction fees on the network in the process.

A disruptive and newly launched protocol enables non-fungible token (NFT) assets on the Bitcoin main net by injecting content into satoshis.


So far, the inscription has included content such as images, documents including Bitcoin White’s PDF of his paper, and even a fully playable clone of the video game DOOM.

On February 2, independent developer Udi Wertheimer used the Ordinals protocol to create a 3.94-megabyte image of a bald Sauber in sunglasses “admiring the magical Internet JPEGs.” He later tweeted that he had completed “the largest transaction in Bitcoin history.” “

The data size of these registered transactions is much larger than transactions typically executed on blockchains, resulting in higher fees associated with their processing.

A typical Bitcoin transaction can cost a few cents to a few dollars, but by comparison, ordinals can cost tens of dollars.

Figures from the crypto mining data provider Hashrate Index show that the ratio of commissions to block rewards has increased over the past seven days, starting around week 1 and hitting a weekly high of 6.74% set on February 1. jumping up

Mastercard’s NFT lead resigns on unfair terms, sells resignation letter as NFT

The former head of NFT products at payments giant Mastercard spectacularly left the company, publicly criticizing the company for allegedly abusing him and submitting his resignation as an NFT.


Related Posts

SylvaXD Drops Hard-Hitting Underground Anthem “OxyGen”

SylvaXD electrifies with "OxyGen," a powerful new single pulsating with raw energy and infectious vibes. Dive into the underground world of SylvaXD.

“Unveiling the Journey: HAWAII MK’s Evolution from Long Island Roots to International Stardom”

"Discover the inspiring journey of HAWAII MK (BROOKLYN BEEF), from Long Island roots to global recognition in music and business, overcoming adversity and achieving success."

Discovering the Journey of J King: From Darkness to Redemption

Explore J King's inspiring journey from darkness to redemption through faith-driven music.

SupaFuse: Setting the Bar High for Music Streaming Platforms

SupaFuse redefines music streaming with a curated selection, vibrant community, and artist support. Discover a new era of music discovery.

Sonny Bleu, Drumma Boy Fresh, and Fresh Phamily: A Fashion Or Music Collaboration in the Making?

Is a musical revolution brewing in Atlanta? Sonny Bleu's recent fashion choices have sparked rumors of a collaboration with streetwear powerhouse Fresh Phamily, owned by music legend Drumma Boy Fresh.

Ian Chryler’s “Rose Garden” A Review

Rose Garden not only showcases Chrysler's musical prowess but also solidifies his place as a young talent with limitless potential in the hip-hop dance music scene. Stream the compelling love story now on Spotify.
- Advertisement -spot_img