News with the tag "BRC20"

According to Kaiko AI Research, Chain Abstraction soared 673% between January and August 2024. This remarkable growth makes it the highest-ranked token standard by growth rate among the top four cryptocurrency narratives. In contrast, BRC20, the blockchain standard of the Bitcoin network, plummeted ...

In a significant milestone for Bitcoin-based non-fungible tokens (NFTs), the combined market capitalization of popular collections such as Ordinals and Runes has surged past $1 billion, according to Coingecko. This growth is underscored by increasing trading volumes and user adoption, signaling a ro...

Although it may be undervalued at present, the SRC20 protocol distinguishes itself among protocols operating on the Bitcoin network due to its unmatched data permanence, a new report has claimed. The study also found that the protocol’s impending cost-reduction upgrade renders it an attractive optio...

According to recent data, transactions linked to the Runes protocol have been notably high in block utilization since its implementation on April 19. Figures from April 23 show that transactions involving Runes accounted for 81% of block usage on that day. In contrast, traditional financial activiti...

Following the recent Bitcoin halving event, Bitcoin miners experienced a surge in activity despite the significant 50% reduction in mining rewards. This uptick in mining profitability was attributed to the heightened demand and increased Bitcoin transaction fees facilitated by the Runes protocol. As...

Soon after the Bitcoin halving event last Friday, the Bitcoin miners had a gala time despite the 50% drop in the mining rewards. Thanks to the frenzy around the Runes protocol that skyrocketed the Bitcoin transaction fees. The Bitcoin Web 3 space is once again buzzing with activity in April driven s...

Bitcoin’s upcoming halving is set to turbocharge an already exciting new presale that has just started for 99Bitcoins ($99BTC), a revamped educational platform that monetizes education for end users through its pioneering new Learn-to-Earn rewards model. 99Bitcoins has always provided best-in-class ...

A coalition of Bitcoin developers have rallied to govern the BRC-20 fungible token standard as the Ordinals protocol surges in popularity. The coalition, which calls itself the Layer 1 Foundation, announced its new BRC-20 governance structure in a lengthy tweet on X on Monday. The Layer 1 Foundation...

After ending a bearish correction last month, Ordi showed strong signs of strength and increased to its highest price level in a month. It saw a rejection and paused buying. An explosion is expected once the price increases above January’s high. Last month, Ordi had a bearish stopover at $48

Binance just introduced a one-stop shop allowing users to mint and trade thousands of tokens in Bitcoin and Ethereum’s emerging inscription ecosystems. The world’s largest crypto exchange says the newly launched Binance Inscriptions Marketplace enables users to buy, sell and inscribe Bitcoin’s BRC-2...