News with the tag "casey rodarmor"

Bitcoin miners have earned less than 2 Bitcoin combined from Runes transactions over the last six straight days — an enormous drop from its record 884 Bitcoin on April 24.

The creator of the Ordinals and Runes protocols discussed his motivations on stage at Consensus 2024.

Only 157 new Runes were etched on Bitcoin on May 13, which contributed to just $3,835 in transaction fees paid to Bitcoin miners.

Bitcoin transaction feese initially faced a short-term surge post-halving, but the network's transaction fees have now stabilized. The post Bitcoin transaction fees stabilize after fourth halving appeared first on Crypto Briefing .

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.

Bitcoin Ordinals inventor Casey Rodarmor says a fungible token protocol like Runes wouldn’t leave as much “junk” on the Bitcoin network as that of BRC-20 tokens.

The Open Ordinals Institute aims to bolster the protocol’s future development as Ordinals inscriptions hit a milestone of 21 million.

The Open Ordinals Institute aims to bolster the protocol’s future development as Ordinals inscriptions hit a milestone of 21 million.

Shortly after founder Casey Rodarmor resigned as caretaker, Bitcoin Ordinals, a popular way to create assets on the blockchain, have topped 10 million inscriptions, marking a significant milestone. Over 25,000 Bitcoin-based tokens have been generated, which furthered the rise once the BRC-20 token s...

On Monday, May 28, 2023, a pivotal landmark was reached as the aggregate quantity of Ordinal inscriptions minted on the Bitcoin blockchain exceeded 10 million in under half a year. Since Ordinal inscriptions’ inception, bitcoin miners have garnered roughly 1,596 bitcoins, valued at $44.37 million. 1...