Bitcoin Transactions Soar: Ordinals' Impact on Blockchain
1For more information go to https://metanews.com/grayscale-bullish-about-ordinals-impact-on-bitcoin/
The passage describes the recent increase in the number of daily bitcoin transactions, which reached a new high over the weekend. This growth highlights the growing usage of the blockchain that powers the world's leading digital asset. The passage also discusses the recent success of Ordinals, a protocol that lets users create NFTs on bitcoin. Although it has only been in use since January, the protocol has already made a significant impact on the network, with the number of inscriptions surpassing 2.5 million.
0:00 Intro
0:04 Grayscale
0:24 Ordinals
0:38 Bitcoin Success
0:50 NFTs
1:05 Outro
While some hard-line bitcoiners are opposed to the protocol, Grayscale argues that bitcoin-based NFTs are positive for two key reasons: they boost mining fees and "potentially contribute to a cultural transformation within the bitcoin community." #bitcoin #cryptocurrency #blockchain #nfts #ordinals #grayscale #digitalassets #transactions #mining #cryptoadoption #innovation