Bitcoin inscriptions project OrdinalsBot has minted what it says is the largest file ever on the oldest and most valuable blockchain: the last in a collection of 1,500 “Pizza Ninjas.”
It’s part of a phenomenon in the Bitcoin development community known as “four meggers,” which are files that take up an entire block on the network.
They are called four meggers because they are almost 4 megabytes (MB) big (the maximum size of each block of transactions on Bitcoin). Ordinals collectors consider them valuable due to their visibility on the blockchain.
“There’s more than just bragging rights behind wanting to have the largest file on Bitcoin,” said Toby Lewis, co-founder of OrdinalsBot. “Four meggers will be on the Bitcoin blockchain forever and they already hold significant market value.”
Bitcoin inscriptions, similar to non-fungible tokens (NFTs) on Ethereum, were made possible by the Ordinals protocol. It allows data to be “inscribed” onto individual satoshis, or “sats” (the smallest unit of BTC at 1/100,000,000 of a full bitcoin), making each one unique and potentially valuable.
To build on MicroStrategy founder Michael Saylor’s analogy of Bitcoin as real estate in a cyber Manhattan, minting a four-megger is the equivalent of buying an entire skyscraper rather than a single office or apartment.
