• Block size growth driven by Ordinals inscriptions and BRC-20 impacts the Bitcoin network.
• Bitcoin mining fees witnessed a historic rise as mining difficulty increased.

In recent days, the rise of Ordinals inscriptions and BRC-20 showed a significant impact on the Bitcoin’s [BTC] network, even down to its block size. The latest data revealed that the block size has increased and could grow further. This begs the question: what implications does this have for the network’s miners?

Read Bitcoin (BTC) Price Prediction 2023-24

Bitcoin block size projections

Glassnode’s data indicated a notable surge in the size of the Bitcoin blockchain, growth of approximately 24GB. This expansion can be attributed to the increasing popularity of Ordinals inscriptions, which require more block space on the network.

As of this writing, the blockchain’s size stood at 479.9 GB. However, the duration of this inscription trend remains uncertain, though there are projections concerning the potential future size of the blockchain.

These projections hinge on whether a full 4MB

Go to Source to See Full Article
Author: Suzuki Shillsalot

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details