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Brc 20
Bitcoin Developers Debate Over Censoring Ordinals BRC-20s
The staggering amount of BRC-20 tokens minted via the Ordinals protocol, which clogged the Bitcoin network and sent transaction fees sky-high, has sparked a debate among developers of the blockchain over how to tame the on-chain frenzy. "The Hash" panel discusses the potential implications for the future of Bitcoin's ecosystem.
Frogs, Fevers and Fees: Bitcoin’s New Governance Challenge
The creation of Bitcoin-based meme coins using the new BRC-20 standard has driven up Bitcoin fees as they use more data than a basic Bitcoin transaction. But while some developers in the Bitcoin community are proposing a filter to block Bitcoin NFT projects, such censorship could run counter to Bitcoin's open-source characteristics, CoinDesk's chief content officer Michael Casey argues.
Among Bitcoin Developers, Debate Is Raging Over Whether to Censor Ordinals BRC-20s
Despite calls for censorship, many developers agree that maintaining the status quo is the right thing to do for now.
Bitcoin Transaction Fees Surge Amid BRC-20 Frenzy
With the rise in the use of inscriptions and the BRC-20 token standard, fee rates on bitcoin are around 100 to 200 times more expensive than normal. "All About Bitcoin" host George Kaloudis discusses the impact of rising transaction fees on the network.
Coinbase Newsletter Flags Rise of Pepecoin and BRC-20 Tokens, Irks Crypto Twitter
The crypto exchange said meme coins allow investors to make big profits in a short period of time but warned of long-term investing in these tokens.
If Bitcoin Can’t Handle a Few JPEGs, How Can It Handle the World?
Network congestion from ordinals and BRC-20s is a stress test – and Bitcoin is failing.
Bitcoin in El Salvador Is 'No Longer an Experiment': Asobitcoin President
Bitcoin transaction fees are, on average $20 per transaction and it surged to as high as $30 on Wednesday morning on the rising popularity of BRC-20 tokens. Asobitcoin President Will Hernandez dissects how this is impacting Salvadoran's use of the cryptocurrency on the ground in El Salvador.
Litecoin Transactions Hit Record High as Bitcoin Fees Surge Amid BRC-20 Frenzy
Transaction fees on the Bitcoin blockchain have hit a two-year high due to the rising popularity of so-called BRC-20 tokens.
Bitcoin Cash Rises 11% but Gains Could Be Short-Lived
The token was up 11% on the day, but analysts think the cryptocurrency will not be able to sustain its gains.
