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Brc 20
Bitcoin’s ‘BRC-20’ Explosion Sends Users Scrambling for Options, Including Lightning
The effects of the BRC-20 mints range from halting of bitcoin withdrawals on Binance to frustration with the sudden high costs of making bitcoin payments in places like Africa and South America.
Binance Resumes Bitcoin Withdrawals as Bitcoin Blockchain Fees Jump
Binance resumed bitcoin withdrawals after a second pause, as the Bitcoin network suffers from congestion. This comes as fee rates on the bitcoin blockchain surged to a 2-year high after Taproot enabled inscriptions and BRC-20 to take up coveted block space. Sam Reynolds, CoinDesk Senior Markets Reporter for Asia, breaks down this developing story.
Here's Why Bitcoin Blockchain Fees Have Surged to 2-Year Highs
Fees on the Bitcoin blockchain have surged to two-year highs as the ‘Bitcoin Request for Comment’ (BRC-20) tokens and the rising popularity of the Ordinals protocol drives demand for block space. "The Hash" panel discusses what this means for the Bitcoin community.
Bitcoin Network Congestion Causes Binance to Pause Withdrawals
The world’s biggest crypto exchange has now resumed withdrawals, but problems continue to linger for the Bitcoin protocol.
Pump the BRCs: The Promise and Peril of Bitcoin-backed Tokens
A new way of issuing tokens on Bitcoin is growing fast. So why did their creator warn that they “will be worthless?"
Bitcoin’s Frenzy of Activity Pushes Average Transaction Fee Over $7, Nearly 2-Year High
The average transaction fee on Bitcoin has shot above $7, pushing total fees up nearly fivefold in two weeks, thanks to a surge in Ethereum-style “BRC-20” tokens and NFT-like “inscriptions” on the increasingly popular Ordinals project.
'Bitcoin Request for Comment' Tokens Skyrocket to $137M in Market Value
Interest in "Bitcoin Request for Comment," or BRC-20, tokens built with Ordinals and stored on the Bitcoin base blockchain, has skyrocketed, lifting their market value by several hundred percent. "The Hash" panel discusses the latest development making waves in the Bitcoin community.
