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Bitcoin miners have not been operating under normal circumstances for the past several months. Bitcoin’s blockchain has seen a particularly intense degree of demand over the past several months, and it looks like BRC-20s, and to a lesser extent, image inscriptions, all made possible by the Ordinals protocol, bear a great deal of responsibility. Essentially, this protocol enables users to inscribe unique data on the most minute denominations of bitcoin, allowing them to create new “tokens” directly on Bitcoin’s blockchain. This means that quantities of bitcoin worth pennies in terms of their fiat value may nevertheless be bought and sold multiple times, with every one of these transactions needing to be processed through the s
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