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An anonymous wallet spends around 1.5 BTC to inscribe 9 MB of encrypted data on the Bitcoin Blockchain Report.
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The inscription was uploaded on the ‘X’ account of Ordinals explorer Ord.io.
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Taproot upgrade accelerated transaction processing and cost efficiency and increased transaction speed.
As per the data, throughout 332 transactions, an anonymous wallet used around 1.5 BTC worth $67527 as of writing to inscribe nearly 9000 kb of encrypted data onto the Bitcoin blockchain.
However, the most costly transaction cost thousands of U.S. dollars in fees, although most transactions were near $200 or below this. No one can read the inscribed data, as the data remains encrypted.
The inscription was uploaded on the ‘X’ account of Ordinals explorer Ord.io, which prompted X users to speculate on the inscription’s meaning, make jokes, and rickroll each other.
Ordinals are majorly used to store art directly on-chain, th
We współpracy z: https://www.thecoinrepublic.com/2024/01/08/someone-spends-1-5-btc-to-inscribe-9-mb-encrypted-data-report/
