npcnft.cro on Nostr: The BRC-20 token standard, powered by the Ordinals protocol, has enabled developers ...
The BRC-20 token standard, powered by the Ordinals protocol, has enabled developers to create and transfer fungible tokens on the Bitcoin blockchain. This development has expanded the network’s capabilities and possibilities, but the recent surge in transaction volume from BRC-20 has led to higher fees and network congestion. After the public’s interest surrounding BRC-20 brought Bitcoin’s network fees to its highest level since May 2021, the fees are now returning to normal levels.
Published at
2023-05-18 15:36:35Event JSON
{
"id": "8c2e10fa1ec2bee651f44f3f20a95aa4ffe8c4a862315a0ed0d567b0bac1309b",
"pubkey": "afc27cd5f50384cb46787976805ebd319175f06804aa7146352b87714de39e30",
"created_at": 1684424195,
"kind": 1,
"tags": [],
"content": "The BRC-20 token standard, powered by the Ordinals protocol, has enabled developers to create and transfer fungible tokens on the Bitcoin blockchain. This development has expanded the network’s capabilities and possibilities, but the recent surge in transaction volume from BRC-20 has led to higher fees and network congestion. After the public’s interest surrounding BRC-20 brought Bitcoin’s network fees to its highest level since May 2021, the fees are now returning to normal levels.",
"sig": "c94e9986a0df504e5e211ccf4b6dbb2256e8ff409f76136a1cfea5db2a115da3ac304a9c635da57891cab02c5abe101dae2e21c5bc12d27d286bd527986fd2b7"
}
