Bitcoin Inscriptions nearing 5M: miner’s future earnings amid economic uncertainty

Quick Take

• Inscriptions which is the process of writing data into the blockchain via the Witness portion of a Bitcoin transaction.
• The total count of Inscriptions is now approaching 5 million; as you can see, it predominately comes from text-based inscriptions.
• Inscriptions have also generated a cumulative fee of 904 Bitcoin.
• This benefits miner tremendously, but is this here to stay? If a true recession were to occur, would we still see the demand?

The post Bitcoin Inscriptions nearing 5M: miner’s future earnings amid economic uncertainty appeared first on CryptoSlate.