In the wake of Bitcoin’s inscription phenomenon, Ethereum Virtual Machine (EVM)-compatible chains are experiencing a surge in similar practices, leading to unexpected service outages and a little confusion over their use. EVM Chains Face Surge in Token Inscriptions Over the past year, Bitcoin inscriptions have surged in popularity due to the advent of Ordinals, significantly […]
Recent data, analyzing the seven-day average of Bitcoin’s hashrate, reveals yet another lifetime peak in the network’s performance. On Dec. 20, 2023, Bitcoin’s hashrate climbed to an unprecedented high. The seven-day simple moving average (SMA) indicates that the hashrate hit 527 exahash per second (EH/s), surpassing the former high of 507 EH/s recorded on Dec. […]
As bitcoin’s value soared to heights last witnessed on April 6, 2022, a multitude of crypto assets have also reaped benefits from the surge of the premier cryptocurrency. Yet, despite a significant number of these digital currencies experiencing substantial increases, surpassing even bitcoin in percentage gains, they have yet to approach the peak values achieved […]
In the recent surge in the cryptocurrency market, the BRC20 token ORDI has experienced substantial growth. This week, it reached a new milestone with its market capitalization surpassing the $ 1 billion threshold. The token’s value has soared by 676% in the past month and by 189% in just the last week alone. ORDI …
Bitcoin marked its second most active day for transactions on December 3, 2023, as the cryptocurrency’s value soared past the $ 40K mark. This surge in activity comes closely after the record-setting day of November 19, 2023, when bitcoin miners validated 710,579 transactions. On Sunday, bitcoin miners authenticated a total of 707,876 transactions during …