{"id":17687,"date":"2023-02-15T22:29:18","date_gmt":"2023-02-15T22:29:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-ordinal-inscriptions-surge-past-100000-mark-spurring-development-of-supporting-infrastructure-bitcoin-news\/"},"modified":"2023-02-15T22:29:18","modified_gmt":"2023-02-15T22:29:18","slug":"bitcoin-ordinal-inscriptions-surge-past-100000-mark-spurring-development-of-supporting-infrastructure-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-ordinal-inscriptions-surge-past-100000-mark-spurring-development-of-supporting-infrastructure-bitcoin-news\/","title":{"rendered":"Bitcoin Ordinal Inscriptions Surge Past 100,000 Mark, Spurring Development of Supporting Infrastructure \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n\n<\/div>\n

According to the latest statistics, more than 100,000 ordinal inscriptions have been added to the Bitcoin blockchain since the start of the trend. Amid the growing popularity, people have launched supporting marketplaces and tools that allow individuals to inscribe without a full node. Additionally, a decentralized Ordinal exchange is reportedly in the works.<\/strong><\/p>\n

100,000 Inscriptions and Growing: Increased Ordinal Inscriptions Lead to Record Bitcoin Metrics<\/h2>\n

Roughly nine days ago, there were fewer<\/a> than 10,000 Ordinal inscriptions on the Bitcoin (BTC<\/a>) blockchain. Since then, inscriptions have increased<\/a> by 1,434%, surpassing the 100,000 mark. At the time of writing, there are approximately 109,988<\/span><\/a> Ordinal inscriptions hosted on the decentralized network.<\/p>\n

Since the inscriptions trend has swelled, a number of individuals and organizations have been building infrastructure to promote more adoption. For instance, gamma.io<\/a> and ordinalsbot.com<\/a> have created tools that allow people to mint Ordinal inscriptions onchain for an added fee on top of the network fee.<\/p>\n

Tools such as these have appeared in more recent times and are allowing users who do not operate a full node to mint inscriptions. The Bitcoin wallet Xverse has launched<\/a> Ordinal support, and people have been discussing<\/a> two Ordinal marketplaces that allow users to buy and sell inscriptions.<\/p>\n

\n

The decentralized Ordinals Marketplace is coming \ud83d\udc40 pic.twitter.com\/AiMVNMZNdO<\/a><\/p>\n

\u2014 Hell Money (@hellmoneypod) February 6, 2023<\/a><\/p>\n<\/blockquote>\n

Furthermore, a decentralized Ordinal marketplace is reportedly coming, according to a recent tweet<\/a> and a clip from the Hell Money Podcast. People have even built a handy calculator<\/a> that estimates the current cost to inscribe on the Bitcoin blockchain. Prior to the Ordinal inscription count reaching 100,000, people were discussing how early they were<\/a> and how many minters hoped to inscribe their messages before reaching the 100K milestone.<\/p>\n

Muneeb Ali, the co-founder of Stacks, a Bitcoin layer for smart contracts, tweeted<\/a> about a new bitcoin web wallet that\u2019s on the horizon and noted that it will support Ordinals, NFTs, and Bitcoin Layer 2 solutions, in addition to native Bitcoin. \u201cNew Bitcoin web wallet release almost ready,\u201d the Stacks co-founder said.<\/p>\n

Since the surge in Ordinal inscriptions, the Bitcoin network has registered the largest increase in Taproot usage in months and the highest transaction fees<\/a> in over a year. Additionally, block sizes above the 3 MB range have become commonplace<\/a> on the Bitcoin network.<\/p>\n

\n
\nTags in this story
\n<\/h6>\n
100000 Ordinals<\/a>, adoption<\/a>, Bitcoin<\/a>, Bitcoin (BTC)<\/a>, Bitcoin Inscriptions<\/a>, Bitcoin web wallet<\/a>, block sizes<\/a>, Blockchain<\/a>, BTC inscriptions<\/a>, Calculator<\/a>, co-founder<\/a>, Cryptocurrency<\/a>, Decentralized network<\/a>, Development<\/a>, Ecosystem<\/a>, Full Node<\/a>, gamma.io<\/a>, Hell Money Podcast<\/a>, infrastructure<\/a>, Layer 2 Solutions<\/a>, Marketplaces<\/a>, minting<\/a>, NFTs<\/a>, Ordinal inscriptions<\/a>, ordinal marketplace<\/a>, ordinal support<\/a>, Ordinal Trend<\/a>, ordinals<\/a>, ordinalsbot.com<\/a>, record usage<\/a>, Smart Contracts<\/a>, Stacks<\/a>, Surge<\/a>, Taproot<\/a>, Tools<\/a>, Transaction Fees<\/a>, Xverse<\/a><\/div>\n<\/div>\n

What do you think the future holds for the development of the Ordinal inscription trend on the Bitcoin network? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

\n
\n\n<\/div>\n
\n
\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

\n
\n
\n<\/a>
\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

\n

Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

\n