Bitcoin NFT

Рудари биткоина су већ зарадили скоро 600 хиљада долара од Ординалсових НФТ трансакција

02/15/2023
Битцоин Етхереум Невс

Битцоин (BTC) miners have earned nearly $600,000 in two months from a new controversial nonfungible token (NFT) protocol called Ordinals that has triggered a surge in user activity.

Шта су Битцоин редни бројеви? 

Ordinals allow users to inscribe data in images and other media types in newly mined blocks on the блоцкцхаин that is otherwise largely used for peer-to-peer (P2P) monetary transactions. 

Fee spent on inscribing Ordinal NFTs on the Bitcoin blockchain. Source: Dune Analytics

Пошто launch of Ordinals in mid-December 2022, users have inscribed nearly 74,000 NFTs into the Bitcoin blockchain, earning miners a cumulative $574,000 in BTC transaction fees to date, подаци from Dune Analytics shows.

These NFTs include “digital artifacts” stemming from clones of projects like CryptoPunks and the Досадни јахтни клуб Апе колекција.

Rising demand for Bitcoin block space

The Ordinals protocol was made possible by Segregated Witness (СегВит) и Тапроот, Bitcoin’s network мека вилица upgrades from 2017 and 2021, respectively.

Релатед: Протокол Ординалс изазива дебату о месту за НФТ у Битцоин екосистему

For instance, the SegWit update effectively increased Bitcoin’s block capacity to four megabytes (4 MB).

Similarly, the Taproot update helps batch and verify multiple transactions together as long as their size does not exceed 4 MB. This feature allows the inscription of data, such as images and videos, in Bitcoin blocks.

Bitcoin Taproot adoption in recent weeks. Source: Dune Analytics

The advent of Ordinals has coincided with Bitcoin’s mean block size jumping from its typical average of 1.5–2 MB to between three and 3.5 MB in early February.

Bitcoin mean block size. Source: Glassnode

Simultaneously, the number of pending SegWit and non-SegWit blocks in the Bitcoin mempool has also increased significantly — the highest since the FTX collapse, како је приказано испод.

The number of pending blocks in the Bitcoin Mempool. Source: Glassnode

On some occasions, Ordinals’ data has been comprising over 50% of Bitcoin block space, према to BitMEX Research.

“This describes a growth in the user base and an upwards pressure on the fee market from usage beyond the typical investment and monetary transfer use cases,” напоменути Glassnode in its weekly report, adding:

“Ordinals are a new frontier […] to observe how it affects and manifests in both on-chain network and investor behavior.“

Ordinals: BTC miners’ new revenue stream? 

Bitcoin miners generate most of their revenue from the network’s block subsidies, i.e., finding or “mining” new blocks. By comparison, the share of miners’ earnings from transaction fees is only about 3%.

Currently, the Bitcoin network rewards miners with 6.25 BTC per block. But this subsidy will drop by 50% to 3.125 BTC in spring 2024 in a преполовити event, which happens every four years. As a result, the share of miners’ revenue from transaction fees is expected to rise over time as block rewards decrease.

To some, Ordinals introduce what’s called рударска вредност која се може издвојити, or MEV, which has been previously associated with mining on Ethereum.

Simply put, MEV is the maximum value that miners can obtain from producing new blocks beyond the block rewards and transaction fees. 

Critics, however, argue that Ordinals is an “напад” that will price out the real financial activity and thus damage Bitcoin’s image as a reliable P2P payments network.

"Bitcoin is designed to be censor resistant,” said Adam Back, co-founder and CEO of Blockstream, adding:

“[It] doesn’t stop us mildly commenting on the sheer waste and stupidity of an encoding. At least do something efficient. Otherwise, it’s another proof of consumption of block-space thingy.“

Овај чланак не садржи савете или препоруке за инвестирање. Сваки потез улагања и трговине укључује ризик, а читаоци би требало да спроведу сопствено истраживање када доносе одлуку.