13 Apr, 2024 Posted by - Admin

The Halving Highlights Why Bitcoin Needs to Upgrade

Into the Halving

The latest halving comes amid significant developments for the asset and protocol, most notably, the proliferation of Bitcoin Ordinals and BRC-20 tokens over the previous year. These assets are already understood as effectively being NFTs that work on top of Bitcoin, and they have unlocked new functionality for the ecosystem that was never possible before.

The popularity of these new digital goods could have a major impact on what happens to miner revenue in the wake of this halving. While this event itself is slashing returns for mining blocks, Ordinals and BRC-20s are driving up network fees, as they are relatively expensive to inscribe and trade.