Posted 12/6/2023, 6:17:00 AM
Inscription Spam Clogs Bitcoin Network, Drives Up Fees
- Inscriptions are exploiting a vulnerability in Bitcoin Core to spam the blockchain, driving up fees and congestion
- Over 260,000 unconfirmed transactions are clogging up the bitcoin network
- Inscriptions bypass Bitcoin Core's limits on transaction data size by disguising data as code
- Supporters say Inscriptions represent an evolution of Bitcoin and give miners more fees
- Some animosity towards Inscriptions is due to profits gained by Ordinals and other missed opportunities