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The Bitcoin blockchain is at the center of an on-going craze for on-chain collectibles that usually sit on other networks beyond Bitcoin. Called Inscriptions, these bits of embedded text, audio, images and other data types exploded in popularity after
the Ordinals project launched in January.
Though this nascent variation of traditional on-chain activity has faced harsh criticisms from some corners of the Bitcoin community.
But the innovative form of demand for block space and transaction confirmations introduces some novel possibilities for revolutionizing the landscape of mining revenue. This article is a mostly theoretical overview of how mining revenue could change soon based on the assumption that Bitcoin inscription activity is not a short-lived fad and will continue to grow in volume and complexity.
Read the complete article here.
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