On some occasions, Ordinals' data has been comprising over 50% of Bitcoin block space,"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,""Ordinals are a new frontier [...] to observe how it affects and manifests in both on-chain network and investor behavior."Bitcoin miners generate most of their revenue from the network's block subsidies, i.e.
Currently, the Bitcoin network rewards miners with 6.25 BTC per block. But this subsidy will drop by 50% to 3.125 BTC by spring 2024 in an event called that 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., 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. If Bitcoin Ordinals will take off it’s really good news for Bitcoin mining companies’ revenue, something that’s not reflected in their valuations yet.
Imagine when $ORD will list them all
How about doing an article about a project that's not a joke like bittensor_ ?
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