Recursive inscription proponents claim the tech can bring DeFi to Bitcoin, create an on-chain AWS competitor — and even a BTC “supercomputer.“
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Recursive inscriptions: Bitcoin ‘supercomputer’ and BTC DeFi coming soon
Recursive inscription proponents claim the tech can bring DeFi to Bitcoin, create an on-chain AWS competitor — and even a BTC “supercomputer.“
Recursive inscriptions: Bitcoin ‘supercomputer’ and BTC DeFi coming soon
Recursive inscription proponents claim the tech can bring DeFi to Bitcoin, create an on-chain AWS competitor — and even a BTC “supercomputer.“
Recursive inscriptions: Bitcoin ‘supercomputer’ and BTC DeFi coming soon
Earlier this year, Ordinals — a unique inscription on the smallest unit of a Bitcoin, called a Satoshi — emerged as a controversial new development. Dismissed by some as spam and embraced by others as a way to bring BRC-20 tokens and NFTs to Bitcoin, the technology stimulated a flurry of developments.
Now there is excitement around “recursive inscriptions,” which is a very confusing yet potentially much more powerful development. Recursive Inscriptions essentially promise to allow more complex functionality to be built on Bitcoin’s blockchain, akin to smart contracts on Ethereum.
Some believe recursive inscriptions could see Ordinals develop from NFTs and “digital artifacts” to underpin a full-blown DeFi ecosystem on Bitcoin very soon. Others are confident it will enable Bitcoin to take on decentralized storage provider IFPS. One person Magazine spoke to believes it will eventually lead to an interconnected supercomputer being built on-chain.
Danny Yang, a Stanford PhD, creator of OCM Dimensions and Bitcoiner since 2013, says recursive inscriptions unlock the next evolution of Bitcoin:
“People won’t believe it when it’s presented to them now. It’s not going to operate exactly like Uniswap, but other high-value digital assets will emerge on Bitcoin. That’s what Ordinals and recursive inscriptions will evolve into. They will become a new form of programmable assets and code.”
GenZ in South Korea prefer XRP and other altcoins to BTC and ETH: Report
A report from a local South Korean publication found that 20% of GenZ investors in the country have XRP as their most selected altcoin.
GenZ in South Korea prefer XRP and other altcoins to BTC and ETH: Report
GenZ cryptocurrency investors in South Korea are reportedly more keen to invest in altcoins, specifically Ripple (XRP) than Bitcoin (BTC) and Ethereum (ETH), according to a local South Korean news outlet.
News1 Korea analyzed data from the crypto exchange Bithumb’s investment data from the first half of the year, particularly keying in on investment propensity by age. It found that investors in their 20s showed a more “aggressive” investment tendency compared to other age groups.
Moreover, GenZ investors showed a higher proportion of investments in altcoins other than BTC and ETH, which are classified in this study as both “long-term” investments and “stable investments” due to their relatively low volatility.
According to the report, 82.5% of investors in their 20s invested in altcoins excluding ETH. XPR was the most selected by GenZ investors with 20.7% holding the digital asset.
An Aug.4 report from the crypto derivatives exchange Bitget said that GenZ makes up nearly half of crypto copy traders.
GenZ in South Korea prefer XRP and other altcoins to BTC and ETH: Report
A report from a local South Korean publication found that 20% of GenZ investors in the country have XRP as their most selected altcoin.
EU Data Act smart contract ‘kill switch’ brings uncertainty
EU lawmakers have reached a political consensus on the Data Act that has a “kill switch” for smart contracts, causing an uproar in the crypto community.
Here’s what the latest Bitcoin price correction reveals
The latest episode of The Market Report analyses the recent Bitcoin price correction to $26,000 and what it reveals about the current market structure.
Iman Europe and The Agenda chat mental health, music, Web3 and The Homies DAO
Musician and The Homies DAO founder Iman Europe sat down with The Agenda podcast to discuss how her Web3-based project promotes wellness among music workers.
Atomic Wallet faces lawsuit over $100M crypto hack losses: Report
Plaintiffs in a new class action suit against the hacked crypto wallet Atomic Wallet say the firm didn't share any information about the hack with clients, and didn't report it to the police.
Atomic Wallet faces lawsuit over $100M crypto hack losses: Report
Plaintiffs in a new class action suit against the hacked crypto wallet Atomic Wallet say the firm didn't share any information about the hack with clients, and didn't report it to the police.
FBI flags 6 Bitcoin wallets linked to North Korea, urges vigilance in crypto firms
Although the likes of Lazarus group have stolen billions of dollars worth of crypto funds, the public ledger technology makes it difficult for them to launder funds as they can be tracked and frozen.
FBI flags 6 Bitcoin wallets linked to North Korea, urges vigilance in crypto firms
Although the likes of Lazarus group have stolen billions of dollars worth of crypto funds, the public ledger technology makes it difficult for them to launder funds as they can be tracked and frozen.
FBI flags 6 Bitcoin wallets linked to North Korea, urges vigilance in crypto firms
Although the likes of Lazarus Group have stolen billions of dollars worth of crypto, the public ledger technology makes it difficult for them to launder funds, as they can be tracked and frozen.
How to put words into a Bitcoin address? Here’s how vanity addresses work
A Bitcoin vanity address is your signature on the blockchain canvas — a custom touch in the realm of digital finance.
How to put words into a Bitcoin address? Here’s how vanity addresses work
A Bitcoin vanity address is your signature on the blockchain canvas — a custom touch in the realm of digital finance.
Bitcoin difficulty jumps 6% to new peak as miners ignore BTC price dip
BTC price action is causing some to panic, but Bitcoin miner confidence in the network is there for all to see.
What are the 3 assets most correlated with Bitcoin?
Bitcoin price is closely linked to several financial assets but the reasons for correlation with certain precious metals and stocks can be quite different.
Sam Bankman-Fried is low on meds, living on $3 peanut butter in prison
FTX founder Sam Bankman-Fried has seemingly been doing it tough behind bars, eating only bread with peanut butter to accommodate his vegan diet, while exhausting his supply of prescription medication.
In the same hearing where Bankman-Fried pleaded not guilty to seven fraud-related charges, Bankman-Fried’s lawyers pleaded for the former FTX CEO to receive better treatment inside Brooklyn’s notorious Metropolitan Detention Center (MDC), according to an Aug. 22 transcript shared by the Inner City Press.
Bankman-Fried’s attorneys claimed that due to the lack of vegan options provided by the prison, he had been forced to subsist on a diet of bread, peanut butter and water. The former FTX boss refused to eat the “flesh diet” being served at the MDC.
Bankman-Fried’s attorney, Mark Cohen, noted that his client hadn’t received his ADHD medication since arriving in prison and was “fearful” they would run out.
“My client takes Adderall... And like many people in the world, he follows a vegan diet. He had not received his Adderall at all, in the last 11 days,” said Cohen.