BTC has many difficulties
As of June 18, the latest figures reveal more than 12.49 million conventional inscriptions have been recorded on the Bitcoin blockchain. Trending inscriptions has brought significant profits to bitcoin miners, who have amassed 1,732 BTC equivalent to $46 million using today's exchange rates. However, the BRC20 economy, which experienced a significant drop in value, has suffered as a result of bitcoin's recent plunge throughout the past week.
Current statistics reveal that 90.7% of all inscriptions consist of plain text, while the rest include various file formats such as JPEG, PNG, SVG, GIF, video files, software and application files. Of the overall inscriptions, a significant 11,259,647 consist of plain text only.
While the number of conventional inscriptions continues to grow, the BRC20 economy has experienced a significant decline in value. Current data from brc-20.io indicates that there are currently 34,296 BRC20 tokens worth $141.97 million.
Current statistics reveal that 90.7% of all inscriptions consist of plain text, while the rest include various file formats such as JPEG, PNG, SVG, GIF, video files, software and application files. Of the overall inscriptions, a significant 11,259,647 consist of plain text only.
While the number of conventional inscriptions continues to grow, the BRC20 economy has experienced a significant decline in value. Current data from brc-20.io indicates that there are currently 34,296 BRC20 tokens worth $141.97 million.
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