CryptoMediaClub
Sunday, October 12, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Analysis

Beyond JPEGs: Exploring the types of Bitcoin inscriptions

18.12.2023
A A
0
124
VIEWS
ShareShare

Introduced as a means to embed data within Bitcoin transactions, inscriptions—data or information embedded in a transaction that extends beyond the basic financial transaction details—extend the blockchain’s utility beyond financial exchanges. As of Dec. 18, the Bitcoin blockchain has witnessed the addition of approximately 47.36 million inscriptions, marking a notable development in its use.

inscriptions_count
Graph showing the total number of inscriptions on Dec. 18, 2023 (Source: Glassnode)

Inscriptions are important because they represent a shift in how Bitcoin’s blockchain is utilized. Initially focused only on financial transactions, Bitcoin assumed new capabilities following the introduction of inscriptions.

This expansion, however, has not been universally welcomed. Critics of crypto industry argue that inscriptions consume excessive block space, leading to increased transaction fees and potentially rendering the network less accessible for standard financial transactions.

The nature of these inscriptions varies considerably. Text-based or BRC-20 inscriptions, which account for 96% of inscriptions at 45.48 million, are used for various purposes, from simple messaging to creating token standards on the Bitcoin network. In contrast, the 1.41 million image-based inscriptions often serve more complex functions than the NFTs seen in other blockchain ecosystems. Other categories, including audio and video inscriptions, contribute to the diversity but are relatively minor in terms of numbers.

bitcoin inscriptions distribution type
Chart showing the number of inscriptions by type (Source: Glassnode)

The significance of these inscriptions extends beyond their sheer number to their size. Despite their numerical dominance, text-based inscriptions occupy only 3,234.6 MB of data. This pales compared to the 11,736 MB taken up by image-based inscriptions, highlighting a critical discrepancy between the number of inscriptions and their respective data footprint. This distinction is crucial because it directly affects the blockchain’s efficiency in handling data.

inscriptions_distribution_size_by_type
Chart showing the breakdown of inscription file size by file type (Source: Glassnode)

The surge in inscriptions has had a tangible impact on Bitcoin’s transaction landscape. Throughout 2023, inscription-linked transactions consistently outnumbered standard financial transactions. On Dec.17 alone, there were 592,339 inscription transactions compared to 316,276 non-inscription transactions. This shift signifies a growing preference for using the Bitcoin blockchain for more than just monetary exchanges.

bitcoin inscription transaction count ytd
Chart comparing the number of inscription transactions (red) to the number of non-inscription transactions in 2023 (Source: Glassnode)

The predominance of inscriptions, especially those with significant data sizes like images, raises concerns about the sustainability of the blockchain’s performance. High data volume inscriptions can increase block sizes, potentially causing network congestion and higher transaction fees. This situation poses a challenge for the Bitcoin network, balancing its traditional role as a financial ledger with its emerging function as a versatile data storage platform.

The adoption of inscriptions represents a pivotal moment in the blockchain’s history. While offering expanded utility, the widespread use of inscriptions, particularly large-sized ones, may have profound implications for the network’s efficiency and cost-effectiveness. As the blockchain continues to evolve, managing this balance between financial and data transactions will be crucial for maintaining Bitcoin’s functionality.

The post Beyond JPEGs: Exploring the types of Bitcoin inscriptions appeared first on CryptoSlate.

Share10Tweet6ShareSharePin2

Related Posts

How Tether’s $127B in US Treasuries will hit top-5 foreign holders by 2033
Analysis

How Tether’s $127B in US Treasuries will hit top-5 foreign holders by 2033

11.10.2025
0

Tether’s accumulation of United States Treasuries puts the stablecoin issuer on a path to enter the top five foreign holders...

Read moreDetails
If the debasement trade would catapult Bitcoin, why is the market down?

If the debasement trade would catapult Bitcoin, why is the market down?

11.10.2025
Bitcoin’s whipsaw to 101k wipes out $7B in leveraged positions

Bitcoin’s whipsaw to 101k wipes out $7B in leveraged positions

11.10.2025
Can Bitcoin really reach $150K, what would it take?

Can Bitcoin really reach $150K, what would it take?

11.10.2025
Powell’s silence on rates to fuel Bitcoin’s path toward $150,000

Powell’s silence on rates to fuel Bitcoin’s path toward $150,000

10.10.2025
Load More
Next Post
CBDC Market Volume to Grow to $5 Trillion in Next 10 Years

CBDC Market Volume to Grow to $5 Trillion in Next 10 Years

4 1 vote
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

CryptoQuant CEO says US could feasibly cut debt by embracing strategic Bitcoin reserve

CryptoQuant CEO says US could feasibly cut debt by embracing strategic Bitcoin reserve

10 months ago
Altcoins WIF, BONK, RUNE And JUP Drop 10% As Bitcoin Recedes 4%

Altcoins WIF, BONK, RUNE And JUP Drop 10% As Bitcoin Recedes 4%

1 year ago
Spot Bitcoin ETF approval to propel BTC to $1M in ‘days to weeks,’ says Samson Mow

Spot Bitcoin ETF approval to propel BTC to $1M in ‘days to weeks,’ says Samson Mow

2 years ago
Ark Invest calls blockchain and AI the key to revitalizing economy with deflation coming

Ark Invest calls blockchain and AI the key to revitalizing economy with deflation coming

12 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Early Bitcoin Whale Shorted $1.1B Right Before Tariffs, Now Up $27M – How Did He Know?

Crypto Market Flips from ‘Greed’ to ‘Fear’ in 24 Hours – More Crash Coming?

‘This Felt Different’: Why Friday’s Crypto Crash Made History

XRP Price Prediction: XRP is Expected to Surpass $30 by 2026, and Holders Can Have Their Coins Work for Them Using Arc Miner

Ethereum Price Prediction: Is the Flash Crash a Buying Opportunity for Long-Term ETH Holders?

How Tether’s $127B in US Treasuries will hit top-5 foreign holders by 2033

Trending

IOTA Miner: A New Path for BTC, XRP, and BNB Investors
All news

IOTA Miner: A New Path for BTC, XRP, and BNB Investors

12.10.2025
0

As the cryptocurrency market enters a new growth cycle, global investors are shifting their focus from short-term...

A New Opportunity for XRP Investors: Easily Participate in Cloud Mining through PAXMINING

A New Opportunity for XRP Investors: Easily Participate in Cloud Mining through PAXMINING

12.10.2025
Fed Cuts Rates, Bitcoin Breaks Records — Join Invro Mining to Embark on BTC Journey

Fed Cuts Rates, Bitcoin Breaks Records — Join Invro Mining to Embark on BTC Journey

11.10.2025
Early Bitcoin Whale Shorted $1.1B Right Before Tariffs, Now Up $27M – How Did He Know?

Early Bitcoin Whale Shorted $1.1B Right Before Tariffs, Now Up $27M – How Did He Know?

11.10.2025
Crypto Market Flips from ‘Greed’ to ‘Fear’ in 24 Hours – More Crash Coming?

Crypto Market Flips from ‘Greed’ to ‘Fear’ in 24 Hours – More Crash Coming?

11.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz