The Bitcoin network is facing a critical turning point. As mining rewards continue to decline, the development of the Bitcoin ecosystem becomes increasingly important. This not only concerns the future of Bitcoin but also directly affects the earnings of the miners who maintain network security.



Currently, the most eye-catching aspect of the Bitcoin ecosystem is the BRC20 protocol, also known as the "Inscription" technology. This innovation has been developing for over two years and has gradually formed a strong consensus in the market. Although it is still in the early stages with a relatively low market value, its activity is remarkable.

There is a BRC20-based token that is particularly noteworthy. Its holding addresses have exceeded 110,000, and its daily trading volume, turnover rate, and number of new addresses are among the best in its category. These metrics indicate that the token is rapidly accumulating consensus and may become an outstanding asset in this bull market.

This emerging force in the Bitcoin ecosystem not only provides new opportunities for investors but also injects vitality into the entire Bitcoin network. It could become a key factor in driving Bitcoin from a mere store of value towards broader utility.

As the market evolves, we will witness how the Bitcoin ecosystem responds to challenges and expands new application scenarios while maintaining its core value proposition. In this process, innovations like BRC20 will play an important role, possibly paving a new development path for Bitcoin.
BTC0.08%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Share
Comment
0/400
GasWastervip
· 07-22 14:50
wen lower gas fees smh...these brc20 tx are bleeding me dry
Reply0
GameFiCriticvip
· 07-22 14:50
On-chain indicators are exploding, this project indeed has potential.
View OriginalReply0
Degentlemanvip
· 07-22 14:40
Miner Day is not easy either.
View OriginalReply0
SybilSlayervip
· 07-22 14:37
The only legitimate Bitcoin
View OriginalReply0
MEVHunterLuckyvip
· 07-22 14:30
Miners are all grinding inscriptions now.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)