Bitcoin inscriptions, a new way to store data on the Bitcoin (CRYPTO: BTC) blockchain, have surpassed 35 million since their inception in January.
Ordinals are digital artifacts that can be inscribed onto Bitcoin using the Ordinals protocol.
They can be anything from text files, images, and audio to videos, and can be used to store a wide variety of data on the Bitcoin blockchain.
According to a report by Galaxy Digital, text files represent the vast majority of Bitcoin inscriptions, accounting for approximately 95% of all inscriptions.
Also Read: People Are Going To Start Cashing Out Bitcoin — Here's Why
Image-based inscriptions account for approximately 3.5% of all inscriptions, with the remaining 1.5% consisting of other types of digital artifacts.
Ordinals Activity Since March: In the first 200 days since the first inscription on Bitcoin, a total of 1.14 million ...