Unknown user pays a $66 000 fee to encrypt data on the Bitcoin network
To do this, he conducted over 300 transactions with an average fee of $200
08.01.2024 - 13:32
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What’s new? An anonymous user spent about 1,5 BTC (~$66 000) for encrypting data on the Bitcoin network, experts of the Ord io platform report. According to experts, the unknown person performed 332 transactions to encrypt 8,93 MB of data. The average fee amounted to $200.
What else is known? The anonymous user used the Ordinals protocol for encryption. It allows additional data in text or image format to be attached to tiny fractional parts of bitcoin (satoshi), which then become an integral part of the blockchain. The assets created in this way are called Inscriptions. Bitcoin NFTs can also be created using this method.
US Department of Commerce has recognized bitcoin NFTs as cyber threat
Experts referred to the statements of the Bitcoin Core client developer and included the vulnerability in the national registry
In December, an early miner for the first time transferred 1000 bitcoins mined 13 years ago, received for participating in the network between August and November 2010, when they were worth about $100.
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