NFT News Today TheBittimes.com

This morning, Bitcoin Core developers celebrated improved block reconstruction statistics for node operators while conveniently ignoring the reason for these statistics — the downward trend in fees for Bitcoin’s security budget. Reacting with heart emojis and thumbs up to a green chart showing over 80% “successful compact block reconstructions without any requested transactions,” they conveniently omitted red trend lines of the fees that Bitcoin users pay for mining security which powered those green statistics. Block reconstructions occur when a node requests additional information about transactions within a compact block. Although compact blocks allow nodes to quickly relay valid bundles of transactions across the internet, the more frequently that nodes can reconstruct without extra, cumbersome transaction requests from their peers is a positive trend. Because so many nodes switched over in August to relay transactions bidding 0.1 sat/vB across the...

2023 saw a significant decline in crypto ATMs, with more than 5,700 units discontinued. This reduction marks a historic first since the initial deployment of these machines in October 2013. According to the latest data from Coin ATM Radar, the global count of crypto ATMs has decreased from its peak of 39,350 in December 2022 to approximately 33,620, representing a 14.5% decline from the previous high. Bitcoin ATM Installations Growth | Source: coinatmradar.com You might also like: Bitcoin ATM innovator CoinFlip to look beyond kiosks in 2024 Data also shows a fluctuating trend in the deployment and decommissioning of these ATMs throughout the year. January 2023 saw the removal of 1,523 ATMs, followed by 210 in February and a substantial reduction of 3,555 units in March. A brief resurgence occurred in May and June, with nearly 2,500 new installations. However, July marked the highest number of ATM removals, with 4,218 units decommissioned. Regarding market share, 10 ...

Move over Bitcoin, Ordinals on Litecoin and Dogecoin have unleashed a frenzy of transactions. What began with developer Casey Rodarmor creating the Ordinals protocol to “inscribe” text and imagery on the Bitcoin (BTC) network has now made its way to Litecoin (LTC) and Dogecoin (DOGE) sending transaction volume on the two chains surging for the better part of a month.  Recent network activity on Litecoin and Dogecoin networks. Source: BitInfoCharts. On May 18, Dogecoin reached a new transaction volume record, with 1.2 million transactions in a single 24-hour period, according to data from BitInfoCharts. Similarly, on May 10, Litecoin reached its highest ever daily transaction volume with 584,000 transactions. Ordinals first arrived on Litecoin after pseudonymous Twitter user Indigo Nakamoto offered 5 LTC — worth approximately $500 at the time — to anyone who could “port” the Ordinals protocol to the Litecoin network . 5 $LTC to whoever ports this to #Litecoin #Bitcoin #Ordinals https...