Binance Pool Rolls Out Ordinals Inscription Feature

Binance Pool Rolls Out Ordinals Inscription Feature



Binance Pool, a Bitcoin mining pool, is introducing a new service called Ordinals inscription, allowing users to tag satoshis, keep records of ownership, and more. To use this feature, one must have a verified account and a Taproot address, the latest Bitcoin address format implemented in 2021. Despite a dip in Bitcoin's value and reduced interest in non-fungible tokens (NFTs), Ordinals inscriptions continue to be widely used on the Bitcoin network. According to a report released on August 21 by the Ordinals Protocol, 84.9% of the 530,788 transactions on Bitcoin were inscriptions. Thus, Binance Pool's shift towards focusing on Ordinals seems reasonable.



In the midst of regulatory challenges, Binance continues to be a subject of public attention. The platform is in a legal battle with the U.S. Securities and Exchange Commission (SEC)


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#Binance, #BinancePool, #Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Satoshis

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