2min chapter

Bitcoin Explained - The Technical Side of Bitcoin cover image

Episode 72: Inscriptions

Bitcoin Explained - The Technical Side of Bitcoin

CHAPTER

Bitcoin's Primary Purpose Is to Make Money

Through the witness, blocks can be bigger. So there's a bit more block space. And then if a fee market develops, so if not all transactions fit into blocks, then transactions will have to outbid each other. If you're using more of the part of the block that's less scarce, then miners are more inclined to include it because they can include more of them. That's how the incentives work. There's a quote unquote discount on using witness data. So that's why using inscriptions is basically cheaper, provide than using operator. Yeah. Okay. Now I think we've now kind of explained what inscriptions are and how they work. And maybe we should get

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode