Bitcoin Rejected at $80K as Inflation Fears Outweigh CLARITY Act Progress: Weekly Recap
BTC's Thursday price spike came to a painful end on Friday.
BitcoinEthereumNews·
The post The videos stored on Bitcoin’s blockchain forever appeared on BitcoinEthereumNews.com. Bitcoin was built to move money, not host home videos. Yet for more than a decade, developers, artists, and trolls have smuggled animated images and video clips into on-chain transaction data. Tens of thousands of archival nodes around the world download them, validate them, and store them or their ownership certificates on hard drives indefinitely. Some of it’s art. Most of it’s just silly. The methods range from elegant to absurd. Some formats wrap a file inside a single transaction’s witness data or stamp pixels into transaction outputs. Other methods slice files into bizarre private keys. A few stash content in Counterparty servers or other pointer-type certificates of ownership. No matter the methodology, one unifying feature is permanence. Once miners confirm a video clip or its metadata within a block, no one can scrub it out. Below is one example per format type. Each video paid a B
Read full articleBTC's Thursday price spike came to a painful end on Friday.
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Strategy said it may fund the transactions using cash reserves, share sales, and possibly Bitcoin sales.
Analysts point to profit-taking, not panic, with ETF outflows at their worst pace since February as 10-year Treasury yield soars.