Mar 28, 02:10 AM

"BlobScriptions" Surge Triggers Exponential Fee Increase in Crypto

The cryptocurrency community has witnessed a significant development as Ethereum and Bitcoin adopt a new feature known as inscriptions, specifically through a method referred to as "BlobScriptions" for Ethereum. These inscriptions have led to a record number of transactions, with Ethereum reaching 2,437 inscriptions on March 27, accounting for 22.8% of total blobs for the day. This surge in activity has not only highlighted the growing interest in inscriptions but has also triggered a notable increase in the Blob Base Fee, which is reported to be rising exponentially. The phenomenon has drawn attention from various corners of the crypto world, with platforms like @mempool adding filters for inscriptions and the market responding to the increased activity around blob inscriptions.

#Ethereum #Bitcoin #Blob Base Fee

Written with ChatGPT (GPT-4).