What Happened on June. 5th | Bitcoin Cursed Inscriptions

TI Research

Inscriptions have been the hottest topic in the Bitcoin community since early this year. A new term "Cursed Inscriptions" popped up in recent days. What are Cursed Inscriptions?

Many previously unrecognized inscriptions are now indexed by the Ordinals Protocol as "Cursed Inscriptions".

In contrast to normal inscriptions, which are assigned positive numbers, Cursed Inscriptions receive negative numbers. The initial cursed inscription was labeled as -1, and the current count stands at -71,508.

Cursed Inscriptions can be seen as a stepping stone, providing a pathway for previously invalid inscriptions to transform into normal inscriptions with positive numbers. Through an upgrade to the protocol, a specific type of Cursed Inscription can be "blessed" by defining a block activation height. This allows that particular type to be indexed as a regular positive inscription going forward. However, Cursed Inscriptions created before that block height will forever remain negative and cursed. Any new inscriptions of the same type will be assigned positive numbers.

While positive inscription numbers remain unchanged, negative inscription numbers can and will change.If a new edge case is found and a new type of Cursed Inscription is added, the existing Cursed Inscriptions will be reindexed and the new Cursed Inscriptions will be inserted which will shift around the negative inscription numbers.

Biggest Gainers & Losers

Source:TokenInsight Gainers and losers

 

Headlines

SEC Sues Binance and CEO Changpeng Zhao for Securities Law Violations: The U.S. Securities and Exchange Commission is suing crypto exchange Binance and its CEO, Changpeng "CZ" Zhao on allegations of violating federal securities laws on Monday.

Atomic Wallet Hack Losses top $35M, Reason still Unknown: $35 million worth of cryptocurrency assets has been stolen from Atomic Wallet users since June 2, according to an analysis conducted by on-chain investigator ZachXBT. The five largest losses account for $17 million.

Hot projects on the market

Stargate Finance Approved to Add Circle's Euro Stablecoin, the Bridge's Volume at Elevated Level

Multichain's Cross-chain Service on Some Networks Back in Action

Ordinals Protocol Version Update, Supporting Cursed Inscriptions

Other news in case you missed it:

HKMA Drafting Regulatory Framework for Stablecoins, Plans 2nd Round of Public Consultation Within the Year

$ETH Staking on Upward Trend with 0 Withdrawal Waiting time, but 43 Days waiting to be New Validator

Binance

CZ

Bitcoin

TI Research

TokenInsight is a data and research organization for the digital asset market. TI provides comprehensive asset-related data and comprehensive and timely information and research services for digital assets.

delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open