CandleFocus This Group of Altcoins Was One of the Biggest Waves of Excitement in 2023: Now Binance Breaks Bad News
2024-12-10
Author: Content Editor
Binance, a popular cryptocurrency exchange, has removed the inscription marketplace from its wallet feature. The inscription marketplace supported BRC-20 tokens and other blockchain inscription assets, symbolizing the platform's entry into the rising trend. While the removal of the marketplace won't impact the trading of inscription-themed altcoins like ORDI and SATS, it might have a negative effect on the concept of inscriptions. Bitcoin inscriptions gained attention in 2023, with some viewing them as groundbreaking but others questioning their longevity. The concept of Bitcoin ordinals emerged in early 2022, allowing users to embed data into the Bitcoin blockchain and create non-fungible tokens. This technology spread to Ethereum and other EVM-compatible blockchains. With Binance's decision, the future of inscriptions becomes more uncertain.
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