Deciphering the link between Bitcoin’s [BTC] block sizes and miner fees

The growing popularity of Ordinals inscriptions and BRC-20 has significantly increased the Bitcoin network's block size, posing challenges and implications for miners' efficiency and storage capacity.

blockchain, growth of approximately 24GB. This expansion can be attributed to the increasing popularity of Ordinals inscriptions, which require more block space on the network.

Firstly, miners must store a complete copy of the blockchain on their computers. As the blockchain expands, it demands more storage space, which can pose difficulties for miners with limited capacity or running on resource-constrained devices. Additionally, when a miner receives a new block, they must validate its transactions and ensure their accuracy before adding it to their local copy of the blockchain.s the blockchain grows in size, the validation process naturally takes longer due to the increased volume of data to be verified.

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