Glassnode noted that this is the first time in Bitcoin history that the network has been used for purposes other than monetary.
The introduction of NFT, known as serial numbers, brings the number of non-zero Bitcoin addresses to an all-time high of 44 million, according to cryptographic analysis service Glassnode.
In a statement on February 13, Glassnode explained that for the first time in Bitcoin's more than 14-year history, part of online activity has been used to transfer money other than personal loan coin bitcoin (BTC):
"this is also a new unique moment in Bitcoin's history, when an independent innovation has created online activities without the need for the transfer of traditional coin turnover from the purpose of lending money."
Glassnode explained that the surge in ordinal numbers has led to a "short-term increase in demand for Bitcoin Internet in the near future", which has brought many "new active users" to the Bitcoin Internet with non-zero Bitcoin account balances:
"the main source of this activity is ordinal," Glassnode said. "instead of carrying a lot of coin payloads, they are information with higher payloads and new active users."
"this describes the basic improvement of users [.] It comes from applications other than typical input and currency transfer test cases, "it added."
New players competing in the block area
Glassnode stressed that serial numbers are now competing for block interior space requirements, which is putting upward pressure on the fee standard market, but stressed that this has not led to a significant increase in bitcoin transaction fees.
According to Glassnode, the maximum block size limit for the average bitcoin has increased from 1.5-2.0MB to 3.0-3.5MB in a few weeks since the serial number was released on January 21.
However, this has not caused the service charge to soar. Despite some brief surges, the Glassnode says it has reached "the new minimum trading fees required by block trading rules" since the January 21 mark.
The key technology behind the Ordinal agreement was achieved through the Taproot soft fork, which came into effect in November 2021. The Bitcoin serial number was released on January 21.
Under the ordinal plan, Bitcoin users can assign arbitrary specific content to Bitcoin-the minimum face value of Bitcoin-which allows them to engrave bitcoin native images similar to unchangeable dynamic password (NFT).
So far, more than 78400 pictures and videos of similar NFT have been recorded.
However, the impact of such similar NFT pictures on bitcoin is not without objection.
Some famous "bitcoin people" such as BlockstreamCEO Glover Palo have recently shown their boredom with serial number contracts, suggesting that it deviates from the effectiveness of bitcoin as a P2P e-cash system software.
However, others are more open to the idea. Dan Holder, who likes Bitcoin, has affirmed in several places that the serial number has brought more financial test cases to Bitcoin.