2024

Bitcoin

April

Donald Trump

<h4><strong>This move by <a href="https://www.altcoinbuzz.io/?s=trump" target="_blank" rel="noopener">Trump</a> highlights his involvement with current digital trends. </strong></h4> 
<p>It shines a light on the emerging field of digital artifacts on the Bitcoin blockchain. Let’s discover more about it.</p> 
<h5><strong>Trump’s Foray into Bitcoin Ordinals</strong></h5> 
<p>The Ordinals Protocol has quickly gained attention for enabling users to inscribe images and other data directly onto the Bitcoin blockchain. This effectively embeds permanent, non-fungible tokens (NFTs) within Bitcoin transactions.</p> 
<p>By inscribing 160 images, Trump has leveraged this innovative technology to possibly create a unique digital legacy that intertwines his political image with the immutable nature of blockchain technology.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">BREAKING: Former president of the Unites States, Donald Trump, just inscribed 160 images into Bitcoin using the Ordinals Protocol:</p> 
 <p>→ <a href="https://t.co/x1QkN9k3UW">https://t.co/x1QkN9k3UW</a> <a href="https://t.co/5v4nJg3m8r">pic.twitter.com/5v4nJg3m8r</a></p> 
 <p>— Ord.io (@ord_io) <a href="https://twitter.com/ord_io/status/1783958700559864289?ref_src=twsrc%5Etfw">April 26, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The act of using such a protocol suggests a growing acceptance and curiosity about blockchain’s capabilities beyond traditional financial uses, reaching into realms of personal branding and historical documentation.</p> 
<p>While the specifics of the images and their content have not been fully disclosed, the sheer volume of this inscription effort by a figure as prominent as Trump marks a significant cultural moment for the technology.</p> 
<h5><strong>More About Bitcoin’s Ordinals</strong></h5> 
<p>The engagement with the <a href="https://www.altcoinbuzz.io/?s=ordinals" target="_blank" rel="noopener">Ordinals Protocol</a> is not just about personal or political statements; it also involves substantial financial commitments. The protocol lists the top five “runes,” or unique inscriptions, that have commanded the highest mint fees:</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="sl" dir="ltr">Top 5 Runes with most mint fees spent:</p> 
 <p>1. SATOSHI•NAKAMOTO: 373.1 BTC ($23.8M)<br>2. Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z: 366 BTC ($23.4M)<br>3. MEME•ECONOMICS: 57.7 BTC ($3.6M)<br>4. MEMEPOOL•SPACE: 42.8 BTC ($2.7M)<br>5. ORDINALS•ARE•DEAD: 39.4 BTC ($2.5M)</p> 
 <p>→ <a href="https://t.co/h6smR2c1zO">https://t.co/h6smR2c1zO</a> <a href="https://t.co/TYWGftgLTg">pic.twitter.com/TYWGftgLTg</a></p> 
 <p>— Ord.io (@ord_io) <a href="https://twitter.com/ord_io/status/1783996809846595846?ref_src=twsrc%5Etfw">April 26, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>&nbsp;</p> 
<p>These figures highlight the significant investments and the value attributed to creating and owning these digital pieces. The highest spender, inscribing under the name “SATOSHI•NAKAMOTO,” has spent over 373 BTC. This showcases the enormous economic impact and potential market that ordinals have created within the cryptocurrency space.</p> 
<h6><strong>Conclusion</strong></h6> 
<p>Donald Trump’s participation in the Ordinals Protocol may serve as a catalyst for further high-profile entries into the space, signaling to both supporters and skeptics of digital assets the undeniable footprint that blockchain technology continues to expand.</p> 
<p>It also opens up discussions about the use of such technologies for personal, political, and artistic expressions on a platform that is globally accessible and permanently recorded.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a></p> 
<div class="youtube-embed" data-video_id="PjtECzihYeA">
 <iframe title="Why SUI Will OUTPERFORM Cardano ADA This Crypto Bull Run" width="696" height="392" src="https://www.youtube.com/embed/PjtECzihYeA?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/donald-trump-inscribes-160-images-in-bitcoin/">Donald Trump Inscribes 160 Images in Bitcoin</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Donald Trump Inscribes 160 Images in Bitcoin

Altcoin Buzz

Other articles published on Apr 29, 2024

Elon Musk's Tesla to Spend $10 Billion on AI Training This Year

Kava Price Crashes Near Multi-Month Low Value: What’s Next?

DTX Exchange Expected to Launch New Blockchain, MATIC Insiders Invest Over $125K Before Imminent ...

MicroStrategy Co-founder’s Bold Bitcoin Move Pays Off, $400M In Profits Revealed

Four Rising Web3 Ecosystems Set to Dominate Next Crypto Bull Cycle: Report

Top 6 Upcoming Crypto ICOs: BlockDAG Dominates DOGEVERSE, WAI, SLOTH, 99Bitcoins, and More With $...

Join our free newsletter for daily crypto updates!