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Is the 'Gold Rush' Craze Overloading Blockchain Networks? š±
The recent frenzy, dubbed the 'gold rush,' is #straining blockchain networks. Multiple platforms like Arbitrum, Avalanche, Cronos, and others faced outages due to excessive inscriptionsāadding everything from profile pictures to new tokens.
Users exploit lower costs for minting, replicating #ERC-20 success on other chains. Some view it as a way for retail investors to access early-stage crypto assets.
However, analysts debate its rationality, with warnings about influencers promoting questionable coins.
Despite a surge in #Inscriptions spending, Polygon gained traction due to favorable gas fees. This craze has overwhelmed blockchain networks, raising questions about sustainability.
#Binance
#crypto2023
The recent frenzy, dubbed the 'gold rush,' is #straining blockchain networks. Multiple platforms like Arbitrum, Avalanche, Cronos, and others faced outages due to excessive inscriptionsāadding everything from profile pictures to new tokens.
Users exploit lower costs for minting, replicating #ERC-20 success on other chains. Some view it as a way for retail investors to access early-stage crypto assets.
However, analysts debate its rationality, with warnings about influencers promoting questionable coins.
Despite a surge in #Inscriptions spending, Polygon gained traction due to favorable gas fees. This craze has overwhelmed blockchain networks, raising questions about sustainability.
#Binance
#crypto2023