Anonymous Wallet Inscribes 9GB Encrypted Data on Bitcoin Blockchain

To inscribe approximately 9 gigabytes of encrypted data onto the Bitcoin blockchain, an anonymous wallet exchanged nearly 1.5 BTC (roughly $66,000 at the current exchange rate). This was achieved in the course of precisely 332 transactions.

The plurality of transactions incurred fees of approximately two hundred dollars, while the fees associated with the most expensive transactions amounted to thousands of dollars each.

However, thus far, the data that has been engraved remains inaccessible because it remains encrypted.

An inscription-related post was published on the X account of Ordinals Explorer Ord.io, sparking supposition, ridicule, and Rickrolls from X users who pondered the motivations for the actions.

The mechanism that enabled the operation was the Ordinals protocol, which allocates data to individual satoshis, the tiniest unit of Bitcoin.

However, ordinals can be employed to store any type of data, including encrypted text and artwork typically stored directly on the blockchain.

Recently, the Bitcoin blockchain has been utilized for other seemingly peculiar purposes besides the one mentioned in the inscription. A wallet that maintained anonymity transferred $1.2 million to the Genesis wallet, which Satoshi Nakamoto mined earlier this week.

Since 2010, no activity has originated from Satoshi’s wallets, suggesting that the funds have presumably vanished permanently.