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At the moment I am writing this question, the network is extremely bloated with, more than 60k transaction in the mempool. Inspecting the recent transactions, I found 4 very weird examples, at least very weird for me:

All these transactions have more fees than what they are sending as output to the receivers, unless I am interpreting it wrongly.

Why would someone do something like that? I can't think of any reasonable non-malicious reason for that.

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My guess is those are Ordinals Inscriptions (NFTs). They typically have a single output of 10000 Satoshi (about $28 US).

Update: Yes, typical huge witness data in one I checked. So fee correspondingly higher. Some ordinals are small though.

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  • If you tie an inscription (NFT) with a small output, like 10000 satoshi, wouldn't it be a problem to transfer/sell the NFT to another address later on, because you need to pay the transaction fee? Are you essentially limiting how many times one can transfer the incription?
    – DeLorean88
    May 8, 2023 at 15:33
  • @Delorean, You should ask that as a New Question May 8, 2023 at 15:42

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