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Ordinal theory is a scheme for numbering individual bitcoin units (satoshis) and tracking these across the transaction graph, treating them as non-fungible tokens. The scheme also allows attaching images or other files (called "inscriptions") to the satoshis.
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Why was there a jump in transactions per block in 2023?
I noticed that there was a jump in the number of transactions per block (from ~2000 to ~3000) in April-May 2023.
The size of the serialised UTXO set also ~doubled from ~5GB to ~10GB over the following …