Leading non-fungible token marketplace Magic Eden announced on October 22 that it would pause trading of BRC-20 tokens. The firm called this a precautionary measure to protect its users while a complete consensus on Ordinals Inscriptions is reached.

We’ve temporarily paused BRC-20 trading to best protect users until full ord consensus across all BRC-20All other trading remains live on Magic Eden in the meantime!

— Magic Eden on Bitcoin (@MEonBTC) October 22, 2023

Upgrades Pushed Miners’ Revenue to Record Highs

The usage of the Bitcoin BRC-20 protocol and Ordinals Inscriptions surged to record highs when they were introduced, but now the situation has made a 180-degree…

Read more on bitcoinnews