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Bitcoin Magazine Inscribes Cover of Latest Print Issue As Recursive Ordinal

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Bitcoin Magazine has just launched its latest Ordinal inscription, honoring the new tradition of publishing the print edition covers directly to the Bitcoin blockchain.

This time, the company inscribed both the front and back cover of the magazine, as the “Withdrawal Issue” shows a unique full-spread design, complete with the spine.

Differently from previous launches, Bitcoin Magazine’s Q3 print magazine cover was inscribed leveraging state-of-the-art recursion technology, which has become popular with users of the Ordinals protocol.

Recursion works by allowing an inscription to reference other inscriptions previously added to Bitcoin. Many different use cases can arise from such an arrangement, and in this case the goal was to achieve print-quality digital image, while lowering the storage requirements as much as possible.

To achieve this, the team started with a 10.3 megabyte (MB) JPEG file of the front and back cover spread, chopped it up into 20 equal tiles, and exported each to make 20 new JPEGs. After the image file was cut into 20 separate files, the total size of the files dropped down to 2.9 MB. Next, each tile was converted into a WEBP file, which is more space efficient than a JPEG while retaining most of the quality. This step brought the total file size down to 1.6 MB, with the file sizes ranging from 28 to 134 kilobytes (KB). Each tile was then separately inscribed to the Bitcoin blockchain, allowing them to be referenced later by the main inscription, which would pull them all together.

Similar to the way a puzzle is completed, the main inscription leverages simple HTML code to piece together the 20 tiles into a cohesive canvas that is displayed on screen when users navigate to an Ordinals explorer. The pieces seamlessly fall into place to create the original cover of the magazine, all while being orders of magnitude more efficient and near the same quality as the original 10.3 MB image –– even though the final inscription is just a little over 3 KB, and the total size of the data added to Bitcoin is just over 1.6 MB in total. In contrast, the largest inscription ever –– Bitcoin Magazine’s Q2 2023 cover –– took almost a full block to inscribe, at 3.95 MB.

Recursion is meaningful because it allows huge files to be inscribed in a way that doesn’t add nearly as much data on chain as an outright inscription of the original image would lead to. Additionally, the technique allows for greater participation from collectors, as each tile can be separately owned, in addition to the main inscription –– a total of 21 inscriptions for this cover.

Without recursion, Bitcoin Magazine would need to coordinate with a mining pool to inscribe the 1.6 MB image, as the inscribing transaction would be larger than the maximum 400 KB of a standard transaction. With recursion, not only there is no need to circumvent Bitcoin Core’s standardness rules, but the end result is both cheaper and more efficient.

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Forbes Predicts 1700% Shiba Inu Coin Price Rally, Could Shiba Shootout Also Explode? – Branded Spotlight Bitcoin News

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Shiba Inu has once again captured the spotlight with the token seeing a significant price rise with the recent market uptick. According to a recent Forbes

​ Shiba Inu has once again captured the spotlight with the token seeing a significant price rise with the recent market uptick. According to a recent Forbes 

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Mt Gox Funds Arrive at Kraken: Bitcoin and Bitcoin Cash Distributions Expected Soon

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According to a recent update from Kraken, the centralized cryptocurrency exchange has received funds from the Mt Gox trustee.

​ According to a recent update from Kraken, the centralized cryptocurrency exchange has received funds from the Mt Gox trustee. 

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Bitso to Bring Bitcoin Lightning to its 8 Million Users via Lightspark

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Leading Latin American crypto exchange Bitso has partnered with Lightspark to integrate the Bitcoin Lightning Network onto its platform. This will introduce faster, cheaper Bitcoin transactions to Bitso’s user base of over 8 million retail clients and 1,700 institutional customers.

Bitso will leverage Lightspark’s infrastructure to enable Lightning transfers. Lightspark will host the nodes while Bitso retains control of the private keys in a remote signing setup.

The integration comes as Lightning Network adoption spreads globally, making payments with Bitcoin faster, smoother and less expensive.

According to Bitso’s research, 53% of crypto wallets in Latin America hold Bitcoin. Trading pairs against local fiat currencies are also widely used. Thus, Lightning is a natural fit to upgrade Bitso’s existing infrastructure.

Daniel Vogel, co-founder and CEO of Bitso, said, “We’re thrilled to partner with Lightspark to bring Lightning to our platform. This advances our mission of making crypto useful by delivering faster, more cost-effective, and transparent money transfers.”

With Lightning, Bitso can offer near-instant Bitcoin transactions at a fraction of the cost of regular on-chain Bitcoin payments. This unlocks new potential payment and remittance solutions for both retail and enterprise clients.

Lightspark CEO David Marcus said Bitso “shares our vision of building open payments for the Internet. This gets us closer to that goal. We know people across Latin America want this solution.”

As a pioneering Latin American exchange with millions of users, Bitso’s integration of Lightning is a milestone in increasing Bitcoin adoption. 

​ Leading Latin American crypto exchange Bitso has partnered with Lightspark to bring faster, cheaper Bitcoin Lightning transactions to Bitso’s 8 million users. 

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