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Why a gold rush for inscriptions has broken half a dozen blockchains

December 19, 2023


The latest degen “gold rush” to inscribe everything from profile pictures to memecoins has led to at least half a dozen blockchain networks cracking under pressure over the past week.

Arbitrum, Avalanche, Cronos, zkSync and The Open Network have all experienced partial or full outages recently due to inscriptions, with modular data availability network Celestia the latest to cave, according to industry researchers who posted a screenshot of its block explorer on Dec. 18.

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