American Bitcoin Mining company MARA has placed a photo of President-elect Donald Trump on the cryptocurrency blockchain ahead of his return to the White House.
In a Friday post on X (formerly known as Twitter), the publicly traded company said it had placed a photo of the soon-to-be-returned leader on the block to "honor" his impending inauguration on Monday. President-elect Trump has said it will help the digital asset industry and has received widespread support from Bitcoin users.
A picture of the president-elect appears on Block 879613. The company, which trades on the Nasdaq stock exchange, added that it has also included the Bill of Rights and the US Constitution in the bloc.
“Bitcoin’s commitment to freedom aligns with eternal American principles,” the company said. “Using our MARA pool, we have permanently merged the Bill of Rights and the US Constitution into this block, keeping them forever on the Bitcoin network.”
Images and text can be inserted into the Bitcoin blockchain - which consists of blocks containing transaction information - via... NFT-like arrangement protocolBut what MARA did was different.
Because the miner controls which transactions are processed, he or she was able to select certain data that corresponded to different colors to form the image of the president-elect. In other words, what you're seeing is a purposeful arrangement of data to create an image of Trump, as opposed to collages that use hundreds or thousands of small images to create a larger image of a person.
Bitcoin miners Working to process the transactions and blocks that make up the cryptocurrency ledger. Such operations are usually large warehouses full of computers that keep the network running, because The increasing difficulty of Bitcoin mining.
President-elect Donald Trump He campaigned To help the digital asset industry and even pledge To specifically help Bitcoin users, claiming that all remaining coins should be mined on US soil.
the Bitcoin price He rose on the back of Trump's November 5 shock. winsand He hits New all-time high above $108,000 in December. Bitcoin reached nearly $106,000 on Friday in its pre-inauguration high, close to matching its peak price.
Modified by Andrew Hayward
Daily debriefing Newsletter
Start each day with the latest news, plus original features, podcasts, videos and more.
Source link