What is Gwei?

Artificial Intelligence (AI) has been attracting attention for years, but the sector truly blew up with the launch of ChatGPT. The new chatbot by OpenAI ended up being more advanced than any AI product so far. It attracted the attention of investors, tech enthusiasts, and even Wall Street.

Stablecoins are cryptocurrencies that are pegged to another currency or asset class. Usually, this ‘peg’ is a fiat currency such as USD or EUR, but it can also be a commodity such as gold. Being pegged to an asset means the stablecoin’s value is meant to track the value of its peg. This, in theory, makes stablecoins a less volatile form of cryptocurrency. There have been instances, however, of stablecoins losing their pegs so the stability of their price isn't guaranteed.

Now that the 2024 Bitcoin halving is complete, many in the crypto community are looking at new ways to use their Bitcoin. One option in the spotlight is staking. Because Bitcoin uses the Proof of Work technique, it doesn't support staking directly. However, the community has come up with creative ways to navigate this limitation and enable Bitcoin staking.

ORDI is a new kind of token built on the Bitcoin blockchain. It uses a technology called ordinals to store data directly on Bitcoin's smallest units, called satoshis. This opens up new possibilities for creating and managing digital assets on Bitcoin.

Runes is a new development in the Bitcoin ecosystem that emerged in early 2024. The protocol applies Bitcoin's underlying UTXO (Unspent Transaction Output) system to create a fungible token standard. As such, Runes makes creating and managing digital assets on the Bitcoin blockchain easier, and could extend Bitcoin's functionality beyond just buying and selling the token.

The ordinals protocol has helped to educate more people about the value of digital collectibles or, as the creator of the protocol Casey Rodarmor coined them, "digital artifacts". The protocol's arrival allowed for custom data to be inscribed on satoshis — the smallest unit of Bitcoin. And, given the significance of the Bitcoin network and its underlying technology, rare satoshis — aka rare sats — have emerged as popular collectibles marking significant events connected to Bitcoin.