Analysis of the Efficiency of Using the OP_RETURN Field in Bitcoin for Storing Inscriptions of Various Sizes

Abstract:

This article analyzes the efficiency of the OP_RETURN field in the Bitcoin blockchain for storing inscriptions and explores possibilities for optimizing this process. Through an experimental analysis of inscriptions of varying sizes, the impact of data size on transaction costs and confirmation speed was examined. The results demonstrated that larger inscriptions increase both transaction fees and the time required for confirmation, which can be a significant cost factor in blockchain applications. Optimization using compression and hashing serves as a practical method for reducing inscription size, thereby lowering costs and improving performance.