One of America’s most famous documents, the crypto world already has a history with the U.S. Constitution
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In 2021, ConstitutionDAO, a decentralized autonomous organization (DAO) or collective of users with a shared goal, raised more than $45 million in the hopes of winning a rare copy of the document via auction.
Key facts
- By comparison, other, simpler Bitcoin transactions around the same time— like a transfer of around 0.01 BTC —registered at 227 bytes, or around 0.5% of the size as the inscription
- The 44.4 kilobyte transaction—significant in size for Bitcoin—cost the user around $83.41 in transaction fees, according to a blockchain explorer
- In 2021, ConstitutionDAO, a decentralized autonomous organization (DAO) or collective of users with a shared goal, raised more than $45 million in the hopes of winning a rare copy of the document via — It is not immediately apparent why someone decided to spend $83 to inscribe the U.S. Constitution on the Bitcoin blockchain; so far, no one has publicly claimed responsibility for the act
Summary
An anonymous Bitcoin user inscribed the text of the American Constitution on the Bitcoin blockchain. The act was possible as thanks to the OP_RETURN output field and last year's removal of a byte limit. The user paid around $83 in transaction fees to achieve the feat, though it's not yet known who inscribed the text. The team the people of the cryptocurrency ecosystem. can now read the entire U.S. Constitution directly from the Bitcoin blockchain. The feat was made possible late Thursday when an anonymous Bitcoin user inscribed the document’s text directly onto the immutable blockchain, making it accessible on-chain for the duration of the network’s existence.