Veriblock Captured Close to 60% of BTC’s OP Return Transactions in 2019

During the course of 2019, the most used BTC-based OP_Return protocol, Veriblock, outshined Omni Layer outputs. According to statistics, Veriblock captured 57% of BTC’s OP_Return outputs in 2019. Ever since the protocol’s opcodes started dominating, a number of BTC influencers called the outputs “abuse” and “spam.”

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Veriblock Captured a Majority of the BTC-Based OP_Return Outputs in 2019

2019 was an interesting year and a slew of blockchains saw a bunch of statistical changes. One specific data point observed this year was the consumption of OP_Return transactions processed on the BTC blockchain. Prior to the start of the year, the Omni Layer Protocol, the project that issues tether (USDT), captured most of the OP_Returns. But this year, the stablecoin firm Tether started migrating a great number of USDT to other chains including Ethereum, Tron, and Algorand. The company moved roughly…