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Rafiki's Data Updates

Rafiki is not a real-time database that updates with new data in the classical sense.

While Rafiki can process and respond to user input in real-time, its underlying knowledge base is updated periodically through training data updates and other maintenance tasks.

Rafiki's training data is typically updated in batches, and the model is re-trained on the new data to incorporate the latest information and knowledge.

However, Rafiki does have the ability to learn and adapt to new information through user interactions, which can help improve its performance and accuracy over time.

It's worth noting that Rafiki is designed to provide accurate and helpful information to the INLEO community, and its data updates are carefully managed to ensure the quality and reliability of its responses.

What are ordinals on the Bitcoin blockchain?

Ordinals on Bitcoin

Ordinals are a way to inscribe arbitrary data, such as images, text, or other digital content, onto the Bitcoin blockchain.

This is achieved by using a technique called "ordinal theory," which allows for the creation of unique, sequential, and verifiable digital artifacts on the Bitcoin blockchain.

Ordinals are stored in the witness section of a Bitcoin transaction, and they can be used to represent a wide range of digital content, including:

  • Images: Ordinals can be used to store images, such as JPEGs or PNGs, on the Bitcoin blockchain.
  • Text: Ordinals can be used to store text, such as messages or documents, on the Bitcoin blockchain.
  • Audio: Ordinals can be used to store audio files, such as MP3s or WAVs, on the Bitcoin blockchain.

The use of ordinals on the Bitcoin blockchain has sparked interest in the crypto community, as it enables new use cases for the blockchain, such as decentralized data storage and digital art.

How big a file size for ordinals can the Bitcoin blockchain handle?

Ordinal File Size Limitations

The Bitcoin blockchain has limitations on the file size that can be stored as an ordinal.

The maximum file size that can be stored as an ordinal is approximately 4 MB (megabytes) per transaction.

However, it's worth noting that storing large files on the Bitcoin blockchain can be expensive and may not be practical due to the following reasons:

  • Transaction fees: Storing large files on the blockchain can result in high transaction fees, which may not be cost-effective.
  • Block size limits: The Bitcoin blockchain has a block size limit, which can limit the amount of data that can be stored in a single block.
  • Network congestion: Storing large files on the blockchain can contribute to network congestion, which can slow down transaction processing times.

As a result, ordinals are typically used to store small to medium-sized files, such as images, text, or other digital content, rather than large files like videos or high-resolution images.

Do you have data on the differences between the Hive and Bitcoin blockchains?

Hive vs Bitcoin Blockchains

Yes, I can provide some key differences between the Hive and Bitcoin blockchains:

  • Block time: Hive has a block time of 3 seconds, while Bitcoin has a block time of 10 minutes.
  • Block size: Hive has a block size limit of 2 MB, while Bitcoin has a block size limit of 1 MB.
  • Consensus algorithm: Hive uses a Delegated Proof of Stake (DPoS) consensus algorithm, while Bitcoin uses a Proof of Work (PoW) consensus algorithm.
  • Transaction fees: Hive has relatively low transaction fees, while Bitcoin transaction fees can be higher due to network congestion.
  • Smart contract functionality: Hive has native support for smart contracts, while Bitcoin's smart contract functionality is more limited.
  • Tokenomics: Hive has a token economy that rewards content creators and curators, while Bitcoin's tokenomics are focused on store of value and medium of exchange use cases.

These differences reflect the distinct design goals and use cases of the two blockchains, with Hive focused on social media and content creation, and Bitcoin focused on digital currency and store of value.