Galaxy Research: Bitcoin “gibberish inscriptions” may be automated script testing
BIBIBI
AT A GLANCE
Galaxy Research said that random-letter inscriptions appeared on Bitcoin for 3 consecutive weeks, with statistical and transaction behavior showing automated characteristics.
Article
Galaxy Research reveals consecutive Bitcoin 3 weeks of “gibberish inscriptions”: Do not overinterpret hidden information; may be script testing
PANews October 25 reported that Galaxy Research published an analysis of Bitcoin “gibberish inscriptions,” pointing out that over the past 3 weeks, approximately 40 inscriptions composed of random letters appeared on the Bitcoin network each day. The content appears to be encrypted text, but is not actually cryptographic information. Galaxy Research conducted statistical analysis of 562 text entries and found that the occurrence frequencies of 26 English letters were all between 3.6%and 4.2%, significantly different from the letter distribution of normal English text. On-chain transaction behavior also showed clear signs of automation. The relevant transactions typically contained one input, one new change address, and one OP_RETURN data output. Subsequent transactions continued to spend the change funds from the previous transaction, forming multiple consecutive transaction chains, the longest of which reached 86 transactions. Galaxy Research referred to the operator as “Ba...
(Click the link below to read the full article)
🔗https://www.panewslab.com/zh/articles/01a17300-2e70-723f-b9a3-a6f3c66a5e0f
Key points
01
Over the past 3 weeks, the Bitcoin network has seen approximately 40 inscriptions composed of random letters each day.
02
Galaxy Research said that the content appears to be encrypted text, but is not actually cryptographic information.
03
Galaxy Research analyzed 562 text entries and found that the occurrence frequencies of 26 English letters were all between 3.6%and 4.2%.
04
The relevant transactions typically contained one input, one new change address, and one OP_RETURN data output.
05
Subsequent transactions continued to spend the change funds from the previous transaction, forming consecutive transaction chains, the longest of which reached 86 transactions.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The letter distribution in these inscriptions is relatively uniform and unlike normal English text; the related funds also moved automatically along consecutive transaction chains, leading Galaxy Research to conclude that the transaction behavior showed clear signs of automation.
Why it matters to readers
This analysis reminds readers that seemingly encrypted random letters alone should not be taken as evidence of hidden information; text statistics and on-chain transaction behavior should also be examined.
Beginners can understand “inscriptions” as the on-chain text data mentioned in the article and should note that “looking like a cipher” does not mean it has been proven to be cryptographic information.
Risks and unknowns
The evidence section is truncated, so the complete explanation of Galaxy Research’s assessment of the operator and script testing is not visible.
The operator’s identity and actual purpose cannot yet be confirmed from the available text.
The available text does not indicate whether these transactions caused network congestion, changes in fees, or security impacts.
Related Developments
Loading event timeline…
Related concepts
Inscriptions
This term is not in the glossary yet. Browse related concepts in the glossary.