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A case against Ordinals and Inscriptions, and why it is something people should not only not support, but speak against.
Ordinals generated over $446 million worth of total network fees, which is a significant lifeline for Bitcoin miners ahead of the upcoming halving.
Bitcoin Ordinals let assets be issued on top of Bitcoin more efficiently. Users are split on whether they should exist but they may also be useful for other applications.
Ordinals first gained rapid adoption across the Bitcoin network based on the protocol’s introduction of indexed assets attached to one or more Satoshis, the lowest denomination of BTC.
Ordinals are all about storage of data and the recognition of individual bitcoin units on the blockchain as entities in their own right.
While Ordinals are sometimes referred to as NFTs, the tokens are technically still fungible pieces of a Bitcoin, and other protocols must identify the data attached to these SATs.
Ordinals, the protocol that allows non-fungible tokens (NFTs) to be added to the Bitcoin blockchain, is establishing a non-profit organization to fund its open-source development.
Ordinals have set the Bitcoin ecosystem buzzing. Bitcoin Ordinals have similarities to NFTs but with a key differentiator. Find out more about Ordinals here.
The hot new thing in crypto are ordinals, pieces of info written to the bitcoin blockchain and referenced by a unique address also held in the blockchain data structure.
Now that the Bitcoin Ordinals genie is out of the bottle, a debate is raging about whether they're good for the original blockchain and their long-term consequences.
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