Bitcoin Ordinals Achieve Milestone With Over 10M Inscriptions As Creator Rodarmor Departs

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Bitcoin Ordinals Achieve Milestone With Over 10M Inscriptions As Creator Rodarmor Departs

A prominent non-fungible token (NFT) protocol based on the Bitcoin blockchain, “Ordinals,” surpassed an impressive benchmark in a significant turn of events.

La transacció de la xarxa va augmentar fins als 10 milions pocs dies després que el creador d'Ordinals, Rodarmor, anunciés la baixa del projecte. 

Arribar a més de 10 milions d'inscripcions suggereix que s'han produït moltes transaccions al protocol. Casey Rodarmor va tuitejar que havia renunciat com a responsable principal d'Ordinals. 

He claimed that he was not giving Ordinal full attention and handed over the role to a programmer, Raphjaph. He further emphasized that donations from the community will fund the coder’s work on the project.

Protocol d'ordinals i el seu ràpid creixement

Bitcoin Ordinals is a protocol that supports the transcription of a unique identifier to individual satoshis (SATs) to enable easy tracking during transactions.

After the launch of Ordinals in January, the protocol quickly gained popularity as a means to create new assets on the Bitcoin blockchain. Initially, Ordinals served to “inscribe” data on individual satoshis (the smallest divisible unit of BTC).

Tanmateix, el ràpid creixement del nombre d'inscripcions d'Ordinals es va produir quan es va introduir l'estàndard de testimoni BRC-20 a principis de març.

This new token standard, established by the pseudonymous “Domo,” enabled users to mint new tokens on the Bitcoin blockchain. 

Segons dades de BRC-20.io, in the first week, the number of Bitcoin-based tokens jumped from a hundred to 25,000 at the time of writing.

The introduction of the BRC-20 token standard has expanded Bitcoin’s functionality. This increased utility has boosted the adoption and use of the Bitcoin blockchain for tokenization and asset creation.

Controversy Surrounding Bitcoin Ordinals – Efficiency And Speed Concern

The growth of Ordinals has not been without its share of controversy, as critics among the Bitcoin community have raised concerns about its method of “inscribing” assets on the network.

Argumenten que aquest enfocament és "ineficient i malbaratador", especialment pel que fa a l'espai de bloc i les tarifes de transacció.

In response, alternative developers have been exploring using smart contracts to mint assets and non-fungible tokens (NFTs) on the Bitcoin blockchain. They aim to address the efficiency issues associated with Ordinals by leveraging smart contracts.

D'altra banda, defensors of the initiative have praised Ordinals for its ability to attract new users to the broader Bitcoin ecosistema. 

Notably, even prominent anti-Bitcoin defensor Peter Schiff recently minted a small number of NFTs on Bitcoin using the Ordinals protocol.

Tot i que l'augment de l'activitat relacionada amb Ordinals ha augmentat les tarifes de transacció de BTC, els miners s'han beneficiat molt d'aquest major compromís amb la xarxa. 

Segons dades de Analytics de Dune, els miners han rebut més de 44 milions de dòlars en comissions relacionades amb les transaccions Ordinals.

Imatge destacada de Pixabay i gràfic de TradingView

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