Bitcoin Ordinals explained - Are NFTs on BTC the next big thing?

What began as a clever hack has split the Bitcoin world in two. A protocol called Ordinals, which lets people etch files directly onto the Bitcoin network, is being praised as a brilliant second act fThe post Bitcoin Ordinals explained - Are NFTs on BTC the next big thing? appeared first on AMBCrypto.

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Red Vs. Blue: The Bitcoin Ordinals Wargame

A walk through how the scenario would evolve if anti-Ordinals Bitcoiners make a serious push to attempt to stop Ordinals and Inscriptions on Bitcoin.

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How BRC-420 is Unlocking the Potential of Bitcoin NFTs

The emergence of the Ordinals protocol transformed how we perceive and interact with the world’s leading cryptocurrency network and asset. Launched in January 2023 by Bitcoin developer Casey Rodarmor, Ordinals enabled bitcoiners to ‘inscribe’ media (images, text, audio, video) onto satoshis, Bitcoin’s lowest denomination, effectively turning them into NFTs.

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How to Delicately Handle BRC-20s and Ordinals without Hurting Bitcoin

A pragmatic look at the issue of Ordinals and tokens on Bitcoin, and how to address their presence as a consumer of blockspace.

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$KARMA is the largest fungible token airdrop in Bitcoin history

Bitcoin NFTs, known as Ordinals emerged in January 2023, and continue to explode in popularity. Bitcoin Ordinals can store all data directly on Bitcoin’s premier blockchain, meaning important events like the largest fungible token drop in Bitcoin history keep accumulating.

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Bitcoin ATH, Ordinals, & The Three-Body Problem

Brett Herskope aka Eliherf is head of growth at Gamma, the open marketplace for Bitcoin Ordinals. Brett and Andy discuss Bitcoin’s recent all-time high, Gamma and Bitcoin Ordinals, and The Three-Body Problem.

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NodeMonkes Leads Bitcoin Ordinals to New Heights with Record $1 Million Sale

Discover the top-selling Bitcoin Ordinals collection, NodeMonkes, and its record-breaking sales as Bitcoin surges to an all-time high. The post NodeMonkes Leads Bitcoin Ordinals to New Heights with Record $1 Million Sale appeared first on NFT News Today.

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Bitcoin fees up more than 2000% since August due to renewed interest in Ordinals

Bitcoin transaction fees have risen to a six-month high amidst a resurgence in the popularity of Ordinals Inscriptions. Data from BitInfoCharts reveals that Bitcoin’s average transaction fee has reached its highest point since May, surging over 2,000% since its August low of $0.

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Bitcoin Inscription Number 76 Sells for $60,000 in Latest Sub-100 Ordinals Sale

Bitcoin’s inscription 76 sells for 1.7 BTC as Bitcoin Magazine’s Rare BTC brokers another high-value Sub-100 Ordinals deal.

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Bitcoin Ordinals Protocol Token ORDI Rockets 50% on Binance Listing

The Ordinals protocol lets users issue tokens, artwork, text, audio and video on the Bitcoin blockchain.

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Bitcoin Ordinals becomes a hotbed of NFT trading, will the trend sustain?

Ordinals grew faster in its early stages than NFTs launched on other networks. Bitcoin clocked the third-highest NFT trading volume in the first three quarters of 2023. A year ago, nobody woThe post Bitcoin Ordinals becomes a hotbed of NFT trading, will the trend sustain? appeared first on AMBCrypto.

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Bitcoin Ordinals Creator Proposes Overhaul of Inscription Numbering

The coder behind the Bitcoin Ordinals project is proposing a significant change to how the software applies data to digital artifacts.

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A Bitcoin Maximalist’s Ode To Ordinals

Ordinals are a natural companion to Bitcoin by unlocking unprecedented opportunities and further demonstrating Bitcoin’s superiority over other blockchains.

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Bitcoin Ordinals dominate majority of BTC transactions

Despite the recent price drop and fading hype over NFTs, Ordinals inscriptions remain prominent on the Bitcoin (BTC) network. On Aug. 21, the developer behind Ordinals, known as “Leonidas,” revealed that Bitcoin had processed 530,788 transactions in the past 24…

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Ordinals still make up majority of Bitcoin txs despite price collapse

Bitcoin Ordinals appear to be alive and kicking, with nearly 85% of Bitcoin network activity dominated by inscriptions and BRC-20 minting on Aug. 21.

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Bitcoin Magazine Donates Third ‘Historic Cover’ to Ordinals Institute

Bitcoin Magazine donates one of its prized one-of-one Historic Cover Ordinals to the newly launched Ordinals Institute to support development on Bitcoin.

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Bitcoin NFTs Back in Spotlight as Ordinals Cross 350K Daily Inscriptions

Bitcoin Ordinals, a method of generating non-fungible tokens (NFT) through a process called inscribing, debuted in January, bringing the NFT and smart contract narrative to the Bitcoin blockchain.

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Bitcoin Ordinals keep Ethereum NFTs on their heels with BRC-69

Several Bitcoin NFT collections registered higher volumes than Ethereum. Since BRC-69 came into play, Ordinals Inscriptions have increased. Bitcoin Ordinals, which represent the NFTs createdThe post Bitcoin Ordinals keep Ethereum NFTs on their heels with BRC-69 appeared first on AMBCrypto.

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Ordinals, Inscriptions And BRC-20 Can’t Break Bitcoin

As recent developments on Bitcoin, Ordinals, inscriptions and the BRC-20 protocol are drawing controversy, but they can’t hurt.

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Bitcoin Ordinals gets Vitalik's acclaim despite this 'con'

Vitalik Buterin opined that Bitcoin Ordinals needed L2s on the Bitcoin network to advance. While Inscriptions surpassed 15 million, Stacks, a Bitcoin L2, fell short of adoption. Ethereum [ETThe post Bitcoin Ordinals gets Vitalik's acclaim despite this 'con' appeared first on AMBCrypto.

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Bitcoin Ordinals volume hits $210M in Q2 — DappRadar

The advent of Bitcoin Ordinals inscriptions led to more than $210 million in trading volume in the first half of 2023.

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Bitcoin Ordinals: This New BRC Standard Could Reduce Inscription Fees By 90%

Luminex, a Bitcoin Ordinals launchpad, has proposed a new standard called BRC-69, which will allegedly optimize the costs of inscribing on this network. This proposal comes barely a month after Bitcoin Ordinals’ developers introduced recursive inscriptions to address the block size limit of 4 MB.

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Ordinals Attract Ethereum Devs To Bitcoin As Project’s Mass Adoption Skyrockets

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RGB protocol may offer solution to Bitcoin's Ordinals jam, claims proponent

The founder of Digital Bitcoin Art and Assets (DIBA) believes smart contracts on Bitcoin could solve the myriad problems created by Ordinals.

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Bitcoin Ordinals, would Avorak streamline these NFTs?

Bitcoin Ordinals are digital artifacts linked to the Bitcoin network that comprise inscriptions on satoshis. With each Bitcoin comprising 100M satoshis (sats), the Ordinals minted would potentially comprise an enormous figure in the quadrillions.

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Ordinals good or bad for Bitcoin? Supporters and opposers raise voices

Bitcoin miners, exchanges and layer-2 builders have different reasons to support or oppose Bitcoin Ordinals.

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Research: Ordinals, BRC-20 drive financial boon for Bitcoin miners

The introduction of NFTs and BRC-20 tokens on the Bitcoin network through the Ordinals Protocol has sparked debate over its effects on transaction fees and chain bloat. Despite these concerns, Glassnode data analyzed by CryptoSlate reveals unexpected benefits for Bitcoin miners.

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First Mover Asia: Bitcoin at $28.6K Remains Unstirred by Binance Temporary Withdrawal Pause

PLUS: Bitcoin maximalists find Ordinals annoying. But they are a good thing for the network in the long run.

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Magic Eden Launchpad: Empowering Creators in the Ordinals Ecosystem

Magic Eden is launching a creator-focused Launchpad. It’s designed for those embedding Ordinals on Bitcoin. The launch happened on April 7, 2023. This platform is a top choice for Bitcoin inscription transactions.

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Bitcoin Ordinals expands into Magic Eden: All you need to know

Magic Eden has launched its own marketplace for Bitcoin Ordinals. The total number of Bitcoin Ordinals inscriptions has increased from 679 to 240,000 until 1 March. Popular NFT marketplace MThe post Bitcoin Ordinals expands into Magic Eden: All you need to know appeared first on AMBCrypto.

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Ordinals Community Donates $19,000 To HRF Bitcoin Development Fund

An Ordinals community surrounding the Taproot Wizards inscriptions has donated almost .85 bitcoin to the HRF.

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Bitcoin Ordinals and how it relates to recent miner interest: Decoding...

Bitcoin’s hashrate reached a new all-time high on 26 February. Daily active users have increased over the past weeks and other metrics were bullish.  Bitcoin [BTC] Ordinals crossed the beThe post Bitcoin Ordinals and how it relates to recent miner interest: Decoding... appeared first on AMBCrypto.

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How the Ordinals movement will benefit the Bitcoin blockchain

The increasing popularity of Bitcoin NFTs, or Ordinals, will positively impact the Bitcoin network’s security and attract developers to the ecosystem, according to Ordinals proponent Udi Wertheimer.

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Bitcoin Ordinals Can Lift the Entire Crypto Ecosystem

The arrival of the Ordinals Protocol, which allows for the creation of Bitcoin NFTs, has coincided with a big jump in the price of bitcoin. Add that to the SEC's exemption of Bitcoin from the label of security, and we see a bullish bitcoin picture emerging.

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Record 44 Million Non-Zero BTC Addresses Thanks to Ordinals NFTs

Since the launch of Bitcoin NFTs, Ordinals, a new record of 44 million non-zero Bitcoin addresses has been set, according to the analytics platform Glassnode. After launching on January 21, it’s the first time the Bitcoin network has been used for non-monetary purposes.

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Bitcoin transaction fees rise roughly 300% as NFTs take up more block space

The rise of bitcoin (BTC) ordinals NFTs has seen transaction fees rise by 300% to around $0.77, on-chain data shows.

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Bitcoin Transaction Fees Hit Highest Level Since November 2022 Amid Ordinals NFTs Craze

Bitcoin Ordinals NFTs have pushed transaction fees on the network to the highest levels since November 2022, shows on-chain data from IntoTheBlock. The post Bitcoin Transaction Fees Hit Highest Level Since November 2022 Amid Ordinals NFTs Craze appeared first on BeInCrypto.

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Bitcoin NFT Ordinals Boosts Taproot Adoption By 1,000% In Q1 2023

The rise of Bitcoin NFT Ordinals is one of the fascinating developments on the leading blockchain in 2023. This has correlated with an increase in the adoption of Taproot to process transactions.   Driving Taproot Adoption On The Bitcoin Network Data from Dune Analytics shows that Taproot adoption has gone from being used in less than 2% of all Bitcoin transactions to reaching a peak of 9.

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Decoding Ordinals NFT project on Bitcoin- Can it compete with ETH NFTs?

Bitcoin-native NFTs recorded a 25% growth in network fees. Bitcoin mining revenue rose sharply, powered by an increase in transactions.  The new Ordinals NFT platform on Bitcoin [BTC] recorThe post Decoding Ordinals NFT project on Bitcoin- Can it compete with ETH NFTs? appeared first on AMBCrypto.

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Bitcoin NFTs Protocol Ordinals Nears 50,000 Inscriptions

With the introduction of Ordinals, Bitcoiners have now inscripted more than 45,000 NFTs directly onto the Bitcoin blockchain.

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Bitcoin Punks: Ordinal NFT Collection Soars in Value

Late Wednesday night, one Ordinal Punk NFT, minted on the Bitcoin native Ordinals Protocol, sold for 9.5 BTC, about $214,000.

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Bitcoin Activity Hits Highest Since May 2021 As NFTs Gain Steam

On-chain data shows that Bitcoin network activity is now at its highest level since May 2021 as Ordinals NFTs have been rapidly gaining popularity. CryptoQuant’s Bitcoin Network Activity Index Has Shot Up Recently As per data from the on-chain analytics firm CryptoQuant, the BTC network has seen a significant uptick in activity. The relevant indicator […]

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Ordinals Project Surpasses 11,000 NFT Mints In Weeks Amid Criticisms From Bitcoin Maxis

For the past few weeks, the Bitcoin (BTC) community has been divided over the introduction of non-fungible tokens (NFTs) to the blockchain last month, with many calling for more innovations on the blockchain.

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After CryptoPunk NFT Copies Are Minted as Bitcoin Ordinals, Will Bored Apes Follow Suit?

"Byte-perfect uploads" of the 10,000 CryptoPunk non-fungible tokens (NFTs) are on the Bitcoin network now. Will Bored Apes follow suit? The post After CryptoPunk NFT Copies Are Minted as Bitcoin Ordinals, Will Bored Apes Follow Suit? appeared first on BeInCrypto.

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Bitcoin Network Activity Spikes to Two-Year High Thanks to NFTs, CryptoQuant Says

Transactions are coming from the popularity of the recently deployed Ordinals protocol, which allows for NFT-like tokens to be stored on-chain.

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CryptoQuant: Bitcoin Network Activity Spikes to Two-Year High Thanks to NFTs

Transactions are coming from the popularity of the recently-deployed protocol Ordinals, which allows for NFT-like tokens to be stored on-chain.

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Bitcoin NFTs Explode in Popularity as BitMEX Research Shows 13,000 Ordinals

Interest has skyrocketed following the first Ordinals transaction on Dec. 14.

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Bitcoin’s Newfound NFT Hype Attracts Interest of BSV Developer Twetch

Twetch has already built a suite of NFT apps on the Bitcoin SV blockchain. So the new push by Ordinals to bring NFTs to the Bitcoin blockchain looks like an opportunity for expansion.

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The Ordinals Protocol Has Caused a Resurgence in Bitcoin Development

The non-zero probability of NFTS fueling bitcoin’s next bull run cannot be ignored, the report said.

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