Tag Archives: Ordinals

Bitcoin (BTC) tapped a new yearly high at $43,700 on Tuesday as the crypto market posted a new waterfall of short liquidations. Meanwhile, Ordinals-themed memecoin ORDI continued to skyrocket, climbing another 53% on the day to $63.26. The climb takes BTC up 15% over the past week, and has pushed its market dominance up to 54.8%, according to TradingView By contrast, Ethereum (ETH) has risen 1% on the day to $2,250 and sits at 17.5% dominance. The ongoing pump comes amidst...

An X user recently identified discrepancies in Binance’s BRC-20 ORDI balances caused by inconsistent indexing. On the UniSat indexer, Binance possesses 7.239 million ORDI, while the Ordiscan index reflects a holding of 2.293 million ORDI. This variance amounts to approximately five million. Discrepancies in BRC-20 ORDI Balances on Binance BRC-20 ORDI, an experimental token built on the Ordinals protocol, has sparked debate due to varying balance reports from indexers....

Bitcoin Ordinals are taking the network by storm yet again. The total count of minted Bitcoin Ordinals Inscriptions has climbed to a new record. This milestone coincides with the second anniversary of the activation of the highly awaited Bitcoin upgrade, Taproot, which occurred at block 709,632 on November 14th and was the catalyst for the inception of the Ordinals. Bitcoin Ordinals Explode According to data compiled by Dune Analytics, the number of Bitcoin Ordinals...

The trend coincided with a notable surge in block space demand – a trend that has happened on par with the release of Ordinals and Inscriptions. The elevated demand has been sustained ever since, according to Glassnode’s latest analysis. Despite the concerns surrounding Ordinals congesting the Bitcoin network, the blockchain intelligence firm suggests that there is “minimal evidence” that inscriptions are displacing monetary transfers. Are Inscriptions Displacing Monetary...

The team behind Bitcoin Ordinals (a new string of non-fungible tokens or NFTs) said in a recent interview they have created a new non-profit organization designed to support further inscriptions and NFT developments on the bitcoin blockchain. Thus far, the team has created roughly 21 million inscriptions. Bitcoin Ordinals Non-Profit Group is Coming While NFTs may not be anything new at this stage, the idea of NFTs being on the bitcoin blockchain is. Up to this...

Bitcoin Ordinals stirred up a frenzy in the community soon after its launch in January 2023. More than eight months later, ordinal inscriptions have maintained their prominence in the Bitcoin network’s activities over the past week. Despite a sharp drop in sales volume, Bitcoin Ordinals remains very much active. Ordinals Account for 85% of Activity on Bitcoin Much like NFTs, ordinal inscriptions are digital assets engraved on satoshis, which are the smallest units of Bitcoin....

The Ordinals protocol team announced the launch of a non-profit organization, dubbed ‘Open Ordinals Institute,’ to fund its open-source development. The Open Ordinals Institute is a registered 501(c)(3) California-based public charity that will collect donations in Bitcoin to back the protocol’s development by funding its core group of developers. The focus will also be on the creation of user-friendly tools to enable less technically proficient users to create Bitcoin...

Bitcoin maximalists have proved to be highly staunch supporters of the crypto asset. For more than a decade, they have stayed as a united front, but the advent of Ordinals shook up the long-standing narrative. 2023 will be known for many things, one of them being – the Bitcoin community’s split into two warring factions. The first cohort are Ordinals skeptics and supporters of “staying true” to Bitcoin – using the asset purely to process transactions. The second cohort is...

Ordinals developers are pioneering ways to make reduce blockchain bloat caused by Bitcoin NFTs, potentially reducing their creation costs by 90%.  The latest among these is BRC69 – a new standard proposed by Ordinals launchpad platform Luminex to “optimize the costs of inscribing on Bitcoin using the Ordinals protocol.” The BRC69 Standard According to Luminex’s GitHub proposal, the new standard can not only reduce inscription costs, but also unlocks new on-chain features,...

Bitcoin users have registered over 10 million inscriptions into the Bitcoin blockchain using the newly popular Ordinals protocol.  The milestone comes shortly after Ordinals founder Casey Rordamor stepped down as the project’s lead maintainer on Saturday. Ordinals’ Blistering Growth According to data from Dune Analytics, Bitcoin sports exactly 10,018,046 Ordinals inscriptions at writing time – the vast majority of which were recorded over the past month alone.  An inscription...