Fun

News Feed - 2023-09-20 05:09:39

Ezra Reguerra52 minutes agoBitcoin Ordinals creator proposes to change inscription numbering systemCasey Rodarmor, the creator of Bitcoin Ordinals, clarified that the inscription numbers would only be changed, not scrapped entirely.346 Total views14 Total sharesListen to article 0:00NewsJoin us on social networksBitcoin Ordinals’s creator and chief coder, Casey Rodarmor, has recently proposed changing the protocol’s numbering system with the aim of simplifying the project’s codebase.


Since the beginning of the Ordinals protocol, each nonfungible token (NFT) created using Ordinals was assigned a unique inscription number. They functioned similarly to serial numbers and have been an integral part of the digital art minted in the protocol.I guess the cat is out of the bag! In short, I think that the effort to keep inscription numbers stable hasn't been worth it, and has led to ugly code and stalled development, since new changes need to be extremely and often awkardly careful not to change the numbers of old… https://t.co/SsEqjdtZFB— Casey (@rodarmor) September 19, 2023


However, Rodarmor believes that keeping the inscription numbers stable has led to “ugly code and stalled development.” Because of this, the protocol’s chief coder proposed to make inscription numbers “permanently unstable,” which means that the numbering system that assigns unique numbers to inscriptions created in the Bitcoin network will be deprioritized. 


According to Rodarmor, the move will simplify the protocol’s codebase and make it easier to make protocol changes easier in the future. The coder also clarified that inscription numbers would change but not be entirely scrapped. Rodarmor highlighted that new inscription numbers would be close to the old ones but might differ by 1%.Community members reacting to the proposal. Source: X (formerly Twitter)


While many supported the move, others pointed out how users paid substantial amounts to get specific numbers and would be affected by the reorganization of numbers. Despite this, a community member noted that those who care about the numbering of the inscriptions can still sort the collectibles by their timestamps. 


Related:Ordinals still make up majority of Bitcoin txs despite price collapse


Bitcoin Ordinals are artifacts that allow inscribing into a satoshi, which is the smallest denomination of Bitcoin (BTC). The protocol launched in January 2023, with thousands of inscriptions minted on the BTC network since. On Aug. 21, the NFT-like protocol accounted for 84.9% of all the activity in the Bitcoin network.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?# Bitcoin# NFT# Bitcoin OrdinalsAdd reactionAdd reactionRead moreWho invented NFTs?: A brief history of nonfungible tokensWhat is Gala Games and how to buy GALA coin?How Bitcoin miners can survive a hostile market — and the 2024 halving

News Feed

Bitcoin is more of a ‘billion-dollar building in cyberspace,’ argues Saylor
Brayden Lindrea3 hours agoBitcoin is more of a ‘billion-dollar building in cyberspace,’ argues SaylorThe MicroStrategy chairman argued that the U.S., Europe and China would be much more likely to embrace Bitcoin if i
ETC, RVN, ERGO Hashrate Soars Following The Merge, Large Quantity of Hashpower Awaits ETHW Fork
ETC, RVN, ERGO Hashrate Soars Following The Merge, Large Quantity of Hashpower Awaits ETHW Fork Ethereum has officially transitioned from a proof-of-work (PoW) network to a proof-o
Cointelegraph Accelerator7 hours agoRevolutionizing whitelist marketplace for Web3: WhiteList Zone partners with Cointelegraph AcceleratorThe whitelist marketplace WhiteList Zone onboarded over 50 projects that collectiv
US energy officials agree to 'destroy' all data from crypto mining survey
Ciaran Lyons7 hours agoUS energy officials agree to "destroy" all data from crypto mining surveyThe Texas Blockchain Council and Bitcoin mining firm Riot Platforms claimed that the survey had political motives and posed
KICK․IO Is Evolving – Taking a Closer Look Into the Roadmap
KICK․IO Is Evolving – Taking a Closer Look Into the Roadmap press release PRESS RELEASE.The crypto world is as innovative and exciting as fickle and dynamic. Understanding the m
Tesla CEO Elon Musk Opposes ‘Hasty’ Cryptocurrency Regulation
Tesla CEO Elon Musk Opposes "Hasty" Cryptocurrency Regulation Tesla CEO Elon Musk says there is no crisis that compels hasty cryptocurrency regulation. He agrees
Bitcoin Price Outlook for August: BTC Faces Some Important Tests in the Coming Weeks
Bitcoin Price Outlook for August: BTC Faces Some Important Tests in the Coming Weeks Exactly one month ago today, bitcoin was trading below $20,000 per unit as crypto markets conti
Russian Crypto Mining Giant Bitriver Considers Challenging US Sanctions
Russian Crypto Mining Giant Bitriver Considers Challenging US Sanctions Russia’s Bitriver, one of the largest operators of crypto mining data centers, may take legal action
Bitcoin’s Market Cap Is More Valuable Than the IMF’s Special Drawing Rights Reserves
Bitcoin"s Market Cap Is More Valuable Than the IMF"s Special Drawing Rights Reserves At its current price per unit, the decentralized cryptocurrency Bitcoin&rsqu
FlatQube DEX Unveils QUBE Utility Token and Sets DAO Governance in Motion
FlatQube DEX Unveils QUBE Utility Token and Sets DAO Governance in Motion sponsored Over the past six months, the Everscale network has gone through a complete metamorphosis. Origin
Jesse Coghlan2 hours agoWhat happens if SEC doesn’t appeal Grayscale spot Bitcoin ETF ruling?The SEC must appeal Grayscale’s win in a D.C. Appeals Court on Oct. 13, or it will have to approve — or try to delay —
Kamala Harris chooses Minnesota Gov. Walz as US presidential running mate
Zoltan Vardai10 hours agoKamala Harris chooses Minnesota Gov. Walz as US presidential running mateMinnesota Governor Tim Walz has previously advocated for more stringent crypto regulations to ensure the stability of the