Running Bitcoin, Runes, and Ordinals
So far, there are 67 million individual inscriptions, including ordinals, BRC-20, runes, etc. The landscape has also changed dramatically.
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So far, there are 67 million individual inscriptions, including ordinals, BRC-20, runes, etc. The landscape has also changed dramatically.
Google searches for “Ordinals” hit an all-time high in April 2024, up 58% since January 2024, while Google searches for “Bitcoin NFT” hit an all-time high in March 2024.
NFTs are emerging in the Bitcoin ecosystem in an endless stream, making it hard to keep up. Suddenly, BLOB came out with a sense of "weirdness". You will find that it contains unique technological innovations, which may be enough to make it one of the most eye-catching projects this year.
The Ordinals theory and protocol, which were born based on the two technological innovations of Segregated Witness and Taproot upgrade, unexpectedly pushed Bitcoin, the strongest decentralized consensus, to begin to transcend its single narrative of "store of value".
This article discusses issues such as on-chain Ordinals, BRC-20, rare Sats, Ordinals adoption and the resulting debates.
Ordinals Summit 2023’s boasted a stacked speaker line-up featuring Udi Wertheimer, creator of the popular Ordinals collection Taproot Wizards; Domo, the creator of the BRC-20 Protocol; and more.
Daily transaction fees for minting Bitcoin Ordinals inscriptions reached a new all-time high on Thursday of 9.28 BTC, around $257,460, according to a Dune Analytics report.
When it comes to digital collectibles, most enthusiasts think of Ethereum, Solana, or Polygon—deservedly, as proof-of-stake blockchains have cornered the NFT marketplace.