In recent days, there has been a growing craze for Bitcoin Ordinals. Even blockchain founders show particular interest in this new protocol. This is particularly the case of Charles Hoskinson who suggests a migration of Ordinals from Bitcoin to Cardano.
Bitcoin ordinals: the protocol that is revolutionizing the crypto ecosystem
Bitcoin Ordinals is THE new protocol to follow closely in the coming months. It is a type of NFT that can be created on the Bitcoin blockchain.
Concretely, this protocol makes it possible to write unique labels and metadata (images, videos or texts) on individual satoshis. The latter refer to the smallest units of BTC. Unlike Ethereum NFTs which are based on offline metadata, Bitcoin Ordinals allowwrite all the data directly to the string.
Currently, the success of Bitcoin Ordinals exceeds all expectations. Indeed, the number of Bitcoin Ordinals registrations has greatly exceeded the 10 million mark. According to Dune Analytics, protocol matters more than 24,500 BRC-20 tokens.
“Cardano is the ideal blockchain for Bitcoin Ordinals”, says Charles Hoskinson
During’an AMA session (Ask Me Anything), Charles Hoskinson praised Bitcoin Ordinals. According to him, Bitcoin Ordinals should migrate to Cardano.
“Cardano has superior infrastructure and capabilities to accommodate such a protocol,” he explained while adding: “Bitcoin Ordinals extended data requires an advanced and scalable technological framework that the Cardano blockchain already has.”
The robustness of the ecosystem is also a sine qua non for ensure the operation of a protocol like Bitcoin Ordinals. A condition that Cardano fully meets, according to Hoskinson.
As expected, Charles Hoskinson’s proposed migration from Bitcoin Ordinals to Cardano not unanimous within the crypto community. The same is true for Bitcoin Ordinals, which remain subject to debate.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of daily and weekly so you don’t miss any of the essential Tremplin.io!
