How the movement of ordinals will benefit the Bitcoin blockchain
The growing popularity of Bitcoin NFTs, or Ordinals, will positively impact the security of the Bitcoin network and attract developers to the ecosystem, according to Ordinals promoter Udi Wertheimer.
Cointelegraph YouTube Subscribe Own this piece of historyBitcoin (BTC) NFTs will have a positive impact on the Bitcoin ecosystem by improving its security and encouraging developers to rely on the network, according to independent developer Udi Wertheimer.
The number of newly created ordinals, also known as "signups", has increased in recent weeks, causing transaction fees and average block sizes to rise on the Bitcoin blockchain.
According to Wertheimer, Bitcoin NFTs are going to be good for Bitcoin's security budget: by increasing transaction fees, the creation of ordinals will incentivize miners to secure the network while revenue from the mining reward will decrease with each bitcoin halving.
The growing popularity of Bitcoin NFTs, or Ordinals, will positively impact the security of the Bitcoin network and attract developers to the ecosystem, according to Ordinals promoter Udi Wertheimer.
Cointelegraph YouTube Subscribe Own this piece of historyBitcoin (BTC) NFTs will have a positive impact on the Bitcoin ecosystem by improving its security and encouraging developers to rely on the network, according to independent developer Udi Wertheimer.
The number of newly created ordinals, also known as "signups", has increased in recent weeks, causing transaction fees and average block sizes to rise on the Bitcoin blockchain.
According to Wertheimer, Bitcoin NFTs are going to be good for Bitcoin's security budget: by increasing transaction fees, the creation of ordinals will incentivize miners to secure the network while revenue from the mining reward will decrease with each bitcoin halving.
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