Orders are now on Litecoin

Orders are now on Litecoin

On the hunt for a bounty of over $ 2,000, a programmer successfully imported the NFT protocol from Ordinals in Litecoin.

The new functionality comes shortly after Bitcoin-the network on which ordinals originally started-exceeded 150,000 registers this week.

Why Litecoin gets order numbers

On Sunday a programmer named Anthony Guerrera Litecoin Ordinals on github By forcing the bitcoin repository for the project, the last month from CASEY Rodarmor was published.

The Bitcoin-based version enables Satoshis to label Satoshis including images and videos, which means that NFTS is often brought into a network criticizes

Things changed with ordinary thanks to the Bitcoin Taproot upgrades in November 2021, which brought Bitcoin more data protection and smart contract functions. Litecoin contains Soft Forks of Bitcoins Segwit and Taproot technology that are necessary to work ordinals.

On February 10th, a Twitter user and confessed "supporter of Bitcoin, Litecoin and Dogecoin", @indigo_nakamoto, promised 5 ltc ($ 470 $) to anyone who could port the ordinal repository to Litecoin. This bounty grew to 22 LTC until Thursday, in front of Guerrera announced The Litecoin start of the protocol on Saturday.

The following day he announced the first litecoin enrollment: the white paper for mimblewimble, a litecoin upgrade that improves the transaction speed and data protection (other dimensions on which Bitcoin was ).

the first Rel = "Nofollow Noopener" Target = "_ Blank" href = "https://twitter.com/hashtag/ordinal?src=hash&ref_src=twsrc%5etfw" Data-Wpel-Link = "External"> was inscribed in the Litecoin-Blockchain

The Mimblewimble-Whitepaper will live in Litecoin ⓜ️🕸 #mweb ! $ ltc $ btc #NFT @finitemaz @ryanwrights @masterbtcltc @chieflitecoin @indigo_nakamoto pic.twitter.com/iclktmjwrw

- Krypto Anthony (@anthonyonchain) 19. February 2023

In contrast to NFTS in other networks, ordinals embed the image data for NFTS directly into the blockchain and thus takes up a significant blockplace. However, the use of Mimblewimble by Litecoin is able to process more data on lower transaction costs than Bitcoin.

acceptance of the ordinal numbers

Taproot adoption has grown exponentially parallel to the increase in the number of orders, whereby 4.83 % of the transactions used the upgrade on Tuesday Style = "Font-Weight: 400"> Dunter analysis . Last month it was less than 2 %.

Bitcoin-based NFTs was also a blessing for miners and has generated over $ 1.17 million in fees since their introduction. According to Bitmex, the first order number was registered on Bitcoin in December, which is a creepy -looking skeleton.

Certain software wallet providers now begin to introduce ordinal support, including XVERSE-a web3-focused Bitcoin wallet. Ken Liao, the founder and CEO of Xverse, was a former engineering partner at Stacks-a Bitcoin programmable layer that enabled smart contracts and NFTs on Bitcoin before ordinals.

stacks (StX) has increased by 130 % during the week, which is largely due to the growth of ordinals.

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