Bitcoin Ordinals Bitcoin Ordinals is a protocol that enab | Nicegram

Bitcoin Ordinals

Bitcoin Ordinals is a protocol that enables the creation of non-fungible tokens (NFTs) on the Bitcoin network.

It uses Segregated Witness (SegWit) and Taproot updates to assign unique identifiers to satoshis and store data on-chain.

Ordinal NFTs differ from Ethereum or Solana NFTs as they store the digital asset itself on-chain.
Creating an Ordinal NFT involves sending an ordinal SAT to a Taproot-compatible wallet.

Critics argue that it may increase transaction fees and slow down transactions, but proponents believe it expands Bitcoin's potential uses and reach.

So what do you think? Are the critics right? Or will Bitcoin Ordinals take cryptocurrency to the new level?

Don't Miss! #Nicegram x $GRUM
Join Forces - Leading Mem-Coin on the Bitcoin Blockchain!

How To Get $GRUM
Grumpy Chat