Ethereum News Daily TheBitTimes.com

Casey Rodarmor, the creator of this year’s popular Bitcoin Ordinals protocol that spawned millions of ‘NFTs on Bitcoin,’ wants to renege on a central promise. Although, since February, he’s repeatedly assured Bitcoiners that ordinals numbers are “immutable,” he wants to renumber them. He also wants the ability to change them in the future, at his discretion. Some people fear a rug pull. Speculation about Rodarmor dumping on users near the top — like when Charlie Lee sold Litecoin — is circulating. Others liken Rodarmor’s proposal to changing millions of phone numbers without their owners’ permission. Ordinals numbers are part of their collectible appeal Since inception, ordinals numbers have been a distinguishing feature of these collectibles. OnChainMonkey Genesis, for example, carefully chose Ordinal #20219 “to commemorate the exact month and year of Genesis’ creation.” Many ordinals use their originally assigned number within the name of the ordina...

Ordinals on Bitcoin debuted in January 2023 and have been a hot topic of discussion since then. Ordinal Inscriptions are quite similar to NFTs but come with a slight twist. Simply put, they are digital assets inscribed on a Satoshi, the lowest denomination of Bitcoin. The network’s SegWit and Taproot upgrades that took place to improve the privacy and efficiency of the network also opened the doors for Satoshi inscriptions. In February, a developer forked the Ordinals project to PoW blockchain Litecoin. At that time, a pseudonymous Twitter user with the username indigo_nakamoto offered around 5 LTC [approximately $500] to anyone who could port Ordinals to Litecoin. The reward was later increased to 15 LTC and 22 LTC. Motivated by the bounty, Australian software engineer Anthony Guerrera posted a repository on GitHub that forked the Bitcoin Ordinals protocol to Litecoin. Likewise, people from the DOGE community copied the Ordinals protocol to create the same functionality on Dogecoi...