https://images.hive.blog/DQmfZNFfamTpBFAAx53Tyxg8RVyDmhJ1ZmmZiLoZqshy6sC/_d14df24f-af62-4a62-9146-fec9e056a567.jpeg The most well-known cryptocurrency, Bitcoin, has always been synonymous with simplicity and resilience. However, by adding a new protocol, **Ordinals has begun to redefine the Bitcoin landscape**, bringing advantages and disadvantages and sparking intense debate among community members. According to data from BRC-20.io, in six months, the number of Ordinals has grown from one to 10 million. Currently, there are more than 25 000 Bitcoin-based tokens. ## Advantages of NFTs in Bitcoin The emergence of Ordinals has led to new use cases in the Bitcoin network. Traditionally, Bitcoin has been used primarily for value transactions. But with Ordinals, it is possible to inscribe data on the Bitcoin blockchain, which has enabled the introduction of Non-Fungible Tokens (NFTs) into the Bitcoin network. This feature was previously exclusively associated with Ethereum. This innovation has broadened **Bitcoin's usability** and potentially increased its appeal to a broader audience. In addition, adopting Ordinals could result in an **economic boost for Bitcoin miners**. With competition for block space increased by data enrolled in satoshis, network fees have increased. While this is a disadvantage from a user perspective, some supporters of Ordinals argue that it could benefit miners. As block rewards decrease over time, network fees could become the leading financial incentive for miners, incentivizing them to maintain the security of the blockchain network. ## What worries us? The introduction of Ordinals, however, has also brought several challenges. One of the most significant is the **impact on transaction fees**. With the inclusion of additional data in transactions, Ordinals has intensified competition for space on the blockchain, which could result in higher transaction fees. This fee increase could affect the accessibility and efficiency of the Bitcoin network, especially for lower-value transactions. In addition, there are concerns about whether the inclusion of NFT and other data in the Bitcoin network represents a departure from the original purpose of Bitcoin. Bitcoin was conceived as a simple, secure way to store and transfer value. https://images.hive.blog/DQmYtdQmbxDjc7rmkdVucjHjfwWqJyCf4QBvCFEAgMFowNb/separador%20yaroschain.png Undoubtedly, Ordinals has brought **innovation to the Bitcoin space**, but it has also sparked intense debate about the future direction of this iconic cryptocurrency. Moreover, this debate illustrates a broader discussion about the future of Bitcoin and blockchain technology in general. *Should Bitcoin maintain its simplicity and focus on value transfer, or should it evolve to encompass new functions and use cases?* Posted Using [LeoFinance Alpha](https://leofinance.io/@yaroschain/ordinals-in-bitcoin-innovation-or-controversy-)
| author | yaroschain | ||||||
|---|---|---|---|---|---|---|---|
| permlink | ordinals-in-bitcoin-innovation-or-controversy- | ||||||
| category | hive-167922 | ||||||
| json_metadata | {"app":"leothreads/0.3","format":"markdown","tags":["hive-167922","leofinance","bitcoin","nft","nftart","ordinals"],"canonical_url":"https://leofinance.io/@yaroschain/ordinals-in-bitcoin-innovation-or-controversy-","links":["https://leofinance.io/@yaroschain/ordinals-in-bitcoin-innovation-or-controversy-)"],"images":["https://images.hive.blog/DQmfZNFfamTpBFAAx53Tyxg8RVyDmhJ1ZmmZiLoZqshy6sC/_d14df24f-af62-4a62-9146-fec9e056a567.jpeg","https://images.hive.blog/DQmYtdQmbxDjc7rmkdVucjHjfwWqJyCf4QBvCFEAgMFowNb/separador%20yaroschain.png"]} | ||||||
| created | 2023-06-03 22:48:36 | ||||||
| last_update | 2023-06-03 22:48:36 | ||||||
| depth | 0 | ||||||
| children | 6 | ||||||
| last_payout | 2023-06-10 22:48:36 | ||||||
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| root_title | "Ordinals in Bitcoin: Innovation or Controversy? " | ||||||
| beneficiaries |
| ||||||
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| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| kevinwong | 0 | 15,642,837,294 | 2.25% | ||
| jeffjagoe | 0 | 2,668,627,608 | 0.27% | ||
| scaredycatguide | 0 | 4,731,429,128 | 4.5% | ||
| rufans | 0 | 22,429,979,176 | 50% | ||
| uwelang | 0 | 1,791,487,370 | 3.6% | ||
| funnyman | 0 | 6,223,940,451 | 25% | ||
| moretea | 0 | 2,874,092,080 | 9% | ||
| bigtakosensei | 0 | 776,892,583 | 0.75% | ||
| pouchon | 0 | 422,349,208,602 | 9% | ||
| ganjafarmer | 0 | 1,973,583,273 | 0.78% | ||
| thatsweeneyguy | 0 | 1,106,622,102 | 100% | ||
| l337m45732 | 0 | 1,080,183,165 | 1.8% | ||
| bitrocker2020 | 0 | 59,041,040,344 | 4.5% | ||
| arrliinn | 0 | 2,330,706,888 | 1.8% | ||
| ew-and-patterns | 0 | 510,190,430 | 10% | ||
| joeyarnoldvn | 0 | 482,448,681 | 1.47% | ||
| gniksivart | 0 | 68,881,477,717 | 10% | ||
| runicar | 0 | 3,894,624,731 | 50% | ||
| summertooth | 0 | 491,662,710 | 1.08% | ||
| adambarratt | 0 | 10,234,757,445 | 15% | ||
| thauerbyi | 0 | 1,674,691,391 | 8.1% | ||
| pardeepkumar | 0 | 1,519,645,608 | 50% | ||
| niallon11 | 0 | 32,026,576,430 | 1.8% | ||
| roleerob | 0 | 24,657,018,274 | 4.5% | ||
| rodent | 0 | 3,243,680,944 | 13.5% | ||
| thetimetravelerz | 0 | 2,219,048,746 | 4.5% | ||
| maverickfoo | 0 | 13,783,101,479 | 50% | ||
| senorcoconut | 0 | 1,146,900,152 | 2.25% | ||
| vintherinvest | 0 | 498,399,742 | 4.5% | ||
| mytechtrail | 0 | 1,611,986,239 | 1.57% | ||
| ocupation | 0 | 4,899,872,183 | 50% | ||
| enjoyinglife | 0 | 21,129,613,118 | 50% | ||
| crookshanks | 0 | 571,654,170 | 100% | ||
| elbrava | 0 | 6,335,539,304 | 100% | ||
| warpedpoetic | 0 | 3,042,590,677 | 9% | ||
| ericburgoyne | 0 | 811,773,204 | 1.5% | ||
| elektr1ker | 0 | 1,117,068,922 | 25% | ||
| mindtrap | 0 | 712,600,265 | 50% | ||
| russellstockley | 0 | 1,710,138,553 | 1.57% | ||
| jglake | 0 | 5,390,284,679 | 20% | ||
| muratkbesiroglu | 0 | 79,049,688,273 | 9% | ||
| melbourneswest | 0 | 34,951,413,835 | 25% | ||
| gadrian | 0 | 25,024,150,943 | 3.6% | ||
| tsurmb | 0 | 1,431,744,159 | 4.5% | ||
| vinnieleow | 0 | 5,229,662,740 | 90% | ||
| getron | 0 | 933,418,974 | 9% | ||
| break-out-trader | 0 | 2,625,000,601 | 9% | ||
| milaan | 0 | 979,536,239 | 50% | ||
| gallerani | 0 | 550,321,531 | 9% | ||
| ireenchew | 0 | 3,792,025,195 | 6.3% | ||
| raiseup | 0 | 42,765,913,965 | 9% | ||
| dlike | 0 | 39,089,965,622 | 9% | ||
| steemaction | 0 | 58,491,231,910 | 9% | ||
| oakshieldholding | 0 | 1,945,936,384 | 15% | ||
| khan.dayyanz | 0 | 4,899,869,036 | 5% | ||
| currentxchange | 0 | 1,107,975,851 | 1.8% | ||
| jacuzzi | 0 | 27,136,681,761 | 6.25% | ||
| mrsbozz | 0 | 6,146,965,491 | 60% | ||
| coriolis | 0 | 2,618,917,212 | 4.5% | ||
| anonsteve | 0 | 6,251,221,343 | 9% | ||
| flyingbolt | 0 | 676,409,495 | 9% | ||
| thelogicaldude | 0 | 7,410,654,120 | 4.5% | ||
| edian | 0 | 2,488,324,301 | 9% | ||
| pervitin | 0 | 1,472,682,687 | 4.5% | ||
| thefalcons | 0 | 10,550,258,460 | 100% | ||
| crazydaisy | 0 | 563,958,679 | 100% | ||
| megavest | 0 | 30,228,430,110 | 9% | ||
| travelwritemoney | 0 | 3,756,687,621 | 9% | ||
| mukund123 | 0 | 585,994,086 | 4.5% | ||
| leo.voter | 0 | 10,406,849,997,225 | 9% | ||
| bala-leo | 0 | 0 | 9% | ||
| babytarazkp | 0 | 3,060,113,531 | 40% | ||
| agro-dron | 0 | 1,674,853,353 | 9% | ||
| taskmaster4450le | 0 | 458,433,268,169 | 15% | ||
| maddogmike | 0 | 1,529,007,591 | 1.57% | ||
| iamraincrystal | 0 | 1,389,856,950 | 1.5% | ||
| bradleyarrow | 0 | 3,591,058,495 | 3% | ||
| pouchon.tribes | 0 | 5,143,352,554 | 6.75% | ||
| emeka4 | 0 | 672,381,139 | 4.5% | ||
| ph1102.leo | 0 | 802,129,134 | 100% | ||
| coinlogic.online | 0 | 931,855,412 | 4.5% | ||
| antiretroviral | 0 | 905,794,168 | 4.5% | ||
| lnakuma | 0 | 6,477,501,761 | 15% | ||
| sacrosanct | 0 | 6,877,746,525 | 15% | ||
| rcaine | 0 | 1,323,279,799 | 0.9% | ||
| vxn666 | 0 | 643,913,412 | 4.5% | ||
| x9ed1732b | 0 | 3,176,299,886 | 8.1% | ||
| andrewmusic | 0 | 669,754,015 | 9% | ||
| hivelist | 0 | 2,594,078,538 | 1.57% | ||
| invest4free | 0 | 2,711,773,090 | 15% | ||
| hive-169313 | 0 | 2,019,461,451 | 100% | ||
| rmsadkri | 0 | 12,647,841,062 | 7.2% | ||
| hivehustlers | 0 | 4,197,857,825 | 3.15% | ||
| w-t-fi | 0 | 1,652,569,312 | 100% | ||
| aslehansen | 0 | 848,753,196 | 3% | ||
| eddie-earner | 0 | 1,229,851,133 | 15% | ||
| officialhisha | 0 | 779,131,784 | 2.25% | ||
| heruvim1978 | 0 | 587,343,914 | 1.5% | ||
| torrey.leo | 0 | 587,649,450 | 100% | ||
| reonarudo | 0 | 595,334,461 | 4.5% | ||
| leoline | 0 | 11,876,095,247 | 50% | ||
| leoschein | 0 | 4,860,109,429 | 4.5% | ||
| lbi-token | 0 | 40,722,721,086 | 15% | ||
| godfather.ftw | 0 | 3,473,611,773 | 5% | ||
| leo.tokens | 0 | 790,162,735 | 9% | ||
| erikahskitchen | 0 | 5,028,005,970 | 40% | ||
| pvmihalache | 0 | 3,232,038,492 | 3% | ||
| hykss.leo | 0 | 21,803,856,042 | 2.25% | ||
| brando28 | 0 | 690,363,357 | 4.5% | ||
| solymi | 0 | 3,396,718,177 | 2.7% | ||
| alokkumar121.leo | 0 | 4,731,711,957 | 100% | ||
| impurgent | 0 | 635,997,526 | 40% | ||
| aichel | 0 | 594,791,158 | 9% | ||
| hankanon | 0 | 8,816,597,689 | 20% | ||
| steentijd | 0 | 1,258,728,655 | 4.5% | ||
| solominer.leo | 0 | 729,245,557 | 100% | ||
| jocieprosza.leo | 0 | 996,580,871 | 15% | ||
| hive-life | 0 | 17,571,728,668 | 100% | ||
| foreverhero | 0 | 8,017,987,976 | 100% | ||
| scrubs24 | 0 | 1,930,332,577 | 6.75% | ||
| davdiprossimo | 0 | 74,553,012,524 | 100% | ||
| india-leo | 0 | 514,750,071 | 9% | ||
| saboin.leo | 0 | 41,197,385 | 13% | ||
| ykretz.leo | 0 | 1,356,142,957 | 100% | ||
| grabapack | 0 | 1,408,387,412 | 4.5% | ||
| be-alysha | 0 | 4,030,013,559 | 88% | ||
| venarisyndicate | 0 | 4,010,004,581 | 4.5% | ||
| khaltok | 0 | 797,726,284 | 9% | ||
| beststart | 0 | 2,466,423,215 | 1.5% | ||
| plicc8 | 0 | 805,394,803 | 9% | ||
| blesker | 0 | 731,022,734 | 100% | ||
| youdontknowme | 0 | 539,111,469 | 3.12% | ||
| thoth442 | 0 | 605,540,247 | 4.5% | ||
| micheal87 | 0 | 514,454,302 | 9% | ||
| fredaig | 0 | 2,231,864,845 | 100% | ||
| leo.tasks | 0 | 134,147,058 | 9% | ||
| neal.power | 0 | 25,502,549,105 | 4.5% | ||
| marriot5464 | 0 | 660,173,753 | 50% | ||
| sammyhive | 0 | 2,706,216,255 | 100% | ||
| diodao | 0 | 63,351,594,769 | 100% | ||
| solides | 0 | 2,500,150,031 | 100% |
Will bitcoin every bounce back on its feet? That is the question, right now one has to debate if or not to invest in it before taking any drastic measures. The world as a whole is still trying to recover
| author | fredaig |
|---|---|
| permlink | re-yaroschain-202364t03043929z |
| category | hive-167922 |
| json_metadata | {"tags":["hive-167922","leofinance","bitcoin","nft","nftart","ordinals"],"app":"ecency/3.0.39-mobile","format":"markdown+html"} |
| created | 2023-06-03 23:30:48 |
| last_update | 2023-06-03 23:30:48 |
| depth | 1 |
| children | 4 |
| last_payout | 2023-06-10 23:30:48 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.045 HBD |
| curator_payout_value | 0.046 HBD |
| pending_payout_value | 0.000 HBD |
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| body_length | 203 |
| author_reputation | 24,438,503,698,600 |
| root_title | "Ordinals in Bitcoin: Innovation or Controversy? " |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 124,133,923 |
| net_rshares | 205,866,625,746 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| yaroschain | 0 | 205,866,625,746 | 13% |
You're right, but many are thinking about investing in Ordinals because it is novel and has brought new attention to Bitcoin beyond traditional crypto investments. NFTs in Bitcoin have become trendy, hence one thinks about investing in them.
| author | yaroschain |
|---|---|
| permlink | re-fredaig-rvs9o9 |
| category | hive-167922 |
| json_metadata | {"tags":["hive-167922"],"app":"peakd/2023.6.2"} |
| created | 2023-06-05 14:02:36 |
| last_update | 2023-06-05 14:02:36 |
| depth | 2 |
| children | 3 |
| last_payout | 2023-06-12 14:02:36 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
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| root_title | "Ordinals in Bitcoin: Innovation or Controversy? " |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 124,177,383 |
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With the crowd in NFTs if it becomes overcrowded it might spoil on the way. Am not really a fan of investment as i find it hard to loose my cash. Since its at owner risk
| author | fredaig |
|---|---|
| permlink | re-yaroschain-202365t21152975z |
| category | hive-167922 |
| json_metadata | {"tags":["hive-167922"],"app":"ecency/3.0.39-mobile","format":"markdown+html"} |
| created | 2023-06-05 20:15:30 |
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| root_title | "Ordinals in Bitcoin: Innovation or Controversy? " |
| beneficiaries | [] |
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| percent_hbd | 10,000 |
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Congratulations @yaroschain! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s) <table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@yaroschain/upvoted.png?202306040110"></td><td>You received more than 800 upvotes.<br>Your next target is to reach 900 upvotes.</td></tr> </table> <sub>_You can view your badges on [your board](https://hivebuzz.me/@yaroschain) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub> <sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub> **Check out our last posts:** <table><tr><td><a href="/hive-122221/@hivebuzz/pum-202305-delegations"><img src="https://images.hive.blog/64x128/https://i.imgur.com/fg8QnBc.png"></a></td><td><a href="/hive-122221/@hivebuzz/pum-202305-delegations">Our Hive Power Delegations to the May PUM Winners</a></td></tr><tr><td><a href="/hive-122221/@hivebuzz/pud-202306-feedback"><img src="https://images.hive.blog/64x128/https://i.imgur.com/zHjYI1k.jpg"></a></td><td><a href="/hive-122221/@hivebuzz/pud-202306-feedback">Feedback from the June Hive Power Up Day</a></td></tr><tr><td><a href="/hive-122221/@hivebuzz/pum-202305-result"><img src="https://images.hive.blog/64x128/https://i.imgur.com/mzwqdSL.png"></a></td><td><a href="/hive-122221/@hivebuzz/pum-202305-result">Hive Power Up Month Challenge - May 2023 Winners List</a></td></tr></table>
| author | hivebuzz |
|---|---|
| permlink | notify-yaroschain-20230604t013315 |
| category | hive-167922 |
| json_metadata | {"image":["http://hivebuzz.me/notify.t6.png"]} |
| created | 2023-06-04 01:33:15 |
| last_update | 2023-06-04 01:33:15 |
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| root_title | "Ordinals in Bitcoin: Innovation or Controversy? " |
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