- The Bitcoin Ordinals site faced a DDoS attack, causing a crash, which is ironic given Ordinals' criticism for spamming the Bitcoin network.
- Casey Rordamor, the creator, labeled it a DDoS, but critics like Luke Dashjr highlight Rordamor's own network "spamming."
- Dashjr's comparison of Ordinals to a heinous act intensified the already heated debate.
- Despite backlash, the Ordinals site is back up, adding more entries to the network.
- Bitcoin's network congestion worsens, with over 370,000 unconfirmed transactions and soaring fees, exacerbating the "spam" scenario.

Certainly, here's an alternative text broken down into paragraphs:
Recently, the Bitcoin Ordinals' classification as "spam" triggered a heated debate on Twitter. Almost instantly, factions emerged among developers and enthusiasts, and the exchanges of verbal jabs have persisted since.
However, a surprising twist unfolded this week. The Bitcoin Ordinals website encountered its inaugural spam attack since its inception, resulting in widespread derision and ridicule from the "anti-Ordinals squad."
The Ordinals' Website faced a Massive Crash. On December 27, a Distributed Denial of Service (DDOS) attack struck the Bitcoin Ordinals website, leading to a complete blackout. In essence, DDOS attacks inundate a network with requests, overwhelming it and causing it to cease functioning.
This attack drew comparisons from critics who likened it to the impact Ordinals supposedly exert on the Bitcoin network. The irony was glaring, and detractors swiftly capitalized on it, reigniting the contentious debate.
Casey Rordamor, the creator of Bitcoin Ordinals, broke the news of the attack through a tweet, expressing bewilderment at the unprecedented crash since the website's launch.
Critics didn't hold back. Luke Dashjr, the Bitcoin core developer central to the pro versus anti-Ordinals discourse, seized the opportunity to question Rordamor's portrayal of the crash as a DDOS attack. Dashjr highlighted Rordamor's alleged hypocrisy, referencing previous arguments wherein he justified Ordinals as long as miners processed ordinal transactions.
Dashjr's criticism extends further. He once likened Ordinals on the Bitcoin network to a sensitive issue, comparing it to a now-deleted Twitter thread where he paralleled the concept to a distressing analogy.
Despite the website's restoration and the continuous inscription of ordinals on the network amid the criticism, Bitcoin's "spam" issue persists. The mempool holds over 370,000 unconfirmed transactions, causing fees to surge drastically for both standard and high-priority transactions.
Disclaimer: While aiming for accuracy, Voice of Crypto absolves itself from any potential misinformation. Cryptocurrencies are highly volatile assets, necessitating thorough research before making financial decisions.

#Bitcoin #BTC #Ordinals #bitcoinordinals #BitcoinETF

📙 ORDINALS 101 kit 📙
Everyone keep talking about ordinals, so I am back :D to let you know everything and so you have your tools ready to get in.

What do you ned to start?

You just need:
● Bitcoin (you can send from Binance)
● An ordinal wallet (careful with the 2 type of addresses like taproot)! *
● Ordinal Marketplace**
● Mempool (to see status of your transactions)**

*Note 1: Legacy and Taproot addresess
It's crucial to highlight that when dealing with Bitcoin and Ordinals, understanding the distinction between legacy addresses and taproot addresses is key. Typically, the addresses you'll be utilizing for ordinal transactions fall under SegWit and/or Taproot (an example of their appearance is shown in the accompanying image). Being mindful is essential because using them incorrectly might result in the platforms interpreting your ordinals as regular sats, leading to potential loss of your digital artifacts.

You have 2 type of addresses (in this case, we are using XVERSE example):

1- Your BITCOIN address (where you send bitcoin to pay fees and buy ordinals)
2- Your ORDINALs address aka taproot (where you receive or from where you send your inscriptions). Starts with bc1

NOTE 2. Useful references
References for your 101 ordinal kit.

💼WALLETS
UNISAT
ORDINALS WALLET
●XVERSE (download as app)
●LEATHER

🛒ORDINALS MARKETPLACE

Magic Eden
Ordinals wallet
Unisat
Mempool.space

P.S. Unfortunately, I can't include links, but each of these projects has its dedicated X/Twitter account. Make sure to verify using the correct tag.
P.S.2. I've organized a handy ordinal library pin on my X/Twitter account, gathering various information with accompanying resources. The handle is identical to this one. Drop a greeting in the comments if you spot it from here! 😄

#btc #bitcoinordinals #ordinals #Ordinal

According to a report compiled by @dgtl_assets of Dune Analytics, the total network fees paid for minting Bitcoin Ordinals reached 1.414 Bitcoin (BTC), equivalent to $38.2 million, on May 20th, marking a 700% increase compared to April 20th and an 831% increase since April 1st. An analysis shows that while there is still interest in Bitcoin NFTs, the majority of Bitcoin Ordinals have shifted towards text-based inscriptions, as opposed to the relatively balanced mix of text and image inscriptions from February to April.

According to the explanation from the cross-chain wallet BitKeep, Bitcoin Ordinals "are a numbering system designating a unique number for each individual SAT [Satoshi, or 1/100 millionth of a Bitcoin], allowing tracking and transfer." Combined with the Inscription process, which adds an additional layer of data for each Satoshi, users can mint unique digital assets on the Bitcoin blockchain.

In contrast to traditional NFTs, built on smart contracts and stored on solutions like IPFS, the BitKeep developers explain that "Ordinals reside entirely on the Bitcoin blockchain and do not require sidechains or separate tokens."

In January 2023, Web 3.0 developer Rodarmor released the Bitcoin Ordinal theoretical framework. Additionally, Web 3.0 developer domo created the Bitcoin BRC-20 token standard in March 2023, utilizing both Ordinals and Inscription to create and manage token contracts, mint tokens, and transfer tokens on Bitcoin.

Since then, over 8 million Bitcoin Ordinals have been minted, along with 24,677 BRC-20 tokens created, with a total market capitalization of $612.5 million. On May 20th, cryptocurrency exchange OKX announced the listing of ORDI BRC-20 tokens, the most popular in that portfolio with a market capitalization of over $300 million.

#BTC #bitcoinordinals #bitcoin

What are they?

Bitcoin ordinals are a type of non-fungible token (NFT) that are associated with individual satoshis, the smallest unit of Bitcoin. They allow users to assign unique identifiers and extra data to satoshis, which can be used to represent a variety of assets, including art, music, collectibles, and even real-world objects.

Bitcoin ordinals were made possible by the Taproot upgrade to the Bitcoin blockchain, which was activated in November 2021. Taproot introduces Schnorr signatures, which are a more efficient and secure way to sign Bitcoin transactions. Schnorr signatures also allow for the use of scriptless signatures, which can be used to create NFTs.

To create a Bitcoin ordinal, a user creates a new Bitcoin transaction that sends a certain number of satoshis to a new address. The transaction also includes a script that contains the ordinal's identifier and any additional data that the user wants to associate with the ordinal.

Once the transaction is confirmed on the Bitcoin blockchain, the ordinal is created. The ordinal's identifier is then recorded in the blockchain, and the satoshis associated with the ordinal are locked into the new address.

Bitcoin ordinals can be transferred to other users just like any other Bitcoin transaction. The new owner of the ordinal will be able to access the satoshis associated with the ordinal and any additional data that is stored in the script.

Bitcoin ordinals are still a relatively new technology, but they have the potential to revolutionize the way that we interact with Bitcoin. Ordinals could be used to create a new marketplace for digital assets, and they could also be used to create new applications for Bitcoin.

Here are some of the potential applications of Bitcoin ordinals:

Digital art and collectibles: Ordinals could be used to create unique and valuable digital art and collectibles. For example, an artist could create a limited edition print of a painting and then assign an ordinal to each print. The ordinal would then serve as a certificate of authenticity and ownership.

Real-world assets: Ordinals could be used to track the ownership of real-world assets, such as cars, houses, and even land. For example, a car dealership could assign an ordinal to each car that it sells. The ordinal would then be used to track the car's ownership and history.

Smart contracts: Ordinals could be used to create smart contracts, which are self-executing contracts that are stored on the blockchain. For example, a smart contract could be used to automatically transfer ownership of an asset when a certain condition is met.

Bitcoin ordinals are still in their early stages of development, but they have the potential to change the way that we use Bitcoin.

PRICE IMPACT ON #BTC

The impact of Bitcoin ordinals on the price of Bitcoin is still uncertain. Some experts believe that ordinals could have a positive impact on the price of Bitcoin, as they could make Bitcoin more attractive to investors and users. Ordinals could also increase the demand for Bitcoin, which could drive up the price.

Other experts believe that ordinals could have a negative impact on the price of Bitcoin, as they could increase the amount of data that needs to be stored on the blockchain. This could lead to increased transaction fees and congestion on the network, which could make Bitcoin less attractive to users.

Ultimately, the impact of Bitcoin ordinals on the price of Bitcoin will depend on a number of factors, including the level of adoption of ordinals, the amount of data that needs to be stored on the blockchain, and the overall state of the cryptocurrency market.

Here are some of the factors that could affect the impact of Bitcoin ordinals on the price of Bitcoin:

Adoption: The more widely ordinals are adopted, the greater the impact they could have on the price of Bitcoin. If ordinals become a popular way to store and transfer digital assets, they could increase the demand for Bitcoin and drive up the price.

Data storage: The amount of data that needs to be stored on the blockchain could also affect the impact of Bitcoin ordinals on the price of Bitcoin. If ordinals require a lot of data to be stored on the blockchain, this could lead to increased transaction fees and congestion on the network, which could make Bitcoin less attractive to users.

Market conditions: The overall state of the cryptocurrency market could also affect the impact of Bitcoin ordinals on the price of Bitcoin. If the cryptocurrency market is bullish, ordinals could have a positive impact on the price of Bitcoin. However, if the cryptocurrency market is bearish, ordinals could have a negative impact on the price of Bitcoin.

It is still too early to say definitively what the impact of Bitcoin ordinals will be on the price of Bitcoin. However, the potential for ordinals to have a positive impact on the price of Bitcoin is certainly there.

Thanks for reading and always be updated with the latest and one of the best blockchain contents online, especially in BINANCE FEED! #crypto2023 #cryptocurrency #bitcoin #bitcoinordinals

The Ordinals protocol introduces a unique system for numbering satoshis, assigning each satoshi a serial number, and tracking them across transactions. In essence, ordinals enable the individualization of satoshis by appending additional data, a process known as 'inscription.'
A satoshi, named after Bitcoin's pseudonymous creator Satoshi Nakamoto, represents the smallest unit of bitcoin (BTC), divisible into 100,000,000 satoshis, with each satoshi valued at 0.00000001 BTC.
Satoshis receive numerical designations based on the order in which they are mined and transferred. The numbering scheme relies on the mining order, while the transfer scheme depends on the order of transaction inputs and outputs, hence the term 'ordinals.' The first satoshi in the initial block holds the ordinal number 0, followed by the second with ordinal number 1, and so forth. According to ordinal theory, these numbers serve as stable identifiers for the attached data.
While traditional NFTs share similarities with ordinals, there are key distinctions. NFTs are typically created using smart contracts on platforms like Ethereum, Solana, and BNB Chain, with the assets they represent often hosted elsewhere.
In contrast, ordinals are directly inscribed onto individual satoshis, integrated into blocks on the Bitcoin blockchain. Ordinals exist entirely on the blockchain, avoiding the need for a sidechain or separate token. In this way, ordinal inscriptions inherit the simplicity, immutability, security, and durability inherent in Bitcoin itself.
#webgtr #bitcoinordinals #BTC #etf #ETH

It's still not very busy going forward, but.. it's likely to be bustling with NFTs and great features.

🔸 Details : https://academy.binance.com/en/glossary/ordinals?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial

💎Order of Bitcoin Wallet : https://ordinalswallet.com/wallet

💎 Ordinal Bitcoin Marketplace : http://ordswap.io/

💎Ordinal Bitcoin Bridges : https://sideshift.ai/

#BTC #Binance #bitcoinordinals #keepbuilding

Bitcoin: A Comprehensive Guide to the World's First Cryptocurrency

Bitcoin is a digital currency that was created in 2009 by an unknown person using the pseudonym Satoshi Nakamoto. It is a decentralized form of currency that operates independently of central banks and governments. Bitcoin uses a peer-to-peer network to facilitate transactions and is stored on a blockchain, a public ledger that records all Bitcoin transactions.

Bitcoin's popularity has grown significantly in recent years, with its market capitalization reaching over $1 trillion in 2021. In this article, we will take a closer look at what Bitcoin is, how it works, and its potential implications for the future of finance.

What is Bitcoin?

Bitcoin is a digital currency that is created and held electronically. It is decentralized, meaning it is not controlled by any central authority, such as a government or financial institution. Bitcoin is also known as a cryptocurrency because it uses cryptography to secure transactions and control the creation of new units.

How Does Bitcoin Work?

Bitcoin transactions are verified by network nodes through cryptography and recorded in a public ledger called a blockchain. The blockchain is a decentralized database that records all Bitcoin transactions, and it is maintained by a network of computers around the world.

To send or receive Bitcoins, users must have a Bitcoin wallet, which is a digital wallet that stores the user's private keys, which are used to access their Bitcoin address and sign transactions. Bitcoin wallets come in various forms, including desktop wallets, mobile wallets, and hardware wallets.

When a user wants to send Bitcoins to another user, they broadcast the transaction to the Bitcoin network. The network nodes then verify the transaction and add it to the blockchain. Once the transaction is confirmed, the Bitcoins are transferred from the sender's wallet to the receiver's wallet.

Bitcoin Mining

One unique aspect of Bitcoin is that it is created through a process called mining. Bitcoin mining is the process of adding transaction records to the blockchain by solving complex mathematical equations. Miners use specialized computer hardware and software to solve these equations, and they are rewarded with newly created Bitcoins for each block they add to the blockchain.

The mining process is designed to be difficult so that the number of new Bitcoins created each day is limited. The number of Bitcoins created each day is halved every four years, which is known as the Bitcoin halving.

Bitcoin's Limitations

While Bitcoin has many advantages over traditional currencies, it also has some limitations. One of the biggest limitations is that it can be slow and expensive to use for small transactions. This is because the blockchain can only process a limited number of transactions per second, and the fees for transactions can be high during times of high demand.

Another limitation of Bitcoin is that it is not widely accepted as a form of payment. While more and more businesses are starting to accept Bitcoin, it is still not as widely accepted as traditional currencies.

Bitcoin's Potential Implications for the Future

Bitcoin has the potential to transform the world of finance in many ways. One of the most significant implications of Bitcoin is that it allows for truly borderless transactions. Because Bitcoin is decentralized, it can be sent anywhere in the world without the need for a bank or other financial institution to facilitate the transaction.

Bitcoin can also be used to provide financial services to people who do not have access to traditional banking services. This is because Bitcoin does not require a bank account or credit check to use.

Another potential implication of Bitcoin is that it could disrupt the traditional financial system. Because Bitcoin is decentralized and not controlled by any central authority, it could challenge the dominance of banks and other financial institutions.

Conclusion

Bitcoin is a digital currency that is decentralized and operates independently of central banks and governments. It uses a peer-to-peer network to facilitate transactions and is stored on a public ledger called a blockchain. Bitcoin has the potential to transform the world of finance

#bitcoindifficulty #bitcoindifficulty #bitcoinordinals

#Bitcoin is back and it’s bigger than ever. You know why? Because it has #NFTs now. Yes, you heard me right. NFTs on Bitcoin. They are called Ordinals and they are the next big thing. #nftcommunity

For the last two years, everyone was hyping up smart contract blockchains. They were saying they are the future and they can do everything. They were saying you can make money with them by staking and DeFi and all that stuff. They were saying you can create and collect digital art with them by using NFTs.

But guess what? Bitcoin can do all that too. And better. Because it’s Bitcoin. It’s the OG. It’s the most trusted, secure, and decentralized cryptocurrency out there.

A few weeks ago, Ordinals started popping up on Bitcoin and they blew everyone’s mind. They are NFTs that you can mint directly onto the Bitcoin blockchain using data inscribed on each satoshi. That’s insane.

People who used to ignore or hate on Bitcoin suddenly realized what they were missing out on. They started flocking back to Bitcoin like crazy.

This is what we have been saying all along: whatever happens on other blockchains will eventually come back to Bitcoin and it will be better on Bitcoin

The Shocking Reason Why Ordinals Matter More Than You Think

Let me ask you something. Why do you think Ordinals are so important? Why do you think people are going crazy over them?

It’s not because they are new or cool or trendy. It’s because they are on Bitcoin. That’s right. Bitcoin. The one and only. The original gangster. The one that started it all.

Think about it. If you had a choice between two houses by the beach, which one would you pick? One that is nice but in a cold and rainy place like Ireland? Or one that is amazing and in a sunny and beautiful place like Hawaii? Bitcoin is Hawaii, baby.

Bitcoin is the best blockchain out there. It’s the most trusted, decentralized, and secure one. It has a fixed supply and a predictable inflation rate. It’s the king of crypto. Everything on Bitcoin becomes more valuable. Including Ordinals.

That’s why people want them so bad. That’s why they are willing to pay top dollar for them. Because they know they are getting something special on Bitcoin." #bitcoinordinals

How Ordinals Are Breaking All the Rules of NFTs

You need to understand that Ordinals are not your typical NFT. They are way more badass and complicated than that. They are harder to make, which means they are harder to get. And you know what that means? More value for those who get in early. Ordinals are tied to a specific Satoshi, which is like the smallest unit of Bitcoin. That’s why some crazy folks are paying tons of Bitcoin for one Satoshi.

Now, you might be thinking: what about those other NFTs on other blockchains, like crypto punks or BAYC? Aren’t they valuable because they are scarce? Sure, they are. But that’s not how we roll in Bitcoin land. We don’t care about scarcity alone. We care about issuance.

Issuance means when and how an Ordinal was created. The first 10,000 Ordinals will always be the most sought-after ones. It doesn’t matter what project they belong to. It matters when they were born. And it also matters what happened in Bitcoin history when they were born.

Maybe an Ordinal was created during the Bitcoin halving, or when a big round block number was mined, or when BTC hit $100k (which it will). Maybe some of the most epic Ordinals were linked to the OG himself, #SatoshiNakamoto (whoever he is). The possibilities are endless.

The bottom line is this: Bitcoin is all about the issuance and so are Ordinals.

How Ordinals Could Solve Bitcoin’s Biggest Problem

Ordinals are not just cool and valuable. They are also game-changers for Bitcoin. For a long time, Bitcoin was boring and stagnant. Some of the big shots in the space were too scared to try new things or mess with the status quo. They were happy sitting on their piles of money and watching Bitcoin go up and down.

But that’s not what Bitcoin is about. Bitcoin is about innovation and experimentation. It’s about pushing the boundaries and creating new possibilities. That’s what it used to be like back in the day, when Bitcoin was where all the action was happening. Maybe we can go back to that. Maybe Ordinals can spark that fire again.

The Bitcoin ecosystem is already more lively and fun than before. People are talking about Ordinals, trading them, collecting them, creating them. And you know what else? Ordinals could also solve one of the biggest problems for Bitcoin: miner incentives.

When the Bitcoin halving reduces the block reward to almost nothing, how will get paid? Well, maybe they can get paid with Ordinals. Maybe they can create and sell unique Satoshis that are linked to their blocks or transactions or events.

What do you think? Do you think Ordinals are the next big thing for Bitcoin?

- Ninja Alerts debuts its inaugural game on the Bitcoin platform, marking a significant stride in blockchain integration for gaming.
- CEO Trevor Owens shared the news, underlining the company's dedication to exploring crypto frontiers.
- This move underscores a growing trend of adopting Bitcoin as a gaming platform, presenting potential for decentralized gaming experiences.
- Owens predicts Bitcoin Layer-2 and Solana DApps to be the talk of 2024, hinting at a shift towards scalability and interoperability in blockchain gaming.

Ninja Alerts CEO, Trevor Owens, recently revealed groundbreaking news about the integration of a classic game, SNES (Super Nintendo System Games), onto the Bitcoin blockchain. This innovative project involved the use of Bitcoin Ordinals, encoding information directly onto Satoshis. Initially utilized as Bitcoin NFTs, Ordinals evolved to include text, images, audio, video, and code, with a recent trend towards incorporating custom software.
The SNES game, launched in 1991, has been revamped and reissued on the Bitcoin blockchain by Owens and his team as part of the Pizza Ninjas company's book launch. Accessible through any internet browser, the game represents a milestone as the first playable game on the Bitcoin blockchain. The development process spanned six months, with additional challenges arising from the integration with various marketplaces and blockchain explorers.
Owens took to Twitter to describe the intricate nature of inscribing on a Satoshi, emphasizing the difficulty of replicating this process on the Ethereum blockchain. He coined this innovative method as "Art as an Application," where the term "application" refers to software in this context.
The community has largely welcomed this development, dubbing the SNES game the next generation of Bitcoin ordinals, with names like "Ordinal Season Two." However, concerns have been raised about potential copyright infringement and legal repercussions. Investigation reveals that SNES, copyrighted for 95 years since its 1991 launch, may pose challenges, with possible legal actions from Nintendo. The outcome depends on the discretion of Nintendo and their chosen course of action.
The journey of Bitcoin Ordinals began with the Ordinal Theory, proving that Satoshis, the smallest Bitcoin units, can carry inscribed information. Initially deemed impossible for Bitcoin due to its lack of smart contract capability, this theory revolutionized the creation of Bitcoin Ordinals, pioneered by Casey Rodarmor in 2022.
As of January 9, 2023, there are 54 million ordinals on the Bitcoin blockchain, surpassing the popularity of NFTs. Trevor Owens predicts significant trends for 2024, highlighting the need for Bitcoin's Layer-2 Solution akin to Ethereum L2s to address scalability issues. He also points to Solana's growth in consumer-focused apps, emphasizing its rise in price and developmental activity.
A disclaimer reminds readers of the volatile nature of cryptocurrencies and encourages independent research and decision-making. The Voice of Crypto aims to provide accurate and up-to-date information but disclaims responsibility for any missing facts or inaccuracies.
#Ordinals #bitcoinordinals #BTC #BitcoinETFs! #Crypto2024
$BTC