Ordinals can have a positive impact on the Bitcoin ecosystem by improving its security and incentivizing developers to build on the network.
The number of newly created Ordinals has skyrocketed since their launch, which caused an increase in transaction fees and average block size on the Bitcoin blockchain.
In addition, Bitcoin NFTs will be beneficial to Bitcoin security.
By increasing transaction fees, the creation of Ordinals will incentivize miners to protect the network; whereas, revenue from mining rewards decreases with each Bitcoin halving.
An independent developer, Udi Wertheimer, explained, "Because block space is scarce and there is demand for things like registrations, there is a lot of hope that we will have enough people willing to pay fees to keep the Bitcoin network secure."
In addition, Ordinals provide a new use case for making Bitcoin construction commercially profitable.
"With all that interest around Ordinals and signups, I expect there will be a very large ecosystem built around that," he said.
Wertheimer dismisses the idea of some Bitcoin core developers who claim that NFT creation is not an appropriate use case for Bitcoin.
According to him, in recent years, Bitcoin's core developers "have ignored what real Bitcoin users want."
