Ordinals Barnstorming Popularity Spills onto Litecoin

Despite harsh criticism from some camps, ordinal number keep growing. Analysis shows that to date he has over 161,000 inscriptions. Data from dunesThis has prompted some individuals to bring their projects to Litecoin. After all, both blockchains are very similar, but there are some differences.Like Bitcoin, Litecoin has SegWit and Taproot technologies that are essential for Ordinal to work. In addition to , it is a proof-of-work blockchain that supports faster transactions.

The quest to bring Ordinals to Litecoin began on February 10, after a pseudonymous Twitter user named Indigo Nakamoto challenged anyone to port the project to the network. In return, he promised to reward the individual with 5 LTC, or $500 at that time.

Five $LTC To those who port this #Litecoin #bitcoin #ordinal number https://t.co/7X4JfMzq97

Indigo | Nakamoto Tist (@indigo_nakamoto) February 11, 2023

Anthony GuerreraA software engineer has taken up this challenge and recently successfully launched the Litecoin Ordinals project on GitHub. This is after I forked Bitcoin Ordinals’ GitHub repository posted by its creator, Casey Rodarmor, last month.

Guerrera is “Basically, I was motivated by the bounty that Indigo and a few others put out to port Ordinals to Litecoin.” I stepped into the

Bounties increased from 5 LTC to 22 LTC, which at the time was approximately $2,100.

Porting ordinals to Litecoin proved difficult

However, the port was not without its challenges. The coder had issues with Ordinals’ dependency on Rust-bitcoin and did not support her MimbleWimble upgrade on Litecoin.Therefore he had to fork Rust-bitcoin creates something that works with Litecoin MWEB.

MimbleWimble was launched last May with the aim of enhancing Litecoin’s privacy and transaction size.

Guerrera said the upgrade gives Litecoin an advantage because it allows individuals to register more data in a single transaction at a lower cost than Bitcoin.

Embracing MWEB on the chain will allow users to transfer funds privately before registering. Getting out is a big advantage.”

Now there is a race to imprint JPEG and other data formats on Litecoin.

want more? Connect with NFT Plaza

Join our weekly newsletter
Join Discord
follow me on twitter
Like us on Facebook
Follow us on Instagram

Image credit via: Ordinals.com

*All investment/financial opinions expressed by NFT PLAZA are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.

Basil is an avid fan of blockchain technology and all its innovations, and is passionate about sharing this story with his audience. He has spent over five years in the crypto space, specializing in research and creating his Web3 content for various media outlets around the world.