Bitcoin Ordinals' Chief Coder Proposes 'Permanent Instability' in NFT Numbering System
Summary:
Bitcoin Ordinals' primary developer, Casey Rodarmor, suggests a shift in the protocol's numbering system to unstabilize NFT inscription numbers. Rodarmor believes this change may streamline the codebase and ease future protocol modifications. The unique numbering system will not be scrapped but adjusted, possibly varying by approximately 1% from the original ones. While some community members show support, others disagree due to their investments based on specific numbers. However, collections could be reorganized based on timestamps if necessary. This proposal comes as Bitcoin Ordinals, which allows inscription on a Satoshi, continues to generate significant activity on Bitcoin.
The primary developer of Bitcoin Ordinals, Casey Rodarmor, has recently put forward a proposal regarding potential alterations to the protocol's distinctive numbering system, with an end goal of streamlining the project's overall codebase. Since the establishment of the Ordinals protocol, each individual NFT (nonfungible token) produced within it was given a distinctive numeral, much in the same way as unique serial numbers. These numerical assignments played an important role in the digital art within the protocol. Regretfully, I have come to believe that the effort of maintaining the stability of these unique inscription numbers has flawed our code and hindered our progress, as the incorporation of new changes must be done with the utmost care to ensure the preservation of older… https://t.co/SsEqjdtZFB— Casey (@rodarmor) September 19, 2023.
Rodarmor, however, has expressed his concern that the maintenance of these inscription numbers in their stable form has been detrimental to the code and has contributed to developmental delays. Therefore, he suggests introducing a concept of “permanent instability” for these inscription numbers. This signifies a downgraded priority for the unique numbering of inscriptions within the Bitcoin network. Rodarmor expects that this approach would simplify the protocol's codebase and facilitate a smoother process for future protocol amendments. He also clarified that there will be modifications to the inscription number but they will not be completely eliminated. He further added that the new numbers may differ from the old ones by only about 1%. The proposal was met with mixed reactions from community members. Some individuals supported the idea, while others were discouraged due to the significant investment they made to acquire specific numbers. On the other hand, a member suggested that collectors concerned about the numbering re-shuffle could order their collection based on timestamp rather than numbers. The essential product of Bitcoin Ordinals is a provision that allows inscription on a Satoshi, the smallest fragment of a Bitcoin (BTC). This protocol was initiated in January 2023 which lead to a rapid increase of engravings on the Bitcoin network. The inception of Ordinals brought a wave of significant activity on Bitcoin. On August 21, the protocol documented at an impressive 84.9% of the entire Bitcoin network activity. However, some critics argue that Ordinals has worsened Bitcoin's comparison to Ethereum.
Published At
9/20/2023 8:07:39 AM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.