Bitcoin Core Developer Luke Dashjr has proposed a significant fix aimed at mitigating network congestion caused by Bitcoin Ordinals BRC-20 tokens.
What Are Bitcoin Ordinals?
Bitcoin Ordinals are basically non-fungible tokens (NFTs) on the Bitcoin blockchain, utilizing satoshis as the base unit. Each satoshi is assigned a unique serial number called an ordinal, aiding in tracking ownership and location.
The Ordinal protocol allows for additional content, like images or text, to be attached to satoshis through a process called inscribing. This enables the storing of NFTs directly on the Bitcoin blockchain, benefiting the security and decentralization features of Bitcoin….
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