Latest Blockchain news from around the world

Litecoin Community Adopts Ordinal Inscriptions, Following Bitcoin’s Lead – Expertise Bitcoin Information


Following a rising pattern of Ordinal inscriptions on the Bitcoin blockchain, the expertise has been ported to the Litecoin community, and the variety of onchain Litecoin inscriptions has surpassed 13,000. Software program developer Anthony Guerrera made Ordinal inscriptions on the Litecoin community doable by receiving 22 Litecoin to port the expertise to the proof-of-work (PoW) blockchain.

Digital Collectibles Are Now Attainable on Litecoin

Proponents of the cryptocurrency community Litecoin (LTC) had been happy to listen to that Ordinal inscriptions are actually doable on the community. Software program developer Anthony Guerrera accepted a problem to port the expertise to Litecoin after the provide grew from 5 LTC to 22 tokens.

Whereas Litecoin’s community has a variety of variations, its codebase shares similarities with Bitcoin, together with additions like Segregated Witness (Segwit) and Taproot, which make Ordinal inscriptions doable on the Litecoin community.

“JUST IN: BTC Ordinals are actually on Litecoin,” Guerrera tweeted on Feb. 18. The coder additionally shared the open-source codebase hosted on Github and additional defined that he inscribed the primary Ordinal onchain. The developer mentioned:

The primary Litecoin Ordinal has been inscribed on the Litecoin blockchain. The mimblewimble whitepaper will reside inside Litecoin without end.

For the reason that codebase was launched and the primary Litecoin-based Ordinal inscription was shared on Twitter by Guerrera, the variety of LTC-based Ordinals has grown considerably. On the time of writing, there are roughly 13,211 Ordinals on the Litecoin blockchain. Many individuals are sharing their Litecoin Ordinal inscriptions on social media and selling their newly launched LTC-based collections.

In the meantime, the variety of Ordinal inscriptions on the Bitcoin blockchain has surpassed 160,000, and the rising pattern reveals no signal of slowing down. Moreover, individuals are constructing infrastructure round Bitcoin-based Ordinals, resembling minting instruments that may problem an Ordinal inscription and not using a full node for a base payment, wallets, and marketplaces.

There are additionally quite a few collections competing to be the ‘blue-chip’ non-fungible tokens (NFTs) on the Bitcoin blockchain. It’s arduous to say whether or not the pattern will develop on Litecoin because it did on the Bitcoin community, however after Guerrera minted the primary one, hundreds have adopted. It will likely be fascinating to see if digital collectibles minted on both Bitcoin or Litecoin will enter the established NFT market economic system dominated by chains resembling Ethereum.

Tags on this story
Anthony Guerrera, Bitcoin, Blockchain, blue-chip, Codebase, Collections, Cryptocurrency, variations, Digital Collectibles, Financial system, Ethereum, github, infrastructure, litecoin, Marketplaces, Mimblewimble, minting instruments, NFTs, Non-fungible tokens, Onchain, Open Supply, Ordinal inscriptions, ported, Proof of Work, Segregated Witness, Social Media, Taproot, expertise, pattern, Wallets, Whitepaper

What do you consider Litecoin-based Ordinal inscriptions? Share your ideas within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Information and a monetary tech journalist dwelling in Florida. Redman has been an lively member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 6,000 articles for Information concerning the disruptive protocols rising right this moment.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, providers, or corporations. doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any harm or loss brought on or alleged to be attributable to or in reference to using or reliance on any content material, items or providers talked about on this article.

Leave A Reply

Your email address will not be published.