Posted 2/11/2024, 9:00:25 PM
Ordinals Usher in New Era for Bitcoin with NFT Capabilities, Developer Growth, and Fee Market Changes
- Ordinals allow users to inscribe data like images to Bitcoin's blockchain to create NFT-like assets
- Ordinals have come to dominate Bitcoin's fee economy and miner revenue
- Metrics like mempool count, block size, fees have seen notable shifts due to ordinals
- Ordinals have attracted new developers and projects to Bitcoin
- Ordinals could lead to a very different Bitcoin ecosystem in the coming years