doesn’t stop us mildly commenting on the sheer waste and stupidity of an encoding. Warning: you only get the security and privacy benefits in supported. It can also simultaneously support multiple lightweight wallets with similar security and privacy to its built-in wallet. “you can’t stop them” well ofc! bitcoin is designed to be censor resistant. Bitcoin Core has a built in wallet with graphical and command line/API modes. According to Adam, although Bitcoin is “censor resistant,” having the NFT project on the platform is a “sheer waste” of the blockchain due to its storage inefficiency: Commenting on the use of Ordinals as a status symbol, a Twitter user argued that that was impossible because “Bitcoin does not discriminate and there is nothing even maxi can do about it.” “Sheer Waste” of the Bitcoin Blockchainīitcoin core developer Adam Back contributed to the discussion expressing his disapproval of having Ordinals on the Bitcoin blockchain. Those against Ordinals finding a home on Bitcoin claim that it can be used by deep-pocketed individuals to sideline small-scale BTC investors by using Ordinals as a status symbol. Can’t stop anyone from building it anyway.
Bitcoin core taking up too much space software#
– Drives more demand for block space (aka fees) Several clients provide the software to download the complete history of the Bitcoin blockchain. – Brings more financial use cases to Bitcoin However, he observed that this is likely to come at a cost since more block space usage can translate to congestion on the network hence a rise in transaction costs: Use Case Increases, But at What Cost?Ī BTC maximalist Dan Held supported Ordinals’ presence on the Bitcoin blockchain noting that it’s good for the BTC-powered protocol since it increases BTC’s use cases. Other BTC supporters lament that the NFT project is taking up too much block space, raising fears of a possible increase in transaction fees across the blockchain. Some consider the project as a way to expand Bitcoin (BTC) use cases while others think Satoshi Nakamoto wouldn’t be happy to see a digital collectibles project on a platform originally meant for cash transfers. The Bitcoin community is divided on the impact of the Ordinals NFT project on the Bitcoin blockchain.
The Bitcoin community is divided on the impact of the Ordinals NFT project on the Bitcoin blockchain.
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