“Bitcoin Ordinals Inscription Numbering Scheme

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Casey Rodarmor, the mastermind behind Bitcoin Ordinals, has made it abundantly clear that he intends to revise the numbering system, opting for a transformation rather than total abandonment. In a bold move, Casey Rodarmor, the brains behind Bitcoin Ordinals, has recently proposed a significant overhaul of the protocol’s numbering structure. The objective? Streamlining the codebase of this ambitious project. Since the inception of the Ordinals protocol, each nonfungible token (NFT) minted via Ordinals has been assigned a distinct inscription number, akin to serial numbers. These numbers have played an integral role in identifying and authenticating digital artworks created within the protocol. Nevertheless, Rodarmor contends that the steadfast maintenance of these inscription numbers has resulted in the emergence of what he deems “clumsy code” and has hampered the progress of the protocol. To address this, the chief coder of the protocol has suggested a bold course of action—making the inscription numbers perpetually dynamic. This entails deprioritizing the numbering system responsible for assigning unique numbers to inscriptions within the Bitcoin network. According to Rodarmor, this strategic shift will not only simplify the protocol’s codebase but also render future protocol modifications more accessible. Importantly, he emphasizes that while inscription numbers are slated for change, they won’t be entirely discarded. Rodarmor clarifies that the new inscription numbers will bear a close resemblance to their predecessors but might exhibit a subtle 1% variance. While many within the community rally behind this initiative, some raise concerns regarding the potential repercussions for users who have invested substantially in acquiring specific numbers. However, a proactive community member points out that those with a vested interest in the numbering of inscriptions can still organize their collectibles based on timestamps.

Bitcoin Ordinals represents a revolutionary concept, allowing for inscriptions onto satoshis, the smallest unit of Bitcoin. The protocol made its debut in January 2023 and has witnessed a surge in popularity, with thousands of inscriptions being minted on the BTC network since its launch. As of August 21, this NFT-like protocol accounted for a staggering 84.9% of all activity within the Bitcoin network.