{"id":553617,"date":"2023-02-18T20:00:00","date_gmt":"2023-02-18T17:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/how-the-ordinals-movement-will-benefit-the-bitcoin-blockchain\/"},"modified":"2023-02-18T20:00:00","modified_gmt":"2023-02-18T17:00:00","slug":"how-the-ordinals-movement-will-benefit-the-bitcoin-blockchain","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/how-the-ordinals-movement-will-benefit-the-bitcoin-blockchain\/","title":{"rendered":"# How the Ordinals movement will benefit the Bitcoin blockchain"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3894eb45eaf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3894eb45eaf\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/how-the-ordinals-movement-will-benefit-the-bitcoin-blockchain\/#%E2%80%9D_How_the_Ordinals_movement_will_benefit_the_Bitcoin_blockchain_%E2%80%9C\" >&#8221; How the Ordinals movement will benefit the Bitcoin blockchain &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_How_the_Ordinals_movement_will_benefit_the_Bitcoin_blockchain_%E2%80%9C\"><\/span>&#8221; How the Ordinals movement will benefit the Bitcoin blockchain &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvMWMwYzMwMmUtZTBlZS00MmZlLTk0NjgtZjg2NDQ4NTVmYzAxLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>Bitcoin (BTC) NFTs will have a positive impact on Bitcoin ecosystem by improving its security and incentivizing developers to build on the network, according to independent developer Udi Wertheimer.\u00a0<\/p>\n<p>The number of newly created Ordinals, also referred to as &#8220;in<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">script<\/a>ions&#8221;, have been spiking in recent weeks, causing a surge in transaction fees and average block size on the Bitcoin blockchain.\u00a0<\/p>\n<p>According to Wertheimer, Bitcoin NFTs are going to be beneficial for Bitcoin&#8217;s security budget: by driving up transaction fees, the creation of Ordinals will incentivize miners to secure the network while the revenue from mining reward will be decreasing with each Bitcoin halving. <\/p>\n<p>\u201cBecause the block space is scarce and because there&#8217;s demand for stuff like inscriptions, there&#8217;s a lot of hope that we will get enough people who want to pay fees in order to keep the Bitcoin network secure,\u201d Wertherimer explained in a recent interview with Cointelegraph. <\/p>\n<p>Also, Wertheimer noted, Ordinals provide a new use case that will make building on Bitcoin commercially profitable. <\/p>\n<p>\u201cWith all of that interest around Ordinals and inscriptions, I expect that there is going to be a very big ecosystem that is built around that,\u201d he said. <\/p>\n<p>Wertheimer dismisses the notion, held by some Bitcoin core developers, that creating NFTs is not an appropriate use case for Bitcoin. According to him, in recent years Bitcoin core developers &#8220;have ignored what actual Bitcoin users want.&#8221;<\/p>\n<p>To find out more about Ordinals and how they are impacting the Bitcoin network, watch the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/youtu.be\/D_mjl023FCs\">full interview<\/a> on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/c\/cointelegraph_com\/videos\">our YouTube channel<\/a> and don\u2019t forget to subscribe! <\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/how-the-ordinals-movement-will-benefit-the-bitcoin-blockchain\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; How the Ordinals movement will benefit the Bitcoin blockchain &#8220; Bitcoin (BTC) NFTs will have a positive impact on Bitcoin ecosystem by improving its security and incentivizing developers to build on the network, according to independent developer Udi Wertheimer.\u00a0 The number of newly created Ordinals, also referred to as &#8220;inscriptions&#8221;, have been spiking in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":553618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/1c0c302e-e0ee-42fe-9468-f8644855fc01.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,102407,81260,78828,110413,74989,74937,82174,74894,74863,95118,74355,72927,73785],"class_list":["post-553617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-block-size","tag-bitcoin-community","tag-bitcoin-halving","tag-bitcoin-industry","tag-bitcoin-mining","tag-bitcoin-price","tag-bitcoin-utility","tag-blockchain","tag-cryptocurrencies","tag-nft","tag-adoption","tag-fees","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/553617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=553617"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/553617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/553618"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=553617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=553617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=553617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}