Bitcoin Ordinals creator proposes to change inscription numbering system
|Bitcoin Ordinals’s creator and chief coder, Casey Rodarmor, has recently proposed changing the protocol’s numbering system with the aim of simplifying the project’s codebase.
Since the beginning of the Ordinals protocol, each nonfungible token (NFT) created using Ordinals was assigned a unique inscription number. They functioned similarly to serial numbers and have been an integral part of the digital art minted in the protocol.
However, Rodarmor believes that keeping the inscription numbers stable has led to “ugly code and stalled development.” Because of this, the protocol’s chief coder proposed to make inscription numbers “permanently unstable,” which means that the numbering system that assigns unique numbers to inscriptions created in the Bitcoin network will be deprioritized.
According to Rodarmor, the move will simplify the protocol’s codebase and make it easier to make protocol changes easier in the future. The coder also clarified that inscription numbers would change but not be entirely scrapped. Rodarmor highlighted that new inscription numbers would be close to the old ones but might differ by 1%.
While many supported the move, others pointed out how users paid substantial amounts to get specific numbers and would be affected by the reorganization of numbers. Despite this, a community member noted that those who care about the numbering of the inscriptions can still sort the collectibles by their timestamps.
Bitcoin Ordinals are artifacts that allow inscribing into a satoshi, which is the smallest denomination of Bitcoin (BTC $27,057). The protocol launched in January 2023, with thousands of inscriptions minted on the BTC network since. On Aug. 21, the NFT-like protocol accounted for 84.9% of all the activity in the Bitcoin network.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.