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We believe zero-knowledge proofs (ZKPs) will continue to mature, both with new theoretical advancements in recursive proving and the gradual specialization of companies within the vertical to specific roles, such as co-processing, prove executions, zkDevOps, privacy layers, and so on. With this we are beginning to use ZKPs as a
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Unbroken Chain has already started investing early contributions of $1.5 million, with initial assets including a Bitcoin Rock – from the first contiguous collection of inscribed Ordinals – purchased on Sept. 20 for 3 BTC (roughly $85,000), according to the statement. Original Source
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Despite concerns that Bitcoin Ordinals are clogging the network, there is little evidence to suggest inscriptions are taking blockspace away from higher-value Bitcoin (BTC) monetary transfers.“There is minimal evidence that inscriptions are displacing monetary transfers,” on-chain analytics firm Glassnode explained in a Sept. 25 report.The firm explained that this is likely because
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In this week’s newsletter, read about how marketplace Magic Eden integrated compressed nonfungible tokens (NFTs) into its platform and how Meta launched its metaverse game on mobile and web. Check out why the Bitcoin Ordinals creator proposes changing the protocol’s numbering system and learn about Atari founder Nolan Bushnell’s perspectives
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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
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance Pool, the Bitcoin (BTC) mining pool, is launching an Ordinals inscription service for users to annotate satoshis, store ownership records, and more. To access this service, users must have a verified account and a Taproot address,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Despite the recent price drop and fading hype over NFTs, Ordinals inscriptions remain prominent on the Bitcoin (BTC) network. On Aug. 21, the developer behind Ordinals, known as “Leonidas,” revealed that Bitcoin had processed 530,788 transactions in
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DappRadar has pointed to an “alarming plunge” in Bitcoin Ordinals nonfungible token user activity, with trading volumes tanking around a whopping 98% since May. In an Aug. 17 report, DappRadar highlighted its data showing that the total Bitcoin Ordinals sales volume had decreased from peak levels of $452 million in
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The Bitcoin Frontier Fund, formerly Stacks Ventures, launched what it’s calling the first Bitcoin Ordinals accelerator program on Aug. 14.Program InformationThis program is led by VC @TO & is a 4-month program for builders to raise funding, connect with mentors, & be guided by the best in the industry (sneak
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In this week’s newsletter, read about how the team behind Bitcoin Ordinals plans to drive the development of nonfungible tokens (NFTs) on Bitcoin and find out why metaverse platform The Sandbox requires Know Your Customer (KYC) checks for staking. In other news, learn why NFT gas usage is on a
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