Ordinals Protocol

Ordinals protocol

In NFT Sales, Bitcoin Jumps to No. 2 Spot in a Matter of Months

According to data platform CryptoSlam, NFTs on Bitcoin have grossed about $167 million in the past thirty days, creeping up on Ethereum’s number one position.

By Cam Thompson

May 22, 2023 at 10:19 p.m. UTC

May 22, 2023

Web3OrdinalsOrdinals protocolBitcoin nftBitcoinNFTs

Lightning Labs Taproot Assets (Donald Iain Smith / Getty Images)

Lightning Labs Releases 'Better' Version of Token Minting on Bitcoin After BRC-20s Clog System

The project formerly known as "Taro" has been rebranded "Taproot Assets" after Lightning Labs was hit with a trademark infringement lawsuit. The new offering, now on a testnet, comes with a "core set of features to bitcoinize the dollar," according to the firm.

By Frederick Munawa

May 16, 2023 at 9:50 p.m. UTC

May 16, 2023

BitcoinLightning LabstaroBrc 20Ordinals protocolElizabeth StarkTaproot

Crypto Explainer+

Bitcoin

BRC-20 Explained: How Tokens on Bitcoin Work and Why They Are Controversial

The idea of putting tokens on the Bitcoin blockchain isn’t anything new, but previous efforts haven’t exploded in popularity like BRC-20.

By Sam Reynolds

May 15, 2023 at 7:50 p.m. UTC

May 15, 2023

Intermediate

BitcoinOrdinalsOrdinals protocolLearnIntermediateBrc 20

Video

Cdtv

Bitcoin Developers Debate Over Censoring Ordinals BRC-20s

The staggering amount of BRC-20 tokens minted via the Ordinals protocol, which clogged the Bitcoin network and sent transaction fees sky-high, has sparked a debate among developers of the blockchain over how to tame the on-chain frenzy. "The Hash" panel discusses the potential implications for the future of Bitcoin's ecosystem.

By CoinDesk Staff

May 12, 2023 at 6:37 p.m. UTC

May 12, 2023

cdtvHash clipOrdinals protocolBrc 20

Technology

Opinion

Frogs, Fevers and Fees: Bitcoin’s New Governance Challenge

The creation of Bitcoin based meme coins using the new BRC 20 standard has driven up Bitcoin fees as they use more data than a basic Bitcoin transaction But while some developers in the Bitcoin community are proposing a filter to block Bitcoin NFT projects such censorship could run counter to Bitcoin's open source characteristics [...]

By Michael J. Casey

May 12, 2023 at 6:30 p.m. UTC

May 12, 2023

OpinionNewslettersMoney ReimaginedBrc 20Ordinal nftOrdinalsOrdinals protocolmeme coinNFTs

BRC-20 Debate (Кусмарцева Дарья / Getty Images)

Technology

Bitcoin

Among Bitcoin Developers, Debate Is Raging Over Whether to Censor Ordinals BRC-20s

Despite calls for censorship, many developers agree that maintaining the status quo is the right thing to do for now.

By Frederick Munawa

May 12, 2023 at 2:15 p.m. UTC

May 12, 2023

BitcoinBrc 20OrdinalsOrdinals protocolNFTsFees

Lighting with dark clouds in sky at Nebraska. (Getty Images)

Technology

Analysis

Africa Moves to Lightning, Stablecoins as Bitcoin Transaction Fees Soar

Those already using stablecoins and lightning transactions are not affected, but for many in Africa, higher bitcoin fees are a problem.

By Eliza Gkritsi

May 9, 2023 at 2:51 p.m. UTC

May 9, 2023

AnalysisAfricaLightning NetworkBitcoinOrdinalsOrdinals protocol

BRC-20 explosion (Jose A. Bernat Bacete/Getty Images)

Technology

Bitcoin

Bitcoin’s ‘BRC-20’ Explosion Sends Users Scrambling for Options, Including Lightning

The effects of the BRC-20 mints range from halting of bitcoin withdrawals on Binance to frustration with the sudden high costs of making bitcoin payments in places like Africa and South America.

By Frederick Munawa

May 8, 2023 at 11:32 p.m. UTC

May 8, 2023

BitcoinOrdinals protocolOrdinalsBrc 20Lightning NetworkBinance

Video

Blockchain

Here's Why Bitcoin Blockchain Fees Have Surged to 2-Year Highs

Fees on the Bitcoin blockchain have surged to two-year highs as the ‘Bitcoin Request for Comment’ (BRC-20) tokens and the rising popularity of the Ordinals protocol drives demand for block space. "The Hash" panel discusses what this means for the Bitcoin community.

By CoinDesk Inc

May 8, 2023 at 5:44 p.m. UTC

May 8, 2023

BlockchainBitcoincdtvHash clipOrdinals protocolBrc 20