Cryptopolitan
2023-05-10 11:24:11

How do Ordinals affect BTC’s price and the crypto market? Binance case study

In merely eight days, the number of Ordinals inscriptions on the Bitcoin network nearly doubled from 2.5 million to 4.78 million. Initially, the Ordinals protocol was used to mint images as non-fungible tokens (NFTs). However, users soon realized that they could use text-based inscriptions to create fungible tokens, similar to how the ERC-20 token standard ... Read more

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