1. SipPop GamesHome
  2. Metaverse Matters

NFTs on Bitcoin Chain Ecology

• Metaverse Matters • 150 views

It is reported that the developer Anthony Gurrera bifurcated the code behind Bitcoin Ordinals into Liteoin and cast a copy of the white paper on the upgrade of…

NFTs on Bitcoin Chain Ecology

It is reported that the developer Anthony Gurrera bifurcated the code behind Bitcoin Ordinals into Liteoin and cast a copy of the white paper on the upgrade of Mimblewimble as the first NFT effective on Liteoin. The Ordinals protocol on Bitcoin was launched by the developer Casey Rodarmor on January 21, aiming to make it possible to cast NFT on the Bitcoin chain ecological main network.

Developers split the code behind Bitcoin Ordinals to Liteoin

Interpret the above information:


In recent news, Anthony Gurrera, a developer, has bifurcated the code behind Bitcoin Ordinals to pave the way for an effective NFT system for Liteoin. The Ordinals protocol, which was launched by the developer Casey Rodarmor last January 21, has the aim of making it possible to cast NFTs on the Bitcoin chain ecological main network.

As many people are aware, NFTs or non-fungible tokens have been making waves in the digital world lately, with a lot of people becoming interested in buying and selling them. These tokens allow you to prove ownership of something in a unique and easily verifiable way.

Gurrera saw the potential of NFTs on the blockchain network, so he worked on bifurcating the code for Bitcoin Ordinals to put it into Liteoin. This move makes it easier for people to make use of the blockchain framework not only for cryptocurrency exchanges but also for digital asset exchanges like NFTs.

In addition, Gurrera made use of Mimblewimble, a protocol that enhances privacy in blockchain transactions, in order to make the first NFT effective on Liteoin. With this move, not only did Gurrera make NFTs more accessible, he also made sure that privacy remains uncompromised with his implementation of Mimblewimble.

This update to Liteo also makes it more competitive with other cryptocurrencies when it comes to NFTs, since it can be a more secure and private option. We anticipate that this will encourage adoption and usage of the cryptocurrency.

Furthermore, the possibility of integrating NFTs onto the Bitcoin main network will be a significant development since the network is the largest and most secure of all the blockchain networks in terms of hashing power. It could solidify the use of NFTs as legitimate digital assets, since they will be backed by the security and power of Bitcoin’s network.

In conclusion, the implementation of NFTs on the blockchain framework is a significant step in the evolution of digital assets, and Gurrera’s bifurcation of the code behind Bitcoin Ordinals into Liteoin and the use of Mimblewimble has paved the way for more secure and private NFT transactions.

This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/2021.htm

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/21/2023 08:58
Next 02/21/2023 09:12

Related recommendations