What Are Bitcoin Ordinals?

The original purpose of Bitcoin was for it to be a means of exchange, that is, used as money. However, as digital money, it seems like the king coin has fallen short of this very purpose because since the value has risen exponentially, it has become difficult for it to be used for smaller transactions. While Ethereum, on the other hand, developed smart contract platforms that allow various contributors and innovators to not only contribute to the platform but also create other massive projects that run on the Ethereum network. This makes the Ethereum network robust.

In an attempt to follow the path of Ethereum, developers created the Bitcoin Ordinals. The Bitcoin Ordinals are new ways of building projects on top of the Bitcoin blockchain platform. However, for now, the use for this is first applied to NFTs on the platform. Apart from the NFTs, the ordinals still have a lot of possibilities.

This idea is very new, and expectations are high about its potential. Those who believe that Bitcoin should only be used as money are in disagreement with those who believe that there should be more to Bitcoin than just being used as money. This new idea has created excitement and interest which is believed to be the motivation behind the recent price rally in the Bitcoin market
According to experts, Bitcoin ordinals will not only spearhead the next wave of growth, but they also have the potential to lift the entire crypto industry to the next level.

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