The future of digital collectibles or a risk to Bitcoin’s network security?
Ordinal inscriptions caused a stir when they hit the news in March 2023, with some lamenting that a potential new hotbed for memecoins could result in network congestion. This has sparked fresh bitterness in the Bitcoin community. In this article, Cointelegraph Research summarizes the core principle behind Ordinals and assesses the risks they pose — as a collectible investment and for the long-term stability of the Bitcoin network.
Ordinal inscriptions caused a stir when they hit the news in March 2023, with some lamenting that a potential new hotbed for memecoins could result in network congestion. This has sparked fresh bitterness in the Bitcoin community. In this article, Cointelegraph Research summarizes the core principle behind Ordinals and assesses the risks they pose — as a collectible investment and for the long-term stability of the Bitcoin network.
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