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NFTs Attacking Bitcoin? with Eric Wall & Casey Rodarmor

Bankless

CHAPTER

Exploring Ordinals: Bitcoin's NFT Potential

This chapter examines the emergence of the Ordinals protocol within the Bitcoin ecosystem, highlighting its economic advantages for data embedding and the challenges faced compared to Ethereum's NFT landscape. It discusses the technical intricacies of creating NFT-like functionality on Bitcoin, alongside community debates regarding the appropriateness of non-financial use cases. The conversation balances the potential benefits of integrating ordinals with Bitcoin's infrastructure against the concerns of community members regarding transaction costs and the evolutionary trajectory of the blockchain.

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