Litecoin Network Adopts Ordinal Inscriptions, Following Bitcoin’s Lead – Technology
Following a growing trend of ordinal inscriptions in the Bitcoin–Blockchain became the technology on that Litecoin-Network ported and the number of onchain Litecoin enrollments has exceeded 13,000. Software developer Anthony Guerrera made ordinal enrollments possible on the Litecoin network by receiving 22 Litecoin to upgrade the technology to Proof-of-Work (PoW) blockchain.
Digital collectibles are now possible on Litecoin
Proponents of the Litecoin (LTC) cryptocurrency network were happy to hear that ordinal enrollments are now possible on the network. software developer Anthony Guerra took on a challenge to port the technology to Litecoin after supply grew five LTC To 22 tokens.
While Litecoin’s network has a number of differences, its codebase shares similarities with Bitcoin, including additions such as Segregated Witness (Segwit) and Taprootwhich allow ordinal enrollments in the Litecoin network.
“JUST IN: BTC Ordinals are now on Litecoin,” Guerrera tweeted on Feb. 18. The programmer also shared the open-source codebase hosted on Github and further stated that he enrolled the first ordinal onchain. The developer called:
The first Litecoin atomic number was inscribed on the Litecoin blockchain. The Mimblewimble white paper will live in Litecoin forever.
Since the codebase was released and the first Litecoin-based Guerrera ordinal inscription was shared on Twitter, the number of LTC-based ordinals has increased significantly. At the time of writing, there are approximately 13,211 ordinal numbers on the Litecoin blockchain. Many people are sharing their Litecoin ordinal inscriptions on social media and promoting their newly launched LTC-based collections.
Meanwhile, the number of ordinal inscriptions on the Bitcoin blockchain has surpassed 160,000, and the growing trend shows no signs of slowing down. Additionally, people are building infrastructure around bitcoin-based ordinal numbers, such as
There are also numerous collections competing to own the non-fungible “blue-chip” tokens (NFTs) to be on the Bitcoin blockchain. It’s hard to say if Litecoin’s trend will grow as it has on the Bitcoin network, but after Guerrera coined the first, thousands have followed. It will be interesting to see if digital collectibles minted on either Bitcoin or Litecoin will enter the mainstream NFT market economy dominated by chains like Ethereum.
What do you think of Litecoin-based ordinal inscriptions? Do share your thoughts in the comment section below.
photo credit: Shutterstock, Pixabay, WikiCommons
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Source: Crypto News Deutsch
