{"id":37885,"date":"2023-06-05T07:00:00","date_gmt":"2023-06-05T04:00:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=37885"},"modified":"2025-08-29T23:03:16","modified_gmt":"2025-08-29T20:03:16","slug":"what-are-ordinals-and-brc-20-tokens","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/what-are-ordinals-and-brc-20-tokens\/","title":{"rendered":"What are Ordinals and BRC-20 tokens?"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">Key points<\/h2>\n<ul class=\"wp-block-list\">\n<li>Bitcoin\u2019s NFT segment has boomed \u2014 since Ordinals launched, about 10 million \u201cinscriptions\u201d have been minted.<\/li>\n<li>The experimental BRC-20 standard, introduced in March 2023, sparked fresh debate in the community, including calls to \u201cban\u201d digital artefacts via a \u201cspam filter\u201d.<\/li>\n<li>The surge in popularity of these new assets is spurring infrastructure development, materially affecting on-chain activity and laying the groundwork for a bitcoin-based DeFi ecosystem.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">What are Ordinals?<\/h2>\n<p><a href=\"https:\/\/twitter.com\/rodarmor\/status\/1616567899719860230?s=20\">Launched in January 2023<\/a>, the Ordinals project made it possible to embed images and other types of data in the blockchain of the first and largest cryptocurrency by market capitalisation without using a separate token or <a href=\"https:\/\/forklog.com\/en\/news\/sidechains-what-they-are-and-how-they-work\">sidechain<\/a>.<\/p>\n<p>The idea of non-fungible tokens on Bitcoin is not new \u2014 experiments began with solutions such as <a href=\"https:\/\/allquantor.at\/blockchainbib\/pdf\/rosenfeld2012overview.pdf\">Colored Coins<\/a> and <a href=\"https:\/\/counterparty.io\/\">Counterparty<\/a> in 2012 and 2014 respectively. Only much later did the concept truly gain traction.<\/p>\n<p>Ordinals <a href=\"https:\/\/forklog.com\/en\/news\/what-are-nfts\">NFT<\/a>s have a markedly different architecture from their counterparts.\u00a0<\/p>\n<p>Created by developer Casey Rodarmor, the system <a href=\"https:\/\/rodarmor.com\/blog\/ordinal-theory\/\">uses<\/a> satoshi numbering (serialisation) to write data into the witness section of a Bitcoin transaction.\u00a0<\/p>\n<p>The Ordinals phenomenon became possible thanks to <a href=\"https:\/\/forklog.com\/en\/news\/what-is-segregated-witness\">Segregated Witness (SegWit)<\/a> in August 2017 and the later <a href=\"https:\/\/forklog.com\/en\/news\/what-is-taproot\">Taproot<\/a> soft fork. The latter, among other things, made transactions cheaper and more private.<\/p>\n<p>Designed primarily to address scalability, SegWit changed block structure by separating signatures from transaction data. The upgrade also fixed transaction malleability and laid the foundation for <a href=\"https:\/\/forklog.com\/en\/news\/lightning-network-faster-cheaper-bitcoin-transactions\">Lightning Network<\/a>.<\/p>\n<p>As NovaBlock Capital partner Lior Shimron noted, SegWit increased Bitcoin\u2019s block size from 1MB to 4MB. Taproot in turn loosened data limits, theoretically allowing an entire 4MB block to be filled with Ordinals NFTs.<\/p>\n<p>Inscriptions enabled by Ordinals are presented as \u201cdigital artefacts\u201d. They contain raw data written directly to the Bitcoin blockchain: images, audio, video, text and even applications such as a simplified version of <a href=\"https:\/\/ordinals.com\/inscription\/521f8eccffa4c41a3a7728dd012ea5a4a02feed81f41159231251ecf1e5c79dai0\">Doom<\/a>.\u00a0<\/p>\n<p>The Ordinals site <a href=\"https:\/\/docs.ordinals.com\/digital-artifacts.html\">states<\/a>:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cDigital artifacts are perfect. An NFT that points to off-chain content on <a href=\"https:\/\/forklog.com\/en\/news\/ipfs-versus-http-the-future-of-a-decentralised-internet\">IPFS<\/a> or Arweave is imperfect and, therefore, not a digital artifact.\u201d<\/p>\n<\/blockquote>\n<p>On-chain data attest to Ordinals\u2019 popularity \u2014 since launch, <a href=\"https:\/\/dune.com\/dataalways\/ordinals\">~10m inscriptions<\/a> have been created (as of May 30, 2023).<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">What is the BRC-20 standard?<\/h2>\n<p><a href=\"https:\/\/domo-2.gitbook.io\/brc-20-experiment\/\">BRC-20<\/a> is an experimental standard for fungible tokens on the Bitcoin blockchain, created by a developer using the pseudonym domo in early March 2023.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">An experiment into \u00abbrc-20\u2019s\u00bb and fungibility on bitcoin with ordinals 1\/x <a href=\"https:\/\/t.co\/9khKLbEPk6\">pic.twitter.com\/9khKLbEPk6<\/a><\/p>\n<p>\u2014 domo (@domodata) <a href=\"https:\/\/twitter.com\/domodata\/status\/1633658974686855168?ref_src=twsrc%5Etfw\">March 9, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The name echoes Ethereum\u2019s ERC-20. However, BRC-20 does not use smart contracts \u2014 tokens rely on the Ordinals mechanism. They are deployed by adding JSON text files to the blockchain, which define core parameters such as supply, mint limit and so on.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBRC-20 are simpler and more limited than ERC-20 due to the intentionally limited programmability of the Bitcoin blockchain,\u201d the <a href=\"https:\/\/blog.chain.link\/brc-20-token\/\">Chainlink blog<\/a> says.<\/p>\n<\/blockquote>\n<p>The new tokens inherit the security and decentralisation of Bitcoin\u2019s network. They can be sent to other users\u2019 wallets like any other cryptoasset.\u00a0<\/p>\n<p>ORDI is the first token of the new standard. As of May 28 it <a href=\"https:\/\/www.coingecko.com\/en\/coins\/ordi\">trades just above $9<\/a>, with a market capitalisation of $191m. The asset is listed on well-known centralised exchanges such as OKX, Gate.io and Huobi.\u00a0<\/p>\n<p>The combined market value of BRC-20 tokens is approaching $500m. ORDI dominates by capitalisation and daily trading volume.\u00a0<\/p>\n<p>Roughly 25,000 tokens of the new standard have already been created.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-BRC20_cap.webp\" alt=\"1-BRC20_cap\" class=\"wp-image-208372\"\/><figcaption>Data: <a href=\"https:\/\/brc-20.io\/\">brc20.io<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">What are the use cases for BRC-20?<\/h2>\n<p>BRC-20 tokens can move freely between wallets like any other cryptoassets. Transaction fees are paid in <span data-descr=\"1 satoshi is 1\/100,000,000 of a bitcoin\" class=\"old_tooltip\">satoshis<\/span>.\u00a0<\/p>\n<p>New use cases are emerging. Soon after the standard appeared, the platform Ordinalswallet.com launched for trading BRC-20 and inscriptions.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"496\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-ordinalswallet-1024x496.png\" alt=\"2-ordinalswallet\" class=\"wp-image-208373\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/2-ordinalswallet-1024x496.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/2-ordinalswallet-300x145.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/2-ordinalswallet-768x372.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/2-ordinalswallet-1536x743.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/2-ordinalswallet.png 1589w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/ordinalswallet.com\/\">ordinalswallet.com<\/a>.<\/figcaption><\/figure>\n<p>These new assets could become a key building block of a Bitcoin-based DeFi ecosystem, whose infrastructure is already developing.\u00a0<\/p>\n<p>There are many potential applications. Tokens can be integrated into decentralised exchanges, lending protocols and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-yield-farming\">yield farming<\/a> platforms.<\/p>\n<p>A crucial milestone for Bitcoin-based DeFi would be the development of <a href=\"https:\/\/forklog.com\/en\/news\/what-are-cross-chain-bridges\">cross-chain bridges<\/a> linking <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-wrapped-token\">&#8220;wrapped&#8221; tokens<\/a> of BRC-20 to other blockchains.\u00a0<\/p>\n<p>Another obvious use case is <strong>tokenisation<\/strong>, where the BRC-20 standard could help issue equivalents of <a href=\"https:\/\/forklog.com\/en\/news\/what-is-tether-usdt\">Tether&#8217;s USDT<\/a> and other virtual representations of real-world assets.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">How to buy Ordinals and BRC-20 tokens<\/h2>\n<p>There are several main ways to acquire Ordinals inscriptions and BRC-20 tokens:<\/p>\n<ul class=\"wp-block-list\">\n<li>centralised exchanges such as Binance and OKX, among the first to add support for the new assets;<\/li>\n<li>NFT marketplaces (Magic Eden, DIBA);<\/li>\n<li>platforms in the emerging infrastructure (ordinalswallet.com).<\/li>\n<\/ul>\n<p>Buying tokens on centralised marketplaces is similar to purchasing any other assets.\u00a0<\/p>\n<p>To use ordinalswallet.com, you need to create a compatible wallet and securely save the seed phrase.\u00a0<\/p>\n<p>After clicking Connect Wallet in the top-right corner, a window appears with options for connecting wallets to Ordinals Wallet:<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-Wallets.webp\" alt=\"3-Wallets\" class=\"wp-image-208374\"\/><figcaption>Data: <a href=\"https:\/\/ordinalswallet.com\/\">ordinalswallet.com<\/a>.<\/figcaption><\/figure>\n<p>In the <em>BRC-20<\/em> tab you will find a list of available tokens of the eponymous standard and key market data: capitalisation, seven-day price change, trading volume and number of holders.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"600\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/4-brc20tokens-1024x600.png\" alt=\"4-brc20tokens\" class=\"wp-image-208375\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/4-brc20tokens-1024x600.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/4-brc20tokens-300x176.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/4-brc20tokens-768x450.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/4-brc20tokens.png 1278w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/ordinalswallet.com\/brc20\">ordinalswallet.com<\/a>.<\/figcaption><\/figure>\n<p>After selecting an asset, a page with price offers appears. To purchase tokens, click \u201cBuy now\u201d at the stated price in bitcoin.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"592\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/5-OXBT-1024x592.png\" alt=\"5-OXBT\" class=\"wp-image-208376\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/5-OXBT-1024x592.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/5-OXBT-300x174.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/5-OXBT-768x444.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/5-OXBT.png 1279w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/ordinalswallet.com\/brc20\/OXBT\">ordinalswallet.com<\/a>.<\/figcaption><\/figure>\n<p>Buying NFTs on Bitcoin is similar to purchasing BRC-20. The corresponding functionality is available on the Ordinals Wallet home page.<\/p>\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/6-NFT-1024x567.png\" alt=\"6-NFT\" class=\"wp-image-208377\" width=\"820\" height=\"454\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/6-NFT-1024x567.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/6-NFT-300x166.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/6-NFT-768x425.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/6-NFT.png 1269w\" sizes=\"auto, (max-width: 820px) 100vw, 820px\" \/><figcaption>Data: <a href=\"https:\/\/ordinalswallet.com\/\">ordinalswallet.com<\/a>.<\/figcaption><\/figure>\n<p>There are other similar services:<\/p>\n<ul class=\"wp-block-list\">\n<li>Xverse \u2014 a wallet created by Gamma.io that lets users create inscriptions without running a full Bitcoin node. Users can simply upload images and pay transaction fees;<\/li>\n<li>Hiro \u2014 this wallet has similar functionality. The platform was also created by the Gamma.io team.<\/li>\n<\/ul>\n<p>Popular inscription collections include:<\/p>\n<ul class=\"wp-block-list\">\n<li>Ordinal Punks, a nod to <a href=\"https:\/\/forklog.com\/en\/news\/what-are-cryptopunks\">CryptoPunks<\/a> on Ethereum;<\/li>\n<li>Ordinal Birds \u2014 a derivative of <a href=\"https:\/\/www.coingecko.com\/en\/nft\/moonbirds\">Moonbirds<\/a>;<\/li>\n<li><a href=\"https:\/\/ordinalswallet.com\/collection\/planetary-ordinals\">Planetary Ordinals<\/a> \u2014 a set of just 69 digital artefacts;<\/li>\n<li>TwelveFold \u2014 a collection of 300 Bitcoin NFTs by Yuga Labs;<\/li>\n<li>Bitcoin Frogs \u2014 once the segment leader.<\/li>\n<\/ul>\n<p>Data on these and other collections can be explored on <a href=\"https:\/\/www.cryptoslam.io\/\">CryptoSlam<\/a>.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">How do Ordinals and BRC-20 affect the Bitcoin blockchain?<\/h2>\n<p>The frenzy around Ordinals and BRC-20 is materially affecting various on-chain metrics for digital gold: transaction activity, fees, mempool congestion, block fullness and more.<\/p>\n<p>By mid-February the number of NFTs on Bitcoin had surpassed 100,000. A sharp rise was already visible in fees spent on inscriptions and per-block revenue, alongside wider use of Taproot signatures.<\/p>\n<p>In early May, daily fees for minting NFTs exceeded $7m.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/7-Ordinals-Fees-USD.webp\" alt=\"7-Ordinals-Fees-USD\" class=\"wp-image-208378\"\/><figcaption>Data: <a href=\"https:\/\/dune.com\/dgtl_assets\/bitcoin-ordinals-analysis\">dune.com<\/a>.<\/figcaption><\/figure>\n<p>In total since the Ordinals protocol launched in January, users have minted 10 million Bitcoin NFTs and paid 1,575 BTC in fees (~$44.15m), as of May 29.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"256\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/8-Total-Inscriptions-to-Date-1024x256.png\" alt=\"8-Total-Inscriptions-to-Date\" class=\"wp-image-208379\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/8-Total-Inscriptions-to-Date-1024x256.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/8-Total-Inscriptions-to-Date-300x75.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/8-Total-Inscriptions-to-Date-768x192.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/8-Total-Inscriptions-to-Date-1536x384.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/8-Total-Inscriptions-to-Date.png 1542w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/dune.com\/dgtl_assets\/bitcoin-ordinals-analysis\">dune.com<\/a>.<\/figcaption><\/figure>\n<p>On May 1 the number of daily transactions on Bitcoin hit <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span> at 685,711.\u00a0<\/p>\n<p>Despite higher on-chain metrics, active addresses fell to their lowest since July 2021 \u2014 764,000. Analysts at The Block <a href=\"https:\/\/www.theblock.co\/post\/230911\/bitcoin-addresses-volume-transaction-fees\">believe<\/a> that, owing to high fees, \u201cpeople are hesitant to transact\u201d \u2014 the BRC-20 and Ordinals frenzy pushed up transfer costs.<\/p>\n<p>The average fee per transaction over the year rose from roughly $2.5 to a peak of $16.08.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"297\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/9-average-transaction-fee-on-bitcoin-7dma-1024x297.png\" alt=\"9-average-transaction-fee-on-bitcoin-7dma\" class=\"wp-image-208380\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/9-average-transaction-fee-on-bitcoin-7dma-1024x297.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/9-average-transaction-fee-on-bitcoin-7dma-300x87.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/9-average-transaction-fee-on-bitcoin-7dma-768x223.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/9-average-transaction-fee-on-bitcoin-7dma-1536x446.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/9-average-transaction-fee-on-bitcoin-7dma.png 1708w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/www.theblock.co\/data\/on-chain-metrics\/bitcoin\/average-transaction-fee-on-bitcoin-7dma\">The Block<\/a>.<\/figcaption><\/figure>\n<p>Before the \u201cOrdinals mania\u201d, blocks were only 25\u201350% full. In early March they were in the 80\u201390% range, equivalent to 3.2\u20133.6MB.<\/p>\n<p>The hype around the new assets inevitably affected miner revenues and their composition \u2014 daily fee income per block exceeded the 6.25 BTC block subsidy for the fifth time in history. The previous instance was at the peak of the 2017 bull market.<\/p>\n<p>Deploying BRC-20 involves adding JSON text files to the blockchain. Given the small data footprint of these inscriptions and the sizable fees users were willing to pay, miners were able to fill blocks with a record number of transactions.<\/p>\n<p>Thanks to the 75% discount applied to SegWit data for creating BRC-20, the average transaction size fell to 405 bytes \u2014 near record lows. That contrasts with the Ordinals boom, when the metric was ~1.5 kilobytes.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/10-Mean-tx-size.webp\" alt=\"10-Mean-tx-size\" class=\"wp-image-208381\"\/><figcaption>Data: <a href=\"https:\/\/insights.glassnode.com\/the-week-onchain-week-20-2023\/?&#038;utm_source=gn_twitter&#038;utm_medium=tweet_woc&#038;utm_campaign=woc_20_2023\">Glassnode<\/a>.<\/figcaption><\/figure>\n<p>Glassnode analysts <a href=\"https:\/\/insights.glassnode.com\/ordinal-theory-and-the-rise-of-inscriptions\/\">believe<\/a> that growing activity in this new segment will lead to \u201cconsistently full blocks near capacity\u201d and the predominance of an \u201cincredibly dense data class\u201d.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">How does the crypto community view Ordinals and BRC-20?<\/h2>\n<p>Views on Ordinals and BRC-20 in the crypto community are far from uniform.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBitcoin purists\u201d are convinced that digital gold was not created to store pictures on-chain. They argue that transactions with these new assets clutter blockspace to the detriment of \u201cmore legitimate financial operations\u201d.<\/p>\n<\/blockquote>\n<p>There are also many who are confident the new capability will benefit the ecosystem \u2014 and miners in particular.<\/p>\n<p>For example, MicroStrategy founder Michael Saylor said the company not only knows about Ordinals but is interested in using the protocol to build applications. In his view, Bitcoin NFTs could foster innovation in the digital-asset market.<\/p>\n<p>Saylor noted that the frenzy around Ordinals is necessary because \u201cbitcoin miners need to benefit in the long term\u201d. He added that building applications based on the functionality of the first cryptocurrency promotes wider adoption among influential people, companies and governments.<\/p>\n<p>Analogues of Ordinals are appearing on other blockchains, including Litecoin. The first object inscribed after porting the protocol to the network of <a href=\"https:\/\/forklog.com\/en\/news\/what-is-litecoin-ltc\">digital silver<\/a> was the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-mimblewimble\">MimbleWimble<\/a> white paper.\u00a0<\/p>\n<p>On May 27, 2023, the daily number of transactions on <a href=\"https:\/\/forklog.com\/en\/news\/what-is-dogecoin-doge\">Dogecoin<\/a> (DOGE) set a record at 2.08 million, far outpacing Bitcoin and Ethereum.\u00a0<\/p>\n<p>Some experts linked the activity of the meme cryptocurrency to the rising popularity of tokens under the DRC-20 standard, which allows new digital assets to be created on the blockchain.<\/p>\n<p>Not everyone in the crypto industry is thrilled. For example, Bitcoin Core developer Luke Dashjr called assets based on Ordinals \u201cgarbage\u201d and proposed \u201cbanning\u201d BRC-20 and inscriptions via a \u201cspam filter\u201d.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cMeasures should have been taken months ago. Spam filtering has been standard for Bitcoin Core since day one,\u201d the programmer said.<\/p>\n<\/blockquote>\n<p>The developer believes the filter can be implemented immediately as a \u201cbug fix\u201d, without waiting for a major release or a soft fork.<\/p>\n<p>A similar appeal appeared in a subsequently deleted tweet by Blockstream CEO Adam Back, who called Ordinals-based assets \u201ccrap\u201d.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Adam Back used to sell T-shirts with RSA code printed on them, to fight the US government\u2019s attempts to censor free speech<\/p>\n<p>Now he\u2019s encouraging miners to censor jpegs because he thinks they\u2019re \u201ccrap\u201d <a href=\"https:\/\/t.co\/eha4Zxrwyc\">pic.twitter.com\/eha4Zxrwyc<\/a><\/p>\n<p>\u2014 Udi Wertheimer ?\u200d\u2642\ufe0f (@udiWertheimer) <a href=\"https:\/\/twitter.com\/udiWertheimer\/status\/1619780147779092482?ref_src=twsrc%5Etfw\">January 29, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In contrast to the \u201cBitcoin purists\u201d, supporters of Ordinals and BRC-20 argue that the new assets improve the fee market and increase miner revenues. Consequently, the growing popularity of such tokens makes the Bitcoin network more secure.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In these educational cards we explain what Ordinals and BRC-20 tokens are and how they affect Bitcoin\u2019s blockchain.<\/p>\n","protected":false},"author":1,"featured_media":37886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[2113],"tags":[1325,1176],"class_list":["post-37885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptorium","tag-brc-20","tag-ordinals"],"aioseo_notices":[],"amp_enabled":true,"views":"132","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/37885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=37885"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/37885\/revisions"}],"predecessor-version":[{"id":37887,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/37885\/revisions\/37887"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/37886"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=37885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=37885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=37885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}