Creator of Bitcoin Ordinals Bifurcates Code into Litecoin and Launches First Mimblewimble-Enabled NFT
It is reported that the developer Anthony Gurrera bifurcated the code behind Bitcoin Ordinals into Liteoin and cast a copy of the white paper on the upgrade of…
It is reported that the developer Anthony Gurrera bifurcated the code behind Bitcoin Ordinals into Liteoin and cast a copy of the white paper on the upgrade of Mimblewimble as the first NFT effective on Liteoin. The Ordinals protocol on Bitcoin was launched by the developer Casey Rodarmor on January 21, aiming to make it possible to cast NFT on the Bitcoin chain ecological main network.
Developers split the code behind Bitcoin Ordinals to Liteoin
Interpretation of the news:
Recently, Anthony Gurrera, the creator of Bitcoin Ordinals, reportedly bifurcated the code behind this protocol into Litecoin. Additionally, Gurrera cast the first NFT enabled with the Mimblewimble upgrade on the Litecoin network. The Ordinals protocol was originally launched by developer Casey Rodarmor on January 21, 2021. The primary goal of this protocol is to enable the casting of NFTs on the Bitcoin chain’s main network.
The Mimblewimble upgrade is a well-known privacy enhancement for Bitcoin transactions, allowing users to shield their transaction histories from malicious third parties. Moreover, it aims to improve the scalability and efficiency of Bitcoin transactions.
Litecoin, a peer-to-peer cryptocurrency, was created by Charlie Lee as a fork of the Bitcoin protocol in 2011. It is known for being faster and cheaper than Bitcoin, and it has gained a significant following among cryptocurrency users.
Gurrera’s decision to bifurcate Bitcoin Ordinals into Litecoin and create the first Mimblewimble-enabled NFT on this network is a noteworthy development in the cryptocurrency space. It speaks to the ongoing efforts of developers in the industry to increase the efficiency and privacy of cryptocurrency transactions.
Furthermore, the creation of NFTs on the Litecoin network could have important implications for the art and collectibles market. NFTs are unique digital assets, and the increased privacy provided by the Mimblewimble upgrade could make them even more appealing to collectors and investors.
In conclusion, Anthony Gurrera’s bifurcation of the Bitcoin Ordinals protocol into Litecoin and the creation of the first Mimblewimble-enabled NFT on this network is a fascinating development in the cryptocurrency space. The continued efforts of developers to enhance the efficiency, privacy, and functionality of these assets will likely lead to even more innovation within the industry.
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