Bitcoin Ordinals will now support the migration of ERC-721-based NFTs on to Bitcoin blockchain with the launch of a new token standard called BRC-721E.
the ERC-721 NFT with an ETH call function. The burning of the NFT is an irreversible process and acts as an on-chain inscription method. To claim the ETH burn on Bitcoin, the user must inscribe valid BRC-721E data, after which the bridged NFT will appear on a custom Ordinals market collection page with complete metadata.
The indexers that check the burned NFT data inscriptions ensure that a token has no more than one valid inscription and that the genesis address matches the burn transaction call data.The Ordinals market claimed the fundamental principles of BRC-721E and the flexibility of the indexers allow for the protocol to evolve over time, despite the fact that metadata is initially not stored on-chain.
Bitcoin Ordinals has attracted widespread reaction from the crypto community since its launch in January 2023. The launch of the
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Cardano's Hoskinson Shares His Take on Bitcoin OrdinalsIn recent YouTube Q&A session, Charles Hoskinson, founder of Cardano, suggested that Bitcoin Ordinals, latest innovation in industry, would find more conducive environment in Cardano ecosystem
Baca lebih lajut »
Bitcoin Ordinals: Welcoming a New Layer of Innovation and Controversy | HackerNoonExplore the evolution of Bitcoin, from the rise of ordinals to the debate within the community. Uncover the potential of Bitcoin in our digital age. - bitcoin crypto
Baca lebih lajut »
Bitcoin Critic Peter Schiff Uses Ordinals for Art Project | CoinMarketCapCryptoNews: Crypto critic Peter Schiff, known for his disdain towards cryptocurrencies and NFTs, has surprisingly revealed plans to launch his own NFT art collection based on Bitcoin. 👀
Baca lebih lajut »
Bitcoin transaction fee revenue soared this month thanks to OrdinalsBitcoin transaction fee revenue skyrocketed in May thanks to the growth in bitcoin NFTs.
Baca lebih lajut »
Litecoin's Daily Transaction Count Remains Elevated as LTC Ordinals Approach 4 Million – Bitcoin NewsSince May 2, 2023, the Litecoin (LTC) network has been witnessing an unprecedented surge in daily transactions.
Baca lebih lajut »
UK shop price inflation strikes new record high: BRCBritish shop price inflation picked up this month to reach its highest rate since industry records began in 2005, although growth in food prices cooled slightly, a survey showed on Tuesday.
Baca lebih lajut »