Ordinals Good or Bad for Bitcoin? Supporters and Opposers Raise Voices – Helen Partz 5/11/23

Source: CoinTelegraph.com

Bitcoin Ordinals, a technology that enables adding text, images and code on a satoshi — the smallest unit of Bitcoin (BTC) — continues to inspire debate among the Bitcoin community.

Soon after the introduction of Bitcoin Ordinals in January 2023, the technology’s opponents began to raise concerns over its perceived flaws, citing issues like rising transaction costs and slower speeds.

Conversely, Ordinals supporters said that the tech provides more opportunities, improves decentralization and ensures freedom of speech.

As the number of Bitcoin Ordinals inscriptions doubled from 2.5 million to over 5 million in just eight days, Cointelegraph looks at the technology and the controversy surrounding it….

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