Ordinals and NFTs on the Bitcoin Blockchain.

in #nft2 years ago

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I think everyone has heard of this development that took place on the Bitcoin blockchain after activating Taproot, in this matter I do not want to go into much about the technical details related to it, we just want to discuss the positive and negative points of such things.

There are two main camps in this battle, the first camp is the people who believe that Bitcoin should only be a peer-to-peer payment system and that the presence of other data on the Blockchain is considered "hacking" and "spam" and an attempt to kill Bitcoin.

The other camp, who are fans of those images and strange things that can be stored on the blockchain, they see that the possibility of using bitcoin for the purposes of other currencies such as ethereum is an excellent thing for bitcoin and contributes to its growth and increases its value, of course they share this with the miners who reap the fruits of this struggle by obtaining income Bigger due to the increase in competition to confirm transfers, and whoever wants to send his money or a funny monkey picture has to compete with others and pay more.

Of course, it does not mean that we are all fanatics of one of the two ideas, but let us turn on this issue to hear each other's opinions and see what is the direction of the Arab section in particular.

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