The developers of bitcoin’s Ordinals protocol have released a new update that claims to cure more than 71,000 invalid or “cursed” registrations.allowing them to be traded.
“Cursed Inscriptions” was the name given to inscriptions that were created by the misuse or intentional misuse of opcodes to create inscriptions, causing them to become invalid and unrecognized.
On June 4, the developers, including Twitter user Raphjaph, revealed that the Ordinals protocol had been updated to version 0.6.0, which would be the first step to index previously unrecognized registrations.
Just released a new version of ord (0.6.0), which implements the first steps in recognizing more types of inscriptions (cursed inscriptions). Additionally you can now pass in RPC credentials through command-line flags, environmental vars or a config file.https://t.co/Xi6C92cC6z
—raph (@raphjaph) June 4, 2023
A new version of Ordinals (0.6.0) has just been released, which implements the first steps to recognize more types of inscriptions (cursed inscriptions). Additionally, you can now pass RPC credentials via command line flags, environment variables, or a configuration file.
Ordinals creator Casey Rodarmor proposed at the end of April fix the problem by recognizing these cursed inscriptions and making them “blessed”.
The update introduced support for a subset of the different types of cursed inscriptions. It does this by setting a block trigger height at which specific types of previously invalid entries would begin to be indexed as normal positive entries.
Ordinals influencer LeonidasNFT explained that these would be added to the list of tradable indexed Ordinals, stating:
“This is important because over 70,000 existing but invalid registrations will now be supported, which means that once marketplaces update to v0.6.0, they will be able to start trading with them.”
He added that everyone with cursed inscriptions “must wait for the negative inscription numbers to shift.”
Version 0.6.0 of the Ordinals Protocol just went live!
Here is everything you need to know about this major update:
Many previously unrecognized inscriptions are now indexed by the Ordinals Protocol as “Cursed Inscriptions”. This is important because over 70k existing but… pic.twitter.com/Mh1pArg2p9
— Leonidas.og (@LeonidasNFT) June 4, 2023
Version 0.6.0 of the Ordinals Protocol is now available. Here’s everything you need to know about this major update: Many previously unrecognized inscriptions are now indexed by the Ordinals Protocol as “Cursed Inscriptions.” This is important because there are over 70,000 in existence, but…
The bitcoin ordinals they are non-fungible asset artifacts that allow data to be written into the smallest division of a bitcoin, a satoshi.
The protocol was launched in January by Casey Rodarmor, and the following month the registration hype skyrocketed as thousands of registrations were printed on the bitcoin blockchain, causing congestion and spikes in transaction fees.
Ordinals inscriptions have been considered similar to NFTs in terms of rarity and collectability. Users are looking for a unique piece of data permanently recorded on the bitcoin blockchain, so these early sign-ups or converted satoshis could turn out to be valuable later on.
According to Dune Analytics, 10.8 million Ordinals signups have generated $45.5 million in transaction fees since the craze started earlier this year.
On May 28, Rodarmor announced that he was stepping down and handing over the reins to Raphjaph.
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