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Bitcoin NFTs on the Rise: The Impact of Ordinals on the Bitcoin Network
It all started with Taproot, the most ambitious upgrade in Bitcoin's history that went live in November 2021, the first major upgrade since the Segregated Witness (SegWit) update in 2017.The Taproot upgrade significantly improved the efficiency, scalability, and privacy of the Bitcoin network and allowed for more sophisticated smart contracts and transactions to be created. However, this upgrade didn't really take off until this year when a project called Ordinals introduced a new use case to th...
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Posted: Apr 24 2023, 06:49
Author Name: financemagnates
Views: 081973