Bitcoin’s NFT Ordinals land on Litecoin (LTC)

Bang ! The race for NFTs is on – In this NFT rally, Bitcoin finally seems to have gotten the start over the past few weeks with Ordinals. However, Litecoin does not intend to be left behind and takes the wheel. While we believed the domain under Ethereum hegemony, it is an avalanche of images of all kinds that have flowed in recent weeks on the Bitcoin (BTC) blockchain. And it now has Litecoin in its rearview mirror. Decryption.


After Bitcoin, NFT Ordinals invade the Litecoin blockchain

A tornado, a hurricane, what am I saying, a cataclysm has taken hold of the Bitcoin network in recent weeks. This thanks to the judicious combo of updates Segwit And Taproot with Ordinals technology. It is now over 150,000 pictures and more or less artistic works that are engraved forever in the marble of the Bitcoin blockchain.

Dune Analytics shows the volumes of NFT Ordinals listings on Bitcoin.
Images and text, the main data embedded in the Bitcoin blockchain – Source: Dune

And there is a network, an evil twin or a brother in arms depending on your point of view, who also intends to grab a share of this delicious cake. THE Litecoin network, one of the oldest blockchains launched in 2011 by Charlie Lee. The epic is very recent, it begins on February 10 with a post on Twitter. The latter promises 5 LTC (cryptocurrency of the Litecoin blockchain) to who will manage to migrate the Ordinals on the famous twin network.

“5 LTC to whom transfers [Ordinals] on Litecoin. »

A contest is launched to who will be the first to implement NFT Ordinals on the Litecoin blockchain.
Anonymous indigo_nakamoto launches bidding on migrating Ordinals to Litecoin – Source: Twitter

In the meantime, the premium of 5 LTC has increased to 22 LTC, which is a nice $2000 or so at today’s price. Enough to interest computer engineer Anthony Guerrera. This one has published its fork of Bitcoin Ordinals on GitHub last Sunday.

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A first symbolic NFT for Litecoin

“I was first motivated by the premium [d’indigo_nakamoto sur Twitter] and several others have brought into play anyone who knows how to implement Ordinals on Litecoin. I contacted him about a week ago to tell him about my participation in the challenge. »

Anthony Guerrera

The programmer wasted no time and included the very first NFT Ordinals on the Litecoin network. It’s about MimbleWimble whitepaper, a name that comes straight from the Harry Potter universe. A spell that ties its target’s tongue to prevent it from speaking.

The very first NFT Ordinals implemented on the Litecoin blockchain is the MimbleWimble whitepaper.
The very first NFT Ordinals implemented on the Litecoin blockchain

You may have understood it, in the case of the Litecoin network, MimbleWimble is actually an update. She allows to enhance network privacy, but also to increase the size of transactions. A godsend for those who would like to store NFT. And a rather adequate nod from Anthony Guerrera.

For Guerrera, Litecoin is the perfect blockchain for Ordinals, as it is able to accept a larger data load at a lower cost than Bitcoin. But will that be enough to steal the show from the world’s first blockchain ? Only the future will tell us.

You have the right to understand nothing about the NFT trend. On the other hand, not being interested in Bitcoin is unforgivable! Don’t wait any longer to prepare for the future. Register now on the eToro platform (commercial link).

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