BwB
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  • BwB
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      • How to join BwB
      • What to expect from BwB
      • What you stand to gain
    • S7x: Crypto Inheritance
    • S7x: Freedom to own & use, & compliance & regulations
    • S121: Why are you online?
    • S120: Human Intelligence
    • S119: Bitcoin Reminisce
    • S118: How Broke is too Broke
  • BWB_Circles
    • Plan Ahead
    • 6th Cycle
      • S117: Banking without Identity?
      • S116: Did you buy the dip?
      • S115: Digital Right
      • S114: The State of Affairs
      • S113: Welcome to bear market
      • S112: ponzi scheme
      • S111: The battle for control
      • S110: Life of a trader
      • S109: falsification in the era of bitcoin?
      • S108: crypto and politics?
      • S107: The fraud among us?
      • S106: What's next?
    • 5th Cycle
      • S105: Portfolio Review
      • S104: KYC vs KYV
      • S103: Privacy Token
      • S102: Web3 based christmas gift
      • S101: Narratives in crypto today
      • S100: Purchasing with Bitcoin
      • S99: Government & USDT
      • S98: BTC to $100k
      • S97: Importance of written agreement
      • S96: Connected but independent
      • S95: What'z changing
      • S94: Black Money
      • S93: Living in the Virtual world
      • S92: Bitcoin goes to school
      • S91: Celebrity scam token
      • S90: Bitcoin in Church
      • S89: Web3 and Gig Economy
      • S88: Making Proper Plans
      • S87: Don't be Greedy
      • S86: Job Hackers
      • S85: 5th Cycle & Community Expectations
    • 4th Cycle
      • S84: 21ON21
      • S83: The web of protest
      • S82: Crypto-lite
      • S81: Longevity
      • S80: Crypto sizzle trust
      • S79: BullRun is Over
      • S78: Capitulation
      • S77: cNGN
      • S76: Volatility
      • S75: Why the bank is better than crypto
      • S74: Let's go a fishing
      • S73: How to use Bitcoin (Bitcoin pizza day case study)
      • S72: Crypto Losses
      • S71: matter getting serious
      • S70: Unauthorized Access
      • S69: Custodianship | The Bank
      • S68: Bitcoin Halving
      • S67: Digital Economy
      • S66: FAQs | AMA
      • S65: your Game Plan
      • S64: Global Citizenship
    • 3rd Cycle
      • S63: 21 on 21
      • S62: The Future with AI
      • S61: Fear, Greed & Fomo
      • S60: Treasure in Airdrop
      • S59: flow with the rally
      • S58: Your way out of legacy market/system
      • S57; Journey in crypto!
      • S56: Duel it - Bitcoin or Ethereum
      • S55: Tactics of investment
      • S54: Bitcoin ETF approved, then what?
      • S53: 2024 expectations
      • S52: Black Market
      • S51: The era of AI, Big Data and Robotics
      • S50; Banter the Rally
      • S49: Bitcoin is not an investment
      • S48: Taking loans
      • S47: Gambling seduction
      • S46; The technology will be used to catch you
      • S45: The Bull is here
      • S44: not a get rich quick scheme
      • S43; Card Fraud
    • 2nd Circle
      • S42: 21 on 21 B
      • S42: 21 on 21
      • S41: Hyperbitcoinization & the man that saw it live
      • S40: Bitcoin; Beast of no nation
      • S39: African arising
      • S38: The democracy of financial services
      • S37: is web3 a deception?
      • S36: The Innovation of WorldCoin
      • S35: Digital footprint & cyber Hygiene
      • S34: $1 to N1000, May or Mar
      • S33: $1 to N1000, May or Mar
      • S32: AI & Crypto; Money, Investment & Jobs
      • S31: Bitcoin ETF & What it means to you
      • S30: step-by-step process of starting to invest in crypto
      • S29: Bull Mark3t expectation
      • S28: Data Protection Bill & Floating Exchange Rate
      • S27: SEC Crackdown on Exchanges; is your money safe?
      • S26: Filling the subsidy gap with technology
      • S25: why Bitcoin, why not?
      • S24: meme token: the harder they fall!
      • S23: AMA on Breakfast with Blockchain
      • S22: Technology & Real Estate
    • 1st Circle
      • S21: 21 on 21
      • S20: will technology take your job away?
      • S19: BRICS are coming
      • S18: Making Money with Crypto or Forex
      • S17: Doing Due Diligence on the web
      • S16: Web 3
      • S15: SCAMMERS
      • S14: NFTs Cont'd
      • S13: NFT
      • S12: Naira first & what next with NFT
      • S11: Portfolio creation/review
  • Glossary
    • Indexing
      • Bitcoin Halving
      • Sharpe Ratio
      • Sortino Ratio
      • Ordinals
      • Security with Web3
      • Survey
    • As a Guest
      • Investment Saga
      • 38 ways to make money in crypto
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  1. Glossary
  2. Indexing

Ordinals

Some people believe that the bitcoin network is young and unexplored; they are crafting Bitcoin NFTs, where you can mint just about anything on the bitcoin network. it's more like you are mining alongside bitcoin transactions. Starting from the genesis block, they claim each satoshi on the block. And they believe its a scalable solution

Some other people disagree. They say bitcoin is not structured to do that. Satoshi Nakamoto said A Block couldn't be more than 4MB in size; this all adds up to how it is 10mins to mine a block. They also claim that the idea is not scalable and that the bitcoin network doesn't have a smart contract capability, so there won't be a real value behind it. People, particularly programmers, won't be able to build businesses around it, and that, in fact, is the real why Ethereum is built.

Ordinals are more like bitcoin maximalism, so it gets more intense they want to explore and play with the source code, scale it, and see how powerful it can be.

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Last updated 2 years ago