Cardano's Hoskinson Shares His Take on Bitcoin Ordinals

into the increasingly frenzied discourse surrounding Bitcoin Ordinals, a fresh innovation in the cryptocurrency industry.

The tech entrepreneur shared his perspective during a recent YouTube Q&A session, suggesting that Bitcoin Ordinals would be better off in the Cardano ecosystem. "We have a much better ecosystem," the crypto luminary stressed. The system that supports Bitcoin Ordinals allows each satoshi to be tagged with a distinct label and additional data, a process often referred to as"inscription." This enables each tiny Bitcoin piece to be distinguished from the others and to be tracked as it moves around in the digital realm.

Bitcoin Ordinals have the ability to carry different kinds of data, such as text, images, or even coded language, right on the Bitcoin blockchain. They can be set up through a transaction and then bought, kept safe, or given away as gifts. When using Bitcoin Ordinals, the information added to the Bitcoin blockchain needs to fit within a certain size limit, but they are not just links — they are the actual information itself.

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