New Ordinals protocol feature could revolutionize Bitcoin NFTs

- The Ordinals Protocol, which enables inscriptions to be placed on individual satoshi units of Bitcoin – effectively creating non-fungible tokens on the Bitcoin blockchain – has just introduced a new method to overcome Bitcoin's 4 MB per block size limit.

Leonidas gave the example of inscribing 10,000 JPEG files for a picture of proof collection, which would be very expensive to do individually. “They inscribed the p5.js and Three.js npm packages fully on-chain and then used recursion to make calls to those packages from the inscriptions in their upcoming Dimensions drop which allowed them to create beautiful 3D art in under 1 KB,” he said. “Now that these packages are inscribed to Bitcoin they are a public good for everyone to use to make cool generative art inexpensively. And the best part is that anyone can do this.

“Bitcoin is essentially getting an internal internet where every file can request data from the other files on Bitcoin. It's unclear yet exactly how people will use this but it is undoubtedly an important moment in the history of Bitcoin,” Leonidas concluded.

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