Over 70,000 'Cursed' Bitcoin Ordinals Rescued and Now Tradable
The Bitcoin Ordinals protocol has introduced an upgrade to rectify over 71,000 unacknowledged "cursed" inscriptions, enabling their trading, with new protocol head @raphjaph at the helm.
The Bitcoin Ordinals protocol has unveiled an upgrade to rectify over 71,000 invalid or "cursed" inscriptions, allowing for their trading. Cursed inscriptions, resulting from opcode misuse, became unacknowledged and thus unusable.
On June 4, developers, including @raphjaph, launched the 0.6.0 version of the Ordinals protocol, initiating the process of cataloguing these unrecognized inscriptions. The upgrade plan, suggested in April by Ordinals' founder, Casey Rodarmor, will turn these cursed inscriptions into valid, "blessed" ones.
This enhancement backs a selection of the cursed inscriptions types. It sets a block activation height where certain types of previously invalid inscriptions are catalogued as normal positive inscriptions.
@LeonidasNFT, an Ordinals influencer, said the newly supported inscriptions, totaling over 70,000, will join the list of tradable Ordinals post marketplaces upgrade to v0.6.0. He stated that holders of these inscriptions should anticipate a shift in the negative inscription numbers.
Bitcoin Ordinals, launched in January 2023 by Casey Rodarmor, are unique, nonfungible asset artifacts permitting data inscription onto a satoshi, Bitcoin's smallest unit. They have similarities to NFTs in terms of rarity and collectability.
Dune Analytics reports that 10.8 million Ordinals inscriptions have generated $45.5 million in transaction fees since its inception. On May 28, Rodarmor stepped down, transferring leadership to @raphjaph, who announced the protocol upgrade.
