Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it? By Cointelegraph
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Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?
The launch of BRC-20 tokens and Ordinals NFTs on has transformed the No. 1 blockchain overnight into a clunkier version of .
The core developers and miners who signed off on the networks Taproot upgrade in November 2021 never envisaged this would be the result. Bitcoin now suffers from many of the same problems that have bedeviled Ethereum for years, including scammy memecoins and shitcoins, NFTs of monkey pictures hogging block space and skyrocketing transaction fees.
The network is even having to deal with incidences of miner extractable value (MEV), whereby miners profit by reordering pending transactions.
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Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?
The launch of BRC-20 tokens and Ordinals NFTs on has transformed the No. 1 blockchain overnight into a clunkier version of .
The core developers and miners who signed off on the networks Taproot upgrade in November 2021 never envisaged this would be the result. Bitcoin now suffers from many of the same problems that have bedeviled Ethereum for years, including scammy memecoins and shitcoins, NFTs of monkey pictures hogging block space and skyrocketing transaction fees.
The network is even having to deal with incidences of miner extractable value (MEV), whereby miners profit by reordering pending transactions.
Subscribe
The most engaging reads in blockchain. Delivered once a week.
Continue Reading on Coin Telegraph
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