BitGoa leading provider of digital asset custody solutions, has introduced a new security solution to protect Bitcoin Ordinals listings from accidental transfers, also allowing users to list their own content on the Bitcoin blockchain.
Ordinal registrations allow people to register text, images, and videos directly on the Bitcoin blockchain. However, since it is still a relatively new technology for Bitcoin, most wallets cannot yet easily receive, send, or store it, exposing potentially high-value enrollments to risk. be accidentally transferred or sent to mining fees.
BitGo’s new solution allows users to add sign-up tracking to any bitcoin hot wallet on BitGo, meaning any transaction received in the wallet will be checked for sign-ups and frozen if listed to avoid the loss of valuable inscriptions. BitGo users will also be able to send registered satoshi to an address of their choice securely, and will have a new option on wallets allowing registration to hit registration on a new transaction.
“Bitcoin Ordinals brought a whole new layer of engagement to the Bitcoin network, but at launch the surrounding ecosystem lacked key security components to ensure high-value Ordinals enrollments were safeguarded,” said Chen Fang, Director BitGo operations. “That’s why we’re very excited to announce the release of BitGo’s solution to securely store registrations and prevent them from being accidentally transferred or sent to mining fees.”
BitGo’s latest security solution for Bitcoin Ordinals listings aims to provide much-needed protection for listings that might be of high value. The new solution will allow users to confidently register their own content on the Bitcoin blockchain, while ensuring that their registrations are protected and cannot be accidentally lost or transferred.