Following a growing trend of ordinal listings on the Bitcoin blockchain, the technology was ported to the Litecoin network, and the number of Litecoin onchain listings exceeded 13,000. Software developer Anthony Guerrera made ordinal listings possible on the Litecoin network by receiving 22 Litecoin to bring technology to the Proof of Work (PoW) blockchain.
Digital collectibles are now possible on Litecoin
Supporters of the Litecoin cryptocurrency network (SLD) were delighted to learn that ordinal registrations are now possible on the network. software developer Anthony Guerrera accepted the challenge to port the technology to Litecoin after the supply went from five SLDs For 22 tokens.
Although Litecoin’s network has a number of differences, its codebase shares similarities with Bitcoin, including additions as Segregated Witness (Segwit) and Taprootthat make ordinal listings on the Litecoin network possible.
“JUSTINE: BTC Ordinals are now on Litecoin,” Guerrera tweeted on Feb. 18. The coder also shared the open source code base hosted on Github and further explained that he registered the first ordinal online string. The developer said:
The first Litecoin ordinal was listed on the Litecoin blockchain. The mimblewimble whitepaper will live in Litecoin forever.
Since the codebase was released and the first Litecoin-based ordinal listing was shared on Twitter by Guerrera, the number of LTC-based ordinals has increased considerably. At the time of writing, there are approximately 13,211 ordinals on the Litecoin blockchain. Many people share their Litecoin Ordinal listings on social media and promote their new LTC-based collections.
Meanwhile, the number of ordinal listings on the Bitcoin blockchain has exceeded 160,000, and the growing trend shows no signs of slowing down. Additionally, people are building infrastructure around Bitcoin-based ordinals, such as minting tools that can issue a full nodeless ordinal listing for a basic fee, wallets, and marketplaces.
There are also many collections competing to be the “blue-chip” non-fungible tokens (NFTs) on the Bitcoin blockchain. It’s hard to say if the trend will develop on Litecoin as it did on the Bitcoin network, but after Guerrera hit first, thousands followed. It will be interesting to see if digital collectibles minted on Bitcoin or Litecoin will enter the established NFT market economy dominated by chains such as Ethereum.
What do you think of ordinal listings based on Litecoin? Share your thoughts in the comments section below.
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