{"id":21314,"date":"2023-02-22T06:50:20","date_gmt":"2023-02-22T14:50:20","guid":{"rendered":"https:\/\/coinnetworknews.com\/litecoin-network-adopts-ordinal-inscriptions-following-bitcoins-lead-technology-bitcoin-news\/"},"modified":"2023-02-22T06:50:20","modified_gmt":"2023-02-22T14:50:20","slug":"litecoin-network-adopts-ordinal-inscriptions-following-bitcoins-lead-technology-bitcoin-news","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/litecoin-network-adopts-ordinal-inscriptions-following-bitcoins-lead-technology-bitcoin-news\/","title":{"rendered":"Litecoin Network Adopts Ordinal Inscriptions, Following Bitcoin’s Lead \u2013 Technology Bitcoin News"},"content":{"rendered":"
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Following a growing trend of Ordinal inscriptions on the Bitcoin blockchain, the technology has been ported to the Litecoin network, and the number of onchain Litecoin inscriptions has surpassed 13,000. Software developer Anthony Guerrera made Ordinal inscriptions on the Litecoin network possible by receiving 22 Litecoin to port the technology to the proof-of-work (PoW) blockchain.<\/strong><\/p>\n

Digital Collectibles Are Now Possible on Litecoin<\/h2>\n

Proponents of the cryptocurrency network Litecoin (LTC<\/a>) were pleased to hear that Ordinal inscriptions are now possible on the network. Software developer Anthony Guerrera<\/a> accepted a challenge to port the technology to Litecoin after the offer grew from five LTC<\/a> to 22 tokens<\/a>.<\/p>\n

While Litecoin\u2019s network has a number of differences, its codebase shares similarities with Bitcoin, including additions<\/a> like Segregated Witness (Segwit) and Taproot<\/a>, which make Ordinal inscriptions possible on the Litecoin network.<\/p>\n

\u201cJUST IN: BTC<\/a> Ordinals are now on Litecoin,\u201d Guerrera tweeted on Feb. 18. The coder also shared the open-source codebase hosted on Github and further explained that he inscribed the first Ordinal onchain. The developer said<\/a>:<\/p>\n

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The first Litecoin Ordinal has been inscribed on the Litecoin blockchain. The mimblewimble whitepaper will live within Litecoin forever.<\/p>\n<\/blockquote>\n

Since the codebase was released and the first Litecoin-based Ordinal inscription was shared on Twitter by Guerrera, the number of LTC-based Ordinals<\/a> has grown significantly. At the time of writing, there are approximately 13,211 Ordinals on the Litecoin blockchain. Many people are sharing their Litecoin Ordinal inscriptions on social media and promoting their newly launched LTC-based collections.<\/p>\n

Meanwhile, the number of Ordinal inscriptions on the Bitcoin blockchain has surpassed 160,000<\/a>, and the growing trend shows no sign of slowing down. Furthermore, people are building infrastructure around Bitcoin-based Ordinals, such as minting tools that can issue an Ordinal inscription without a full node for a base fee, wallets, and marketplaces.<\/p>\n

There are also numerous collections<\/a> competing to be the \u2018blue-chip\u2019 non-fungible tokens (NFTs) on the Bitcoin blockchain. It\u2019s hard to say whether the trend will grow on Litecoin as it did on the Bitcoin network, but after Guerrera minted the first one, thousands have followed. It will be interesting to see if digital collectibles minted on either Bitcoin or Litecoin will enter the established NFT market economy dominated by chains such as Ethereum.<\/p>\n

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Anthony Guerrera<\/a>, Bitcoin<\/a>, Blockchain<\/a>, blue-chip<\/a>, Codebase<\/a>, Collections<\/a>, Cryptocurrency<\/a>, differences<\/a>, Digital Collectibles<\/a>, Economy<\/a>, Ethereum<\/a>, github<\/a>, infrastructure<\/a>, litecoin<\/a>, Marketplaces<\/a>, Mimblewimble<\/a>, minting tools<\/a>, NFTs<\/a>, Non-fungible tokens<\/a>, Onchain<\/a>, Open Source<\/a>, Ordinal inscriptions<\/a>, ported<\/a>, Proof of Work<\/a>, Segregated Witness<\/a>, Social Media<\/a>, Taproot<\/a>, technology<\/a>, trend<\/a>, Wallets<\/a>, Whitepaper<\/a><\/div>\n<\/div>\n

What do you think about Litecoin-based Ordinal inscriptions? Share your thoughts in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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