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The Ordinals Litecoin fork lasted a week and was “pretty easy,” says the creator

The Ordinals Litecoin fork lasted a week and was “pretty easy,” says the creator

#Ordinals #Litecoin #fork #lasted #week #pretty #easy #creator Welcome to InNewCL, here is the new story we have for you today:

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A small monetary bounty and some coding skills were all it took to fork the Ordinals protocol to the world’s second-largest cryptocurrency network, Litecoin (LTC), earlier this week, its creator told Cointelegraph.

On Feb. 18, an Australian software engineer named Anthony Guerrera published a repository on GitHub propagating the Bitcoin (BTC) ordinals protocol to Litecoin. This enabled non-fungible token (NFT)-like assets on the Litecoin network, similar to how they made it to Bitcoin earlier this year.

In an interview with Cointelegraph, Guerrera said he was spurred on to make a Litecoin ordinal fork because pseudonymous Twitter user Indigo Nakamoto posted a bounty of 5 LTC on Feb. 11, which rose to 22 LTC, or about 2,000 US -dollars increased for each who came first to successfully fork.

22 $LTC to port ordinals #Litecoin out of:
+ 5 $LTC @indigo_nakamoto
+ 5 $LTC @ryanwrights
+ 2 $LTC @ChiefLitecoin
+ 5 $LTC @finitemaz

— Indigo | Nakamotoist (@indigo_nakamoto) February 16, 2023

“I knew it was possible because Litecoin has both taproot and SegWit,” Guerrera said, adding:

“I was in quite a hurry to get it done as soon as possible.”

Taproot and SegWit are the names given to the updates to the Bitcoin protocol aimed at improving the privacy and efficiency of the network, but also attaching NFT-like structures called “inscriptions” to satoshis enabled.

The cost of inscribing an image onto the Bitcoin blockchain can be in the tens of dollars, depending on its size, but Guerrera said the cost of inscribing a litoshi — the LTC equivalent of a satoshi — is “about two cents.”

A point of contention among bitcoiners is the block space that ordinals take up on the network, since their data size is far larger than that of transactions. Guerrera doesn’t think this issue will be as prominent with Litecoin due to its larger block size, but it could potentially occur nonetheless.

“Pandora’s box has already been opened and someone wanted to do it, so it might as well be me.”

Guerrera said his LTC fork took about a week to create because “the changes were fairly easy.” He explained that he updated the Ordinals code to work with inputs from the Litecoin network instead of the Bitcoin network.

Different parameters between the blockchains, such as the total possible number of coins and differences in the block time creation, also had to be taken into account in the fork.

In a Feb. 19 tweet, Guerrera said he inscribed the first-ever Litecoin atomic number and put the MimbleWimble whitepaper on the blockchain with what he called “Inscription 0.”

The first #Litecoin #Ordinal was inscribed on the Litecoin blockchain.

The Mimblewimble white paper will live on forever in Litecoin Ⓜ️ #MWEB!$LTC $BTC #NFT @SatoshiLite @finitemaz @ryanwrights @MASTERBTCLTC @ChiefLitecoin @indigo_nakamoto

— Crypto Anthony (@anthonyonchain) February 19, 2023

The whitepaper’s inscription follows the May 2022 Mimblewimble Extension Blocks (MWEB) upgrade, which allows Litecoin users to opt-in to confidential transactions and other blockchain enhancements, e.g. B. to reduce excess and unnecessary transaction data.

Related: How Atomic Number Movement Benefits the Bitcoin Blockchain

“I wanted to dedicate the first inscription to that and draw attention to the fact that Litecoin now has this privacy sidechain,” Guerrera said.

“I’m a fan of technology and I like that privacy can become a thing in these public ledgers.”

As for the future of the fork protocol, Guerrera will “contribute to this fork as much as possible” and port updates from the original ordinals.

“I’ll probably want to hand this over as I don’t want it to take up too much time,” he added. “I do other things. I have other things on my plate.”

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