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Ordinals Litecoin fork took one week and was ‘quite simple,’ says creator

diffrint by diffrint
February 21, 2023
in Blockchain
0
Ordinals Litecoin fork took one week and was ‘quite simple,’ says creator

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A small financial bounty and an inherent ability for coding had been all it took to fork the Ordinals protocol to the world’s second-ever cryptocurrency community, Litecoin (LTC) earlier this week, its creator instructed Cointelegraph.

On Feb. 18, an Australian software program engineer by the identify of Anthony Guerrera posted a repository to GitHub that forked the Bitcoin (BTC) Ordinals protocol to Litecoin. This allowed for nonfungible token (NFT)-like belongings on the Litecoin community in a lot the identical approach it had made it to Bitcoin earlier within the yr.

In an interview with Cointelegraph, Guerrera stated he was spurred to make a Litecoin Ordinal fork because of a 5 LTC bounty posted by the pseudonymous Twitter person Indigo Nakamoto on Feb. 11 that rose to 22 LTC, or about $2,000, to anybody who was first to efficiently create a fork.

“I knew it was attainable as a result of Litecoin has taproot in addition to SegWit,” Guerrera stated, including:

“I used to be in a little bit of a mad rush to try to get it achieved as quick as I might.”

Taproot and SegWit are the names given to the Bitcoin protocol updates that aimed to enhance the privateness and effectivity of the community but in addition allowed for NFT-like buildings referred to as “inscriptions” to be hooked up to satoshis.

The fee to inscribe a picture onto the Bitcoin blockchain can cost tens of dollars relying on its measurement however Guerrera stated the price to inscribe a litoshi — the LTC equal to a satoshi — is “about two cents.”

A degree of competition amongst Bitcoiners is the block space Ordinals take up on the community because of their knowledge measurement being far higher than transactions. Guerrera doesn’t suppose this challenge will probably be as outstanding on Litecoin because of its bigger block measurement however might nonetheless presumably eventuate.

“Pandora’s Field has already been opened and somebody was going to do it so it might as properly be me.”

Guerrera stated his LTC fork took round one week to create as “the adjustments had been fairly easy.” He defined he up to date the Ordinals code to work with inputs from the Litecoin community as an alternative of the Bitcoin community.

Parameters that differed between the blockchains similar to the full attainable variety of cash and block time creation variations additionally needed to be accounted for within the fork.

In a Feb. 19 tweet, Guerrera stated he’d inscribed the primary ever Litecoin Ordinal, placing the MimbleWimble whitepaper onto the blockchain within the so-named “inscription 0.”

The inscription of the whitepaper is within the wake of the Could 2022 Mimblewimble Extension Blocks (MWEB) upgrade that enables Litecoin customers to opt-in to confidential transactions and different blockchain enhancements similar to serving to scale back extra and pointless transaction knowledge.

Associated: How the Ordinals movement will benefit the Bitcoin blockchain

“I wished to dedicate the primary inscription to that and make it conscious that Litecoin now has this privateness sidechain hooked up to it,” Guerrera stated.

“I am a fan of the expertise and I like that privateness can change into a factor on these public ledgers.”

As for the way forward for the forked protocol, Guerrera will “preserve contributing to this fork as a lot as I can” and port throughout updates from the unique Ordinals.

“I in all probability need to hand over this as I do not need it to take an excessive amount of of my time,” he added. “I am doing different issues. I’ve acquired different issues on my plate.”