Ordio

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Runes: The Next Big Step in Bitcoin's Evolution?

The enigmatic artist known as Mr. Black, who has captured public attention with cryptic messages displayed on trucks in Washington D.C., Boston, and New York City, is set to reveal a groundbreaking art collection. This upcoming collection comprises 21,000 Ordinal NFTs on the Bitcoin blockchain, marking a significant venture into the digital art space. Mr. Black’s mysterious visuals, featuring a skeleton with varying eye colors and crying tears alongside a blackbird, have been seen by countless passersby. The messages, featuring a daily countdown and the words “Prophetia Vera” (Latin for “True Prophecy”), have sparked widespread curiosity and speculation. These images, combined with QR codes leading to Mr. Black’s X profile, have created a buzz about an impending event or revelation. Before these trucks appeared, Mr. Black’s posters and stickers were spotted in major cities worldwide, including Jerusalem, Rome, Mexico City, Paris, and Tel Aviv. Each piece of art has contributed to building anticipation for Mr. Black’s next move. Now, it’s clear what Mr. Black has been leading up to: a massive 21,000-piece Ordinals art collection on the Bitcoin blockchain. This collection, leveraging the security and transparency of blockchain technology, represents a fusion of traditional art with the innovative world of digital assets. Each piece will be uniquely inscribed on the blockchain, making them immutable and verifiable. Throughout the buildup, Mr. Black has maintained a notable silence, only recently breaking it with cryptic photos and videos posted to his X profile. These new posts add to the mystery and hype surrounding the upcoming reveal, providing tantalizing glimpses into his thought process and artistic vision. The anticipation surrounding Mr. Black’s upcoming collection has only grown. The connection between the public displays and the upcoming digital collection adds another layer of depth to his enigmatic persona. As the countdown to the collection’s reveal continues, the art world waits eagerly. One thing is certain: Mr. Black’s venture into the digital realm is set to leave a lasting impact, further solidifying his reputation as a provocateur and innovator in the art community. More images below: The enigmatic artist known as Mr. Black, who has captured public attention with cryptic messages displayed on trucks in Washington D.C., Boston, and New York City, is set to reveal a groundbreaking art collection. This upcoming collection comprises 21,000 Ordinal NFTs on the Bitcoin blockchain, marking a significant venture into the digital art space. Mr. Black’s mysterious visuals, featuring a skeleton with varying eye colors and crying tears alongside a blackbird, have been seen by countless passersby. The messages, featuring a daily countdown and the words “Prophetia Vera” (Latin for “True Prophecy”), have sparked widespread curiosity and speculation. These images, combined with QR codes leading to Mr. Black’s X profile , have created a buzz about an impending event or revelation. daily countdown daily countdown X profile X profile Before these trucks appeared, Mr. Black’s posters and stickers were spotted in major cities worldwide, including Jerusalem, Rome, Mexico City, Paris, and Tel Aviv. Each piece of art has contributed to building anticipation for Mr. Black’s next move. Now, it’s clear what Mr. Black has been leading up to: a massive 21,000-piece Ordinals art collection on the Bitcoin blockchain. This collection, leveraging the security and transparency of blockchain technology, represents a fusion of traditional art with the innovative world of digital assets. Each piece will be uniquely inscribed on the blockchain, making them immutable and verifiable. Throughout the buildup, Mr. Black has maintained a notable silence, only recently breaking it with cryptic photos and videos posted to his X profile . These new posts add to the mystery and hype surrounding the upcoming reveal, providing tantalizing glimpses into his thought process and artistic vision. X profile X profile The anticipation surrounding Mr. Black’s upcoming collection has only grown. The connection between the public displays and the upcoming digital collection adds another layer of depth to his enigmatic persona. As the countdown to the collection’s reveal continues, the art world waits eagerly. One thing is certain: Mr. Black’s venture into the digital realm is set to leave a lasting impact, further solidifying his reputation as a provocateur and innovator in the art community. More images below: More images below:

Mr. Black to Reveal 21,000-Piece Ordinal Art Collection on Bitcoin Blockchain

মিস্টার ব্ল্যাক বিটকয়েন ব্লকচেইনে 21,000-পিস অর্ডিনাল আর্ট কালেকশন প্রকাশ করবেন

Mr. Black enthüllt 21.000-teilige Kunstsammlung auf der Bitcoin-Blockchain

Black revelará una colección de arte ordinal de 21.000 piezas en la cadena de bloques de Bitcoin

M. Black dévoilera une collection d'art ordinale de 21 000 pièces sur la blockchain Bitcoin

मिस्टर ब्लैक बिटकॉइन ब्लॉकचेन पर 21,000-टुकड़ों वाले ऑर्डिनल आर्ट कलेक्शन का अनावरण करेंगे

ブラック氏がビットコインブロックチェーン上で21,000点のオーディナルアートコレクションを公開

미스터 블랙(Mr. Black), 비트코인 블록체인에서 21,000개의 서정 예술 컬렉션 공개

Black revelará coleção de arte ordinal de 21.000 peças no Bitcoin Blockchain

Мистер Блэк представит порядковую коллекцию произведений искусства из 21 000 произведений на блокчейне биткойнов

Bay Black, Bitcoin Blockchain Üzerindeki 21.000 Parçalık Ordinal Sanat Koleksiyonunu Ortaya Çıkaracak

Ông Black tiết lộ Bộ sưu tập nghệ thuật thông thường gồm 21.000 tác phẩm trên Blockchain Bitcoin

Black 先生将在比特币区块链上展示 21,000 件 Ordinal 艺术收藏品

Bitcoin Ordinals Explained: A Comprehensive Guide

**GRAND CAYMAN, Cayman Islands, March 8th, 2024/Chainwire/--**In the wake of Uniswap’s fee model being ratified, Orion’s team has built a solution that creates better margins to serve both LPs and stakers needs. Orion has unveiled a novel solution for DeFi protocols and dApps seeking Liquidity Provider (LP) incentives following Uniswap’s halving of liquidity provider fees. 100% of Uniswap’s platform fees were previously distributed to LPs, which left governance stakers and holders with nothing, significantly lowering participation in the Uniswap DAO and impeding progress. By leveraging Orion’s liquidity network (currently being launched as “ ”), decentralized exchanges can tap into centralized exchange liquidity at ~50% lower rates than those offered by Uniswap to its LPs. Lumia Orion’s web3 liquidity solution (“Lumia”) imposes fees of only 0.15% compared to the industry standard 0.3%. For projects integrating Lumia, this offers them ample room to reward stakeholders and generate revenue while maintaining their fees at or below 0.3%. In Uniswap’s case, 100% of platform fees are currently distributed to LPs, which makes it difficult for Uniswap to earn revenue, incentivize governance voting, and reward loyal UNI stakers. For example, if Lumia captured just a fraction of Uniswap's trades, it could translate to substantial rewards. With Uniswap's lifetime volume at $2.24 trillion, even a conservative estimate of Lumia winning 25% of those trades would mean significant returns for stakeholders and protocol revenue. Had Uniswap been running on Lumia, it would have translated to over $839.62 million returned to stakeholders and protocol revenue, effectively addressing Uniswap's ongoing challenges. Importantly, integrating Lumia can enable Uniswap to partially replace its LP system. Not only does Lumia provide superior pricing made possible by tapping into the most liquid markets (CEXs), it also allows projects to create protocol revenue for themselves while maintaining their fees competitive. AMMs’ dilemma Without LPs, DeFi platforms such as Uniswap and other AMMs may potentially fail as their existing model is unsustainable. By lowering their LP fees, AMMs risk losing them – and by increasing total fees, AMMs risk losing users. DEXs have been dependent on LPs since their conception, and will, unfortunately, continue to leverage their importance at the expense of governance stakers and the community – the most valued members in all of DeFi. Lumia aims to provide the answer to this problem. About Orion Orion is redefining DeFi trading by seamlessly connecting users to the vast liquidity of both centralized and decentralized exchanges with your own wallet. Orion aim to be the people's platform, ensuring equal access to the best crypto prices while redistributing wealth back to users worldwide. Contact MarketAcross PR pr@marketacross.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here.

Orion Unveils Solution To Uniswap Fee Model Following Governance Decision

India's Crypto Conundrum: Navigating the Ban on Foreign Exchanges India's recent ban on major foreign cryptocurrency exchanges has sent ripples through the global crypto community, signaling a pivotal shift in the nation's approach to digital assets. This article delves into the intricacies of the ban, its implications, and the evolving landscape of cryptocurrency in India. A Regulatory Reckoning: The Crackdown on Crypto Exchanges The Indian government's decision to ban foreign cryptocurrency platforms, including giants like Binance and Kucoin, stemmed from concerns over money laundering and non-compliance with financial regulations. The Financial Intelligence Unit (FIU) of India compliance show cause notices to these platforms under the Prevention of Money Laundering Act (PMLA), marking a significant step in the country's effort to regulate the crypto sector. issued The Impact on Global Giants The inclusion of platforms such as Binance and Kraken in the . These exchanges, key players in the global cryptocurrency market, are now facing exclusion from the Indian market, a development with potential repercussions for their global operations. ban is particularly noteworthy Market Dynamics in Flux This regulatory move has already triggered market reactions, with on the prices of digital assets. The ban has sparked discussions about the broader implications for the global crypto ecosystem, especially considering the interconnected nature of the crypto markets. varying impacts The Government's Perspective: Balancing Regulation and Innovation The Indian government defends its decision as a necessary measure to prevent illicit activities and ensure financial stability. However, this approach has faced criticism for potentially stifling innovation and hindering the growth of the crypto sector. Critics advocate for a more balanced regulatory framework that differentiates between legitimate and illegal crypto activities. A Surge in Domestic Exchange Activity Following the ban, there has been a noticeable increase in registrations on domestic cryptocurrency exchanges. This shift indicates the adaptability of the Indian crypto market and suggests a possible strengthening of the domestic crypto ecosystem in response to the new regulatory landscape. Exploring Alternatives to the Crypto Ban In light of the recent developments in India concerning the ban on foreign cryptocurrency platforms like Binance and Kucoin, a significant conversation has emerged around the use of alternative methods to access crypto trading and exchange services. This article explores how Orion, a decentralized crypto exchange (deCEX) run by the Orion DAO, could be a viable alternative for crypto enthusiasts in India looking to trade virtual digital assets. Crypto Crisis in India: Orion DAO's Decentralized Solution Orion, a financial tech company, has been gaining attention as a potential workaround for those affected by the ban. With its decentralized exchange model, Orion offers an alternative platform for trading and accessing crypto assets. Here's how Orion could be instrumental in this situation: Unlike centralized exchanges like Binance or Kucoin, Orion operates on a decentralized model. This means it isn't reliant on a single server or location, potentially making it less susceptible to government-imposed bans. Decentralized Exchange (deCEX) Model: Orion's unique liquidity pool and node system provide a seamless trading experience. Users in India could benefit from this decentralized liquidity network, which isn't under the direct jurisdiction of any single country. Liquidity and Node System: The platform's native token, ORN, plays a crucial role in its ecosystem. With the increasing integration of Orion's liquidity network into third-party platforms, the demand and utility of ORN are expected to grow, offering a robust investment and trading option. ORN Token Utility: Orion's governance model, which empowers its community and token holders, might appeal to Indian investors looking for more control and a say in the platform's future. Governance and Community Empowerment: With initiatives like Orion Governance 2.0, the platform is continuously evolving, offering better staking rewards, investment flexibility, and loyalty rewards. Continuous Development: Legal and Regulatory Considerations While Orion presents a promising alternative, it's crucial for Indian investors to consider the legal and regulatory implications. The Indian government's stance on decentralized exchanges remains unclear, and users should stay informed about any legal changes. Looking Ahead to a New Beginning In the wake of India's ban on foreign crypto platforms, decentralized exchanges like Orion emerge as potential alternatives for the crypto community. However, investors should approach this with caution, keeping abreast of the legal landscape and regulatory updates. As the crypto world evolves, solutions like Orion could offer new avenues for trading and investment, but always within the framework of local laws and regulations. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our brand-as-author program. Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR

Navigating India's Crypto Ban: How Orion Offers a Lifeline

ভারতের ক্রিপ্টো ব্যান নেভিগেট করা: কিভাবে ওরিয়ন একটি লাইফলাইন অফার করে

Navigieren durch Indiens Krypto-Verbot: Wie Orion eine Rettungsleine bietet

Navegando por la prohibición de las criptomonedas en la India: cómo Orion ofrece un salvavidas

Naviguer dans l'interdiction de la cryptographie en Inde : comment Orion offre une bouée de sauvetage

भारत के क्रिप्टो प्रतिबंध से निपटना: कैसे ओरियन एक जीवनरेखा प्रदान करता है

インドの仮想通貨禁止を乗り切る: Orion がライフラインを提供する方法

인도의 암호화폐 금지 탐색: Orion이 생명선을 제공하는 방법

Navegando pela proibição da criptografia na Índia: como a Orion oferece uma tábua de salvação

Навигация по запрету криптовалюты в Индии: как Orion предлагает спасательный круг

Hindistan'ın Kripto Yasağını Yönetmek: Orion Nasıl Bir Yaşam Halatı Sunuyor?

Điều hướng lệnh cấm tiền điện tử của Ấn Độ: Orion cung cấp huyết mạch như thế nào

应对印度的加密货币禁令：Orion 如何提供生命线

Bitcoin Ordinals have emerged as a game-changer in the cryptocurrency landscape, marking a significant revolution in the public blockchain space. This innovative approach to creating non-fungible tokens (NFTs) directly on the Bitcoin network, pioneered by developer Casey Rodarmor in January 2023, has opened up exciting possibilities for leveraging Bitcoin's robust security and immutability for a whole new category of digital assets. While the concept of Bitcoin-based NFTs isn't entirely new, with established layer-2 networks like Counterparty, Stacks, and RSK paving the way, Ordinal NFTs introduce a fundamentally distinct architecture. Unlike their predecessors, Ordinals are not built on top of Bitcoin but rather inscribed directly onto the Bitcoin blockchain itself, utilizing the inherent properties of Bitcoin transactions to create unique and immutable NFTs. This direct inscription eliminates the need for additional layers and associated complexities, resulting in a more streamlined and secure NFT experience. While the recent emergence of Ordinals has ignited renewed interest in NFTs on Bitcoin, the concept of rNFTs dates back further, with innovative projects already showcasing their potential. Notably, Sovryn, a decentralized exchange platform built on the RSK sidechain, successfully utilized native RSK NFTs in 2021 for its genesis sale and subsequent token sales. These NFTs served a dual purpose: Investors in the token sale were granted rNFTs that functioned as exclusive passes, allowing them to participate in the sale and become early supporters of the project. These NFTs provided a unique and verifiable record of their involvement in this crucial stage of Sovryn's development. Access: The rNFTs also fostered a sense of community and belonging. Owning an rNFT served as a badge of honor, signifying participation in a groundbreaking initiative and connecting holders with other early adopters. Community Building: This example showcases the versatility of Ordinals and their potential to revolutionize how we interact with and utilize digital assets within the Bitcoin ecosystem. By leveraging the inherent strengths of the Bitcoin network, Ordinals has opened doors to exciting possibilities for developers and creators alike. Whether it's creating collectible digital art, securing intellectual property rights, or facilitating fractional ownership of real-world assets, the potential applications for Ordinals are vast and far-reaching. As the technology continues to evolve and garner adoption, we can expect to witness an explosion of innovative use cases that will further solidify Bitcoin's position as a leading platform for the future of digital assets. Since their debut, the community has eagerly embraced this innovation, ordinal NFTs and signaling a growing excitement among users, developers, and enthusiasts. But what sets ordinal NFTs apart from the rest? How do they function, and why has the Bitcoin community rallied around them? Join us on this journey as we unravel the mysteries behind ordinal NFTs, exploring their origins, mechanics, and the vibrant debate surrounding their significance in the ever-evolving landscape of blockchain and digital assets. minting over 50M+ Navigating the Ordinal Ecosystem As the Ordinal ecosystem continues to evolve, several tools and platforms have emerged to facilitate their creation, management, and trading. Here are some of the most prominent options available: Wallets: Although requiring manual inscription via command-line tools, Bitcoin Core offers the most direct and secure way to interact with Ordinals. : Bitcoin Core This user-friendly wallet provides a simple interface for minting, managing, and transferring Ordinals, catering to users of all technical levels. : Ordinals Wallet Offering comprehensive Bitcoin functionality alongside Ordinal support, Sparrow Wallet caters to users seeking a more advanced experience. : Sparrow Wallet Exchanges: This dedicated marketplace serves as a platform for buying, selling, and auctioning Ordinals, facilitating peer-to-peer interactions within the Ordinal community. : Relai.xyz Expanding its reach beyond price tracking, CoinGecko has emerged as a formidable player in the Ordinal scene. Its integrated marketplace allows users to seamlessly list, purchase, and manage their Ordinals alongside other popular crypto assets. Its strong market data and analytical tools provide valuable insights for informed trading decisions. : CoinGecko This platform offers an auction-focused approach to Ordinal trading, enabling users to participate in exciting auctions and acquire unique Ordinals. : Gamma.io This rising star in the NFT realm extends its reach to encompass the burgeoning Ordinal space. Users can seamlessly manage their Ordinals alongside other digital collectibles while tapping into a vibrant community of Ordinal enthusiasts. : Fameguild What are Ordinal Inscriptions? Bitcoin Ordinals are the equivalent of non-fungible tokens on the Bitcoin blockchain using satoshis, the smallest denomination on the chain. Ordinals is a numbering scheme that allows tracking of individual satoshis. 100 million satoshis are made of one Bitcoin. Each satoshi receives a serial number determined by the sequence of its mining. These serial numbers, known as ordinals, play a crucial role in the blockchain's ability to monitor the location and ownership of every satoshi. Ordinals also offer the possibility of adding extra content through a procedure known as inscribing. Through the Ordinal protocol, it becomes feasible to generate distinctive and limited digital assets, like non-fungible tokens (NFTs), by appending additional data, such as images or text, to a satoshi. These assets leverage the security and decentralized nature of Bitcoin's blockchain. The Ordinals software for the Bitcoin mainnet was unveiled in January 2023. The Prehistory of Bitcoin NFTs: Exploring the Roots Before Ordinals While the recent rise of Ordinals has brought Bitcoin NFTs to the forefront of the crypto scene, the history of non-fungible tokens on the Bitcoin network extends much further back. Early attempts at creating NFTs on Bitcoin predate the very term itself. One of the earliest and most significant projects in this space was , launched in 2012. This protocol allowed users to "color" individual bitcoins with metadata, essentially marking them as unique and distinct from other bitcoins. This enabled the creation of "colored coins" that represented various assets like real estate, stocks, or even collectibles. While not technically NFTs in the modern sense due to limitations in functionality and smart contracts, Colored Coins laid the groundwork for future developments in Bitcoin NFTs. Colored Coins Another notable project from this era was , which emerged in 2014. Built on top of the Bitcoin protocol, Counterparty enabled the creation of custom tokens and assets, further expanding the possibilities for non-fungible tokens on Bitcoin. While it encountered challenges related to scalability and user experience, Counterparty demonstrated the potential for Bitcoin to host a diverse range of digital assets. Counterparty These early projects, along with others like and , paved the way for the emergence of Ordinals in 2023. By leveraging advancements in the Bitcoin protocol, such as Segregated Witness (SegWit) and Taproot, Ordinals made it possible to directly inscribe data onto individual satoshis, the smallest units of Bitcoin. This innovation opened the door to a new wave of Bitcoin NFTs, with Ordinals offering a unique approach to non-fungible tokens on the most secure and decentralized blockchain network. Omni Layer Rootstock Ordinal Wallets An Ordinals Wallet is a noncustodial Bitcoin wallet designed for users to access, store, purchase, sell, and trade Bitcoin Ordinals. To engage with the Ordinals protocol, it's essential to use a Bitcoin wallet equipped with a Taproot wallet address and "coin control." The Ordinals Wallet is among the select few that provide support for these features while still facilitating regular Bitcoin transactions. It serves as a dedicated tool for managing Bitcoin Ordinals and offers a comprehensive set of functionalities for users within the Ordinals ecosystem. How Does Ordinal Work? “Ordinals” and “Inscriptions” are both used to refer to this new type of Bitcoin NFT. To grasp the inner workings of ordinal NFTs, it's crucial to distinguish between the terms. Ordinals serve as a system for arranging sats in a manner that establishes the "non-fungible" quality essential for NFT creation. On the other hand, inscriptions encompass the content of the ordinal NFT itself, encompassing elements like images, text, videos, or any other user-deemed data synonymous with an NFT. Understanding these NFTs is facilitated by drawing parallels with non-Bitcoin NFTs, characterized by their uniqueness and the presence of two main components: tokenID and metadata. TokenID distinguishes non-fungible tokens from each other, providing a unique barcode for each NFT, rendering them functionally distinct. The Ordinal theory serves a similar purpose as TokenID. Bitcoin, inherently fungible, lacks a built-in mechanism for differentiation. Ordinal NFTs introduce ordinal theory as an innovative solution, assigning a unique number to each satoshi. Essentially, each ordinal represents a satoshi with a distinct number, and the process involves numbering individual satoshis based on the order of their mining. The groundbreaking aspect of ordinal NFTs lies in this numbering system, creating a unique ID for every satoshi on the Bitcoin blockchain. The ordinal theory maintains order, preserving the sequence in which satoshis are mined through a first-in, first-out system based on transaction order. This innovation brings a new dimension to the concept of non-fungibility within the Bitcoin ecosystem. Ordinal theory, at its core, does not contradict the fungible nature of Bitcoin. The Bitcoin protocol itself does not officially endorse the unique ordering of satoshis introduced by ordinal enthusiasts. Instead, a community of ordinal enthusiasts has chosen to collectively attribute significance to this numbering system and has developed tools that acknowledge and respect it. Metadata Moving on to metadata, a concept prevalent in non-Bitcoin blockchains, it involves the optional attachment of arbitrary data to non-fungible tokens. This feature is utilized to represent a diverse array of assets such as art, in-game items, profile pictures, financial assets, and more—elements that have become synonymous with the term "NFT." Inscriptions as Metadata There isn't a designated space for metadata as seen in non-Bitcoin counterparts. Instead, the metadata for ordinal NFTs resides within the witness data of a transaction. This is where the term "inscription" originates—the data linked to a specific satoshi is "inscribed" within the particular section of a Bitcoin transaction. To create an ordinal NFT, users need to send a transaction of an individual satoshi to a Taproot-compatible wallet like , , or and attach the desired metadata as part of the transaction. Users must consider the transaction's order to ensure that the intended satoshi is not utilized as a network fee. Automated tools like and have been developed to streamline this process, mitigating risks and making it more accessible for non-technical users. This approach ensures a smoother experience in creating ordinal NFTs within the Bitcoin ecosystem. Sparrow Wallet Wasabi Wallet Specter Desktop Ordinalsbot Gamma Ordinals Bitcoin Vs. NFTs The primary distinction between Bitcoin Ordinals and traditional NFTs lies in the method of storing token-related data. Traditional NFTs on other crypto networks typically incorporate metadata or a URL pointer, directing to off-chain data. In contrast, Ordinals utilize inscriptions to store content directly on the blockchain. The aim is to enhance the decentralization and censorship resistance of Ordinals, but this approach also results in higher costs and limitations in size. Another notable difference is in how rarity and value are determined. While traditional NFTs often rely on artwork attributes or supply scarcity, Bitcoin Ordinals introduce additional factors. The pricing of Ordinals may eventually hinge on key moments in Bitcoin's history associated with specific satoshis. For instance, the first Ordinal inscribed on a new block, a new adjustment period, or a new halving epoch could be deemed rarer and more valuable. Here's a breakdown of the established rarity levels in Ordinal inscriptions: Common: Any satoshi that is not the first sat of its block. Uncommon: The first SAT of each block. Rare: The first SAT of each difficulty adjustment period. Epic: The first SAT of each halving epoch. Legendary: The first SAT of each cycle. To navigate this complex landscape of rarity, collectors have access to various tools and resources. Platforms like Ordinals Explorer ( ) and Ordinal Tools ( ) offer comprehensive information on Ordinals, including rarity scores, historical data, and transaction details. https://ordiscan.com/ https://ordinalsdirectory.com/ For those seeking to delve deeper into the world of Ordinal rarity, here are some additional resources: Ordinals Handbook ( ) https://docs.ordinals.com/ Bitcoin Ordinal Theory ( ) https://blog.bitmex.com/ordinals-data/ Rare Ordinals: A Guide to Sat Hunting ( ) https://docs.ordinals.market/ Ordinals Discord: ( ) https://discord.com/channels/987504378242007100/1071168059160674475 Lastly, the process of adding these NFTs to their respective blockchain networks varies. Bitcoin Ordinals employ Proof of Work (PoW) in the mining process, contributing to the substantial energy requirements of the Bitcoin network. In contrast, NFTs on chains using Proof of Stake (PoS) consume less energy and operate at a faster pace. This divergence in the underlying mechanisms adds another layer to the comparison between Bitcoin Ordinals and traditional NFTs. Bottom Line The Ordinals protocol has introduced an additional avenue for issuing alternative digital assets on the Bitcoin blockchain. Since its inception, it has been a topic of controversy, with at least one developer asserting that there isn't a straightforward and principled method for Bitcoin users to eliminate this functionality. While its primary use has been for issuing NFTs initially, it remains an area worth monitoring for potential new applications. The influence of Ordinals on Bitcoin's fees, in the long run, will hinge on the level of popularity these new assets attain. It introduces an intriguing dynamic that could shape the landscape of digital assets on the Bitcoin blockchain. Connect with me on . LinkedIn

What are Bitcoin Ordinals? All You Need to Know

In the dynamic world of cryptocurrency, emerges as a novel token intrinsically linked to the protocol, an inventive development within the Bitcoin ecosystem. This unique protocol, designed by software engineer , revolutionizes the way we perceive Bitcoin's capabilities. It enables the encoding of various types of data, including text and images, directly onto individual Satoshis, the smallest unit of Bitcoin. This groundbreaking technique allows for the creation of distinct digital assets resembling non-fungible tokens (NFTs) on the Bitcoin blockchain, without necessitating a separate token or a sidechain. ORDI Bitcoin Ordinals Casey Rodarmor What is ORDI? ORDI ($ORDI), as a cryptocurrency, capitalizes on the innovative approach of the . However, the creator or team behind the creation of the ORDI token specifically is not prominently documented in the public domain (Anon). It's important to note that while the Ordinals protocol opened up new possibilities within Bitcoin's framework, ORDI as a token represents a distinct development, leveraging the technical foundation provided by the Ordinals concept. Bitcoin Ordinals protocol The introduction of ORDI in the crypto market has been met with notable enthusiasm and growth. Its market capitalization swiftly exceeded $1 billion in just under a year since its inception, marking its significance and potential in the evolving landscape of digital currencies. This rapid growth reflects a burgeoning interest in new forms of digital assets that extend beyond the traditional scope of cryptocurrencies, highlighting the continuous innovation occurring within the blockchain space. Ordinal Spam? The introduction of the Ordinals protocol to the Bitcoin network has stirred significant debate within the cryptocurrency community. Critics argue that the Ordinals protocol deviates from Bitcoin's original purpose as a financial transaction network. They contend that the network is now grappling with increased congestion and higher transaction fees due to the added strain of accommodating these new types of data which only pushes the Bitcoin ‘Big Blocker’ narrative of Bitcoin upping its blocksize to incorporate these new types of protocols. Bitcoin Core developer Luke Dashjr considers the Ordinals protocol a spam "bug" in Bitcoin's system and originally advocated for its removal. He had been actively working to filter out Ordinals transactions from his personal Bitcoin node and the node used by his mining pool, . Dashjr argues that Ordinals use Segwit and Taproot upgrades in unintended ways, deviating from Bitcoin's primary function as a payment network. His stance is that these inscriptions exploit a vulnerability in Bitcoin Core software and should be fixed. He also takes issue with Samourai-style Whirlpool transactions and has implemented measures in his Bitcoin Knots software, used by OCEAN, to limit their processing. OCEAN Just a mere few days after Luke made his thoughts clear on Ordinals, Udi Wertheimer a prominent Bitcoin developer who is frequently seen going toe-to-toe in online sparring matches with ‘Bitcoin Maxis’ had : this to say In effect highlighting teh fact that Ocean Mining Pool [decided to offer](https://offering 𝗺𝘂𝗹𝘁𝗶𝗽𝗹𝗲 𝗯𝗹𝗼𝗰𝗸 𝘁𝗲𝗺𝗽𝗹𝗮𝘁𝗲 𝗽𝗼𝗹𝗶𝗰𝗶𝗲𝘀, giving miners control over what blocks they are mining.) “𝗺𝘂𝗹𝘁𝗶𝗽𝗹𝗲 𝗯𝗹𝗼𝗰𝗸 𝘁𝗲𝗺𝗽𝗹𝗮𝘁𝗲 𝗽𝗼𝗹𝗶𝗰𝗶𝗲𝘀, giving miners control over what blocks they are mining.” This announcement is seen as a backflip from Luke and Ocean, and indicates what many pro-Ordinals groups had been saying such as Twitter user a prominent $ORDI investor known to have inscribed and purchased a vast amount of ORDI, saying repeatedly during various X Spaces and YouTube interviews that “it (ORDI) ” and repeatedly expressing that ORDI is an unstoppable exponent and that it is “the hardest of hard money”. @armyofyouth can’t be stopped https://youtu.be/iqjIGRA9Jjk?si=vTjE8YBfPkJVOSiZ It appears that for now Ordinals have won the battle and are continuing to be inscribed and transacted onto the Bitcoin network adding weight to @armyofyouth’s claim that they can’t be stopped. $ORDI Price & Price Predictions 2024-2025 As of the latest available information, the price of ORDI is around $52.00 with a phenomenal market cap of $1.1 billion. ORDI is currently sitting in position #13 by price, position #63 by total market cap, and position #16 by 24-hour volume - all of which is extraordinary considering the ORDI token was first inscribed in March 2023 and since that time it has been able to absorb a vast amount of investment. Predicting the price of a cryptocurrency like ORDI for the 2024-2025 period involves considering various factors such as market trends, technological developments, regulatory changes, and the overall performance of the cryptocurrency market. Given these variables, any price prediction should be viewed with caution and not as definitive financial advice. Based on the trends observed and the growth trajectory of ORDI since its introduction, some analysts project a continued upward trend, especially considering its unique positioning within the Bitcoin Ordinals framework and its growing market cap. X/Twitter personality @armyofyouth has indicated he sees ORDI experiencing its ‘euphoric’ phase around November-December 2025 and has said publicly on X/Twitter that we could see a $1,000 range between now and then. Other traders and analysts are suggesting the next phase for ORDI will be up from the $50.00 range to over $100.00 and potentially even over $200. As always in this space - Do Your Own Research (DYOR) and THIS IS NOT FINANCIAL ADVICE. . Mr. Fireside

Bitcoin's New Frontier - ORDI

The Driving Force of Orion's Web3 Innovation with Stéphane Doueihi : Hello, Stéphane Doueihi; it's a pleasure to welcome you to our "Behind the Startup" series. We're excited to delve into your journey and the breadth of your expertise. Moreover, we would greatly appreciate it if you could shed light on the inspiration behind the ORION mission and how it envisions revolutionizing our online interactions through the utilization of technology. Ishan Pandey Web3 : Orion's mission is to revolutionize DeFi by integrating centralized and decentralized exchange liquidity, providing direct access from personal wallets. This approach lowers trading fees, democratizes access to prime crypto prices, and redistributes wealth globally. Our vision extends beyond traditional online interactions, harnessing Web3 technology to lead in DeFi trading innovation and establish Orion as a primary, community-driven crypto trading platform. Stéphane Doueihi : DAOs have gained a lot of attention recently. How is Orion utilizing DAO structures, and what are the advantages and challenges you've encountered in implementing them? Ishan Pandey : Our transition to a DAO structure signifies a major evolution in Orion's journey, emphasizing decentralized governance and community engagement. This shift towards a DAO model is pivotal, as it represents Orion’s commitment to transparency, resilience, and innovation in governance. It's a strategic move towards a more democratic and user-empowered ecosystem, aligning with the core principles of decentralization in DeFi. Stéphane Doueihi : As an early adopter in the blockchain domain, what inspired you to be an Orion DAO ambassador, and what do you envision for its role in the future of the crypto ecosystem? Ishan Pandey : My role as an Orion DAO ambassador and external representative at events and interviews is to advocate for Orion's trailblazing technology in blockchain and DeFi. I'm inspired by Orion's unique approach to liquidity aggregation, allowing decentralized access to top exchanges like Binance, KuCoin, and OKX, a feature that sets Orion apart in the blockchain world. Stéphane Doueihi My role as an Orion DAO ambassador also involves promoting Orion's unique liquidity protocol, which is a game-changer in the DeFi space. This protocol is not only powering Orion but is also available for third parties, potentially bringing all centralized exchange (CEX) liquidity into DeFi. This capability is pivotal in transforming how liquidity is accessed and utilized in the decentralized finance ecosystem. : Could you provide insights into ways you can support the ORION ecosystem, and how people are empowered being part of the eventual DAO? Ishan Pandey : In the Orion ecosystem, the veORN system offers significant APR for governance participation. Simultaneously, our 'Refer & Earn' program drives deeper user engagement with exponential rewards based on network effects, making it both sustainable and lucrative. These innovative programs empower users within the DAO, promoting a dynamic and active community central to Orion's decentralized philosophy. Stéphane Doueihi : Interoperability is a crucial aspect of blockchain. How does Orion facilitate the seamless exchange of assets across different blockchains, and what are the technical hurdles you've had to overcome to achieve this? Ishan Pandey : Orion Bridge exemplifies our commitment to seamless, ultra-fast, and secure cross-chain transfers. Its simplicity and user-friendliness, coupled with strong security measures, make it a standout in the blockchain space. This interoperability, integrated directly into Orion Terminal, offers users a hassle-free and secure trading experience across various blockchains. For more insights, I invite you to explore our detailed documentation. Stéphane Doueihi : Security is a paramount concern in the blockchain and cryptocurrency sector, especially considering the increasing sophistication of cyber threats. Can you share with us the details about the security audits and safeguards Orion has in place to protect its platform and users' assets? Additionally, how does Orion ensure ongoing security in the face of rapidly evolving digital threats? Ishan Pandey : Security is paramount at Orion. Our comprehensive approach includes rigorous audits by top firms like Halborn and continuous system monitoring. These measures, combined with our unique liquidity aggregation model, ensure a secure trading environment, protecting user assets against evolving digital threats. Stéphane Doueihi Uniquely, we are TVL-light by design, utilizing atomic swaps and other advanced technologies to ensure safer transactions, though these technologies are complex to implement. Our liquidity aggregation model further ensures a secure trading environment against evolving threats. : The crypto industry is known for its rapid innovations. How does Orion stay ahead of the curve in terms of technology and product development, and what strategies do you employ to remain competitive? Ishan Pandey : Orion has consistently stayed ahead of the curve, focusing on creating innovative products from scratch using first principles rather than merely copying or forking existing projects. Orion's achievements, including our unique decentralized access to major exchange order books, an ultra-fast cross-chain bridge, a 5-tier referral system, and much more (such as our upcoming mobile app!), underscore our commitment to staying ahead in the crypto market. Our approach to innovation, focusing on user-centric features and community feedback, positions us at the forefront of the DeFi space. Stéphane Doueihi : What are some of the most exciting use cases or trends you see emerging in the crypto and blockchain space, and how is Orion positioned to capitalize on these opportunities? Ishan Pandey Stéphane Doueihi: Account abstraction is an exciting trend, and we're exploring it to simplify our trading UI/UX. Orion's strategic positioning allows us to leverage such cutting-edge concepts, enhancing our liquidity aggregation technology and community-driven development, further establishing our leadership in the sector. Don’t forget to like and share the story! : Vested Interest Disclosure This author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR brand-as-author program

Exploring the Future of Crypto Trading and Web 3 with Orion's Stéphane Doueihi

The Noonification: Micro-DevOps With Systemd: Supercharge Any Ordinary Linux Server (9/6/2023)

Platforms like Kubernetes, Nomad, or any cloud-hosted platform-as-a-service (Paas) offer a variety of powerful capabilities. From scaling workloads to secrets management to deployment strategies, these workload orchestrators are optimized to help scale infrastructure in different ways. But do operators always need to pay the cost for maximal scalability? Sometimes, the cost of complexity and abstraction overcome their benefits. Many builders instead come to rely on radically simple deployment architectures for ease of management. Two virtual private servers behind a load balancer is a drastically simpler stack to manage in comparison to a sprawling cluster of microservers across a fleet of container hosts. This can start to pay dividends when there are fewer moving parts to debug when problems arise or upgrade when the time comes to maintain them. The foundation for many modern Linux distributions is , and it comes with a strong set of features that are often comparable to container orchestrators or PaaS systems. In this article, we’ll explore how you can leverage the latest systemd features to gain many of the abilities of those other large systems without the management headache and supercharge any ordinary server to be a very capable application platform. systemd Linux A systemd Primer On a single host, writing a systemd file is an ideal way to run a managed process. Most of the time, you don’t even need to change the application at all: systemd supports a variety of different kinds of services and can adapt accordingly. .service For example, consider this simple that defines how to run a simple web service: .service [Unit]
Description=a simple web service

[Service]
ExecStart=/usr/bin/python3 -m http.server 8080 Remember the defaults for systemd services: must be an absolute path, processes should not fork into the background, and you may need to set requisite environment variables with the option. ExecStart= Environment= When placed into a file like , this creates a service that you can control with : /etc/systemd/system/webapp.service systemctl will start the process. systemctl start webapp will display whether the service is running, its uptime, and output from and , as well as the process’s ID and other information. systemctl status webapp stderr stdout will end the service. systemctl stop webapp In addition, all output printed to and will be aggregated by journald and accessible via the system journal (with ) or targeted specifically using the flag: stderr stdout journalctl --unit journalctl --unit webapp Because journald rotates and manages its storage by default, collecting logs via the journal is a good strategy for managing log storage. The rest of this article will explore options to enhance a service like this one. Secrets Container support the ability to securely inject : values drawn from secure datastores and exposed to running workloads. Sensitive data like API keys or passwords require different treatment than environment variables or configuration files to avoid unintentional exposure. orchestrators like Kubernetes Secrets The supports loading sensitive values from files on-disk and exposing them to running services in a secure way. Like hosted platforms that manage secrets remotely, systemd will treat differently than values like environment variables to ensure that they’re kept safe. LoadCredential= systemd option Credentials To inject a secret into a systemd service, begin by placing a file containing the secret value into a path on the filesystem. For example, to expose an API key to a unit, create a file at to persist the file across reboots or at to avoid persisting the file permanently (the path can be arbitrary, but systemd will treat these paths as defaults). In either case, the file should have restricted permissions using a command like . .service /etc/credstore/api-key /run/credstore/api-key credstore chmod 400 /etc/credstore/api-key Under the section of the file, define the option and pass it two values separated by a colon ( ): the name of the credential and its path. For example, to call our file “token,” define the following systemd service option: [Service] .service LoadCredential= : /etc/credstore/api-key LoadCredential=token:/etc/credstore/api-key When systemd starts your service, the secret is exposed to the running service under a path of the form where is an environment variable populated by systemd. Your application code should read in each secret defined this way for use in libraries or code that require secure values like API tokens or passwords. For example, in Python, you can read this secret with code like the following: ${CREDENTIALS_DIRECTORY}/token ${CREDENTIALS_DIRECTORY} from os import environ
from pathlib import Path

credentials_dir = Path(environ["CREDENTIALS_DIRECTORY"])
with Path(credentials_dir / "token").open() as f:
    secret = f.read().strip() You can then use the variable with the contents of your secret for any libraries that may require an API token or password. secret Restarts Another capability of orchestrators like is the ability to automatically a workload that has crashed. Whether due to an unhandled application error or some other cause, restarting failed applications is a very useful capability that is often the first line of defense when designing an application to be resilient. Nomad restart The systemd controls whether systemd will automatically restart a running process. There are several potential values for this option, but for basic services, the setting is well-suited to satisfy most use cases. Restart= option on-failure Another setting to consider when configuring auto-restart is , which dictates how long systemd will wait before starting up the service again. Typically, this value should be customized to avoid restarting failed services in a tight loop and potentially consuming too much CPU time spent restarting processes. A short value that doesn’t wait long like is usually sufficient. the RestartSec= option too 5s Options like that accept duration periods or time-based values can parse a variety of formats like or depending on your needs. Reference for additional information. RestartSec= 5min 10s 1hour the manual for systemd.time Finally, two other options dictate how aggressively systemd will attempt to restart failed units before eventually giving up. and will control how often a unit is permitted to start within a given period of time. For example, the following settings: StartLimitIntervalSec= StartLimitBurst= StartLimitBurst=5
StartLimitIntervalSec=10 It will only permit a unit to try to start up for a maximum of 5 times over a period of 10 seconds. If the configured service attempts to start up a sixth time within a period of 10 seconds, systemd will stop attempting to restart the unit and mark it as instead. failed Combing all of these settings, you might include the following options for your unit to configure automatic restarts: .service [Unit]
StartLimitBurst=5
StartLimitIntervalSec=10

[Service]
Restart=on-failure
RestartSec=1 This configuration will restart a service if it fails - that is, it exits unexpectedly, such as with a nonzero exit code - after waiting for one second and will stop attempting to restart the service if it tries to start more than five times over the course of 10 seconds. Service Hardening One of the chief benefits of running within a container is security sandboxing. By segmenting an application process from the underlying operating system, any vulnerabilities that may be present in the service are much more difficult to escalate into full-blown compromise. Runtimes like Docker achieve this through a combination of cgroups and other security primitives. You may enable several systemd options to enforce similar restrictions that can help protect an underlying host against unpredictable workload behavior: can restrict write access to sensitive system paths like and . enumerates all the available options, but generally speaking, setting this option to is a reasonable default to protect these filesystem paths. ProtectSystem= /boot /usr The documentation for this option full can set the , , and directories to read-only with the setting or, when set to , mount them into the service’s filesystem as empty directories. Unless your application has a specific need to access these directories, setting this to can safely harden the system against illegitimate access to those directories. ProtectHome= /home /root /run/user read-only true true maintains a separate and for the configured service so that temporary files for this service and other processes remain private. Unless there is a compelling reason for processes to share information via temporary files, this is a useful option to enable. PrivateTmp= /tmp /var/tmp to harden a service by ensuring that the executed process cannot elevate its privileges. If you’re unsure about the ability to use other hardening options, this is generally one of the least problematic to enable. NoNewPrivileges= is another safe and straightforward way is a helpful resource for exploring the different options that apply to executable workloads like services. The manual page for systemd.exec Further Reading The are extensive and useful for learning about all the options available for running your own applications. Whether you’re running a persistent service like a webserver or a periodic unit to replace a cron job, the systemd documentation can offer helpful guidance. manual pages for the systemd project .timer

Micro-DevOps With Systemd: Supercharge Any Ordinary Linux Server

সিস্টেমড সহ মাইক্রো-ডেভঅপস: যেকোনো সাধারণ লিনাক্স সার্ভারকে সুপারচার্জ করুন

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