A small financial bounty and an inherent ability for coding have 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 title of Anthony Guerrera posted a repository to GitHub that forked the Bitcoin (BTC) Ordinals protocol to Litecoin. This allowed for nonfungible token (NFT)-like property 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 as a consequence 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.
22 $LTC to port Ordinals to #Litecoin from:
+ 5 $LTC @indigo_nakamoto
+ 5 $LTC @ryanwrights
+ 5 $LTC @MASTERBTCLTC
+ 2 $LTC @ChiefLitecoin
+ 5 $LTC @finitemaz https://t.co/7X4JfMzq97— Indigo | Nakamotoist (@indigo_nakamoto) February 16, 2023
“I knew it was potential 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 attempt to get it accomplished as quick as I may.”
Taproot and SegWit are the names given to the Bitcoin protocol updates that aimed to enhance the privateness and effectivity of the community but additionally allowed for NFT-like constructions known as “inscriptions” to be connected to satoshis.
The price to inscribe a picture onto the Bitcoin blockchain can value tens of {dollars} relying on its dimension however Guerrera stated the associated fee to inscribe a litoshi — the LTC equal to a satoshi — is “about two cents.”
Some extent of competition amongst Bitcoiners is the block house that Ordinals take up on the community as a result of their knowledge dimension is way higher than transactions. Guerrera doesn’t suppose this challenge shall be as distinguished on Litecoin as a consequence of its bigger block dimension however may it nonetheless probably eventuate.
“Pandora’s Field has already been opened and somebody was going to do it, so it might as effectively be me.”
Guerrera stated his LTC fork took round one week to create as “the modifications have 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 overall potential 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 primary #Litecoin #Ordinal has been inscribed on the Litecoin blockchain.
The mimblewimble whitepaper will dwell inside Litecoin eternally Ⓜ️ #MWEB!$LTC $BTC #NFT @SatoshiLite @finitemaz @ryanwrights @MASTERBTCLTC @ChiefLitecoin @indigo_nakamoto pic.twitter.com/ICLkTMjwRW
— Crypto Anthony (@anthonyonchain) February 19, 2023
The inscription of the whitepaper is within the wake of the Could 2022 Mimblewimble Extension Blocks (MWEB) improve 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 motion will profit the Bitcoin blockchain
“I wished to dedicate the primary inscription to that and make it conscious that Litecoin now has this privateness sidechain connected to it,” Guerrera stated.
“I am a fan of the know-how and I like that privateness can turn out to be a factor on these public ledgers.”
As for the way forward for the forked protocol, Guerrera will “hold contributing to this fork as a lot as I can” and port throughout updates from the unique Ordinals.
“I most likely wish 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 bought different issues on my plate.”
