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 informed 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 property on the Litecoin community in a lot the identical method it had made it to Bitcoin earlier within the 12 months.
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 consumer 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 $LTC @finitemaz https://t.co/7X4JfMzq97
— Indigo | Nakamotoist (@indigo_nakamoto) February 16, 2023
“I knew it was doable as a result of Litecoin has Taproot in addition to SegWit,” Guerrera stated, including:
“I used to be in a little bit of a mad rush to attempt to get it executed as quick as I might.”
Taproot and SegWit are the names given to the Bitcoin protocol updates that aimed to enhance the privateness and effectivity of the community but in addition allowed for NFT-like constructions referred to as “inscriptions” to be connected to satoshis.
The price to inscribe a picture onto the Bitcoin blockchain can price tens of {dollars} relying on its dimension however Guerrera stated the fee to inscribe a litoshi — the LTC equal to a satoshi — is “about two cents.”
A degree of competition amongst Bitcoiners is the block area that Ordinals take up on the community as a result of their information dimension is way higher than transactions. Guerrera doesn’t suppose this problem shall be as outstanding on Litecoin because of its bigger block dimension however might it nonetheless presumably eventuate.
“Pandora’s Box has already been opened and somebody was going to do it, so it might as properly be me.”
Guerrera stated his LTC fork took round one week to create as “the modifications have been fairly easy.” He defined he up to date the Ordinals code to work with inputs from the Litecoin community as a substitute of the Bitcoin community.
Parameters that differed between the blockchains reminiscent of the whole doable variety of cash and block time creation variations additionally needed to be accounted for within the fork.
In a Feb. 19 tweet, Guerrera stated he’d inscribed the primary ever Litecoin Ordinal, placing the MimbleWimble whitepaper onto the blockchain within the so-named “inscription 0.”
The first #Litecoin #Ordinal has been inscribed on the Litecoin blockchain.
The mimblewimble whitepaper will reside inside Litecoin ceaselessly Ⓜ️ #MWEB!$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 May 2022 Mimblewimble Extension Blocks (MWEB) improve that enables Litecoin customers to opt-in to confidential transactions and different blockchain enhancements reminiscent of serving to scale back extra and pointless transaction information.
Related: 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’m a fan of the know-how 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 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’m doing different issues. I’ve acquired different issues on my plate.”
