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 advised 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 means it had made it to Bitcoin earlier within the 12 months.
In an interview with Cointelegraph, Guerrera mentioned he was spurred to make a Litecoin Ordinal fork on account 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.
— Indigo | Nakamotoist (@indigo_nakamoto) February 16, 2023
“I knew it was potential as a result of Litecoin has taproot in addition to SegWit,” Guerrera mentioned, including:
“I used to be in a little bit of a mad rush to try to get it performed 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 buildings referred to as “inscriptions” to be hooked up to satoshis.
The associated fee to inscribe a picture onto the Bitcoin blockchain can cost tens of dollars relying on its dimension however Guerrera mentioned the price to inscribe a litoshi — the LTC equal to a satoshi — is “about two cents.”
Some extent of competition amongst Bitcoiners is the block space Ordinals take up on the community on account of their knowledge dimension being far better than transactions. Guerrera doesn’t assume this situation will probably be as outstanding on Litecoin on account of its bigger block dimension however may nonetheless presumably eventuate.
“Pandora’s Field has already been opened and somebody was going to do it so it could as properly be me.”
Guerrera mentioned 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 akin to the full potential variety of cash and block time creation variations additionally needed to be accounted for within the fork.
In a Feb. 19 tweet, Guerrera mentioned he’d inscribed the primary ever Litecoin Ordinal, placing the MimbleWimble whitepaper onto the blockchain within the so-named “inscription 0.”
— Crypto Anthony (@anthonyonchain) February 19, 2023
The inscription of the whitepaper is within the wake of the Could 2022 Mimblewimble Extension Blocks (MWEB) upgrade that permits Litecoin customers to opt-in to confidential transactions and different blockchain enhancements akin to serving to cut back extra and pointless transaction knowledge.
“I needed to dedicate the primary inscription to that and make it conscious that Litecoin now has this privateness sidechain hooked up to it,” Guerrera mentioned.
“I am a fan of the know-how and I like that privateness can grow to be 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 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 acquired different issues on my plate.”