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What started with developer Casey Rodarmor creating the Ordinals protocol to “inscribe” text and imagery on the Bitcoin (BTC) community has now made its solution to Litecoin (LTC) and Dogecoin (DOGE), sending transaction quantity on thosechains surging for the higher a part of a month.
![](https://s3.cointelegraph.com/uploads/2023-05/55388bfd-0a4e-46ec-a521-a277bcd76c24.png)
On Could 18, Dogecoin reached a brand new transaction quantity document, with 1.2 million transactions in a single 24-hour interval, according to information from BitInfoCharts. Equally, on Could 10, Litecoin reached its highest ever day by day transaction quantity with 584,000 transactions.
Ordinals first arrived on Litecoin after pseudonymous Twitter person Indigo Nakamoto provided 5 LTC — price roughly $500 on the time — to anybody who might “port” the Ordinals protocol to the Litecoin community.
5 $LTC to whoever ports this to #Litecoin #Bitcoin #Ordinals https://t.co/7X4JfMzq97
— Indigo Nakamoto (@indigo_nakamoto) February 11, 2023
Some eight days later, on Feb. 19, software program engineer Anthony Guerrera succeeded and launched the Litecoin Ordinals protocol. In an analogous method, DOGE fans copied the Ordinals protocol to create the identical performance on Dogecoin, selecting to call the brand new protocol “Doginals”.
Nonetheless, what actually drove community exercise on Litecoin and Dogecoin to new heights was the later introduction of the respective LRC-20 and DRC-20 token requirements in early Could, which allowed customers to create and difficulty fully new memecoins on the 2 networks.
The monumental inflow of exercise on LTC and DOGE got here across the similar time that the Ordinals inscription on the Bitcoin community went into overdrive, with a document 400,000 day by day inscriptions on Could 10.
![](https://s3.cointelegraph.com/uploads/2023-05/22132629-1ce2-4879-a5ed-7bafd29e46a9.png)
The uptick in Bitcoin Ordinals inscriptions might be straight attributed to the introduction of the BRC-20 token standard, which — in response to data from Ordinals scanner brc-20.io — has seen greater than 24,000 new tokens minted on the Bitcoin blockchain.
Journal: Ordinals turned Bitcoin into a worse version of Ethereum — Can we fix it?
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