ORDINALS

Summary from the TLDR Crypto newsletter

In this post, Rod Armor, the creator of the Ordinals protocol, lays out an idea for a new fungible token protocol for Bitcoin. While he thinks most fungible tokens are either scams or memes and can be harmful to users and speculators, he concedes that there is no stopping them, much like gambling or casinos. In light of this, he proposes a simple fungible token protocol that could potentially bring significant transaction fee revenue, developer mindshare, and users to Bitcoin.