The advent of Bitcoin (BTC) Ordinals signals the “organic return of builder culture” to the network, according to Ethereum co-founder Vitalik Buterin.
Buterin made the comments in a July 7 Twitter space where he spoke at length with Bitcoin proponents Eric Wall and Udi Wertheimer about what Bitcoin developers could learn from Ethereum devs.
Buterin praised Ordinals and the BRC-20 token standard which he sees as a rejection of “stagnant” politics in the Bitcoin ecosystem.
“Ordinals are starting to bring back a culture of actually doing things. It feels like there’s real pushback to the laser-eye movement, which is good,” Buterin said.
OK WE TRY AGAIN! @VitalikButerin https://t.co/RsEag1VAKr
— Udi Wertheimer (@udiWertheimer) July 6, 2023
The nearly two-hour-long conversation centered around the issue of scalability. Wall claimed Bitcoin’s Lightning Network can’t scale for future users and it fails “frequently” when processing “even medium-sized payments.”
In response, Buterin suggested the best approach would be to focus on implementing different types of layer-2 solutions along with looking for ways to make the Bitcoin base layer more efficient.
“I think focusing on rollups is good and so is being open to ZK-snark-based scaling solutions.”
Wertheimer believed the introduction of rollups could create an interesting side effect.
“If we adopted rollups for Bitcoin, we actually get an execution environment too […] We can do smart contracts,” Wertheimer said.
Wall and Wertheimer — two key figures behind the Ordinals project Taproot Wizards — are outspoken exponents of Ordinals and routinely advocate for building increased functionality on top of the Bitcoin network.
Related: Bitcoin miners raked $184M in fees in Q2, surpassing all of 2022
Their stance has drawn criticism from more fundamentalist Bitcoiners who claim NFTs and smart contracts on Bitcoin dilute its supposed primary function as a peer-to-peer cash network.
Such critics…
Click Here to Read the Full Original Article at Cointelegraph.com News…
