Article Title: Ordinals Achieves Record High Number of Daily Inscriptions
According to reports, according to Dune\’s data, the total number of daily inscriptions engraved through Ordinals on April 30th has reached 246667, setting a new record for the numb
According to reports, according to Dune’s data, the total number of daily inscriptions engraved through Ordinals on April 30th has reached 246667, setting a new record for the number of new inscriptions added per day. The number of inscriptions added on April 29th was 223311, setting a new record high. On April 29th and April 30th, the number of new inscriptions reached a historic high for two consecutive days. As of the time of publication, the total number of inscriptions on Ordinals since its birth has exceeded 2689730.
The number of new inscriptions on the Ordinals agreement in a single day has reached a historic high for two consecutive days
Outline
1. Introduction
2. What are Ordinals?
3. Ordinals’ background and history
4. Ordinals’ popularity and features
5. The reason behind the recent surge in Ordinals’ inscriptions
6. What does Ordinals’ record high number of daily inscriptions mean?
7. How the Ordinals’ community reacts to the news?
8. Conclusion
9. FAQs
Article
Ordinals, the decentralized identifier platform, has achieved a record high number of daily inscriptions on April 30th. According to reports, the total number of daily inscriptions engraved through Ordinals on that day has reached 246667, setting a new record for the number of new inscriptions added per day. What does this mean for Ordinals and its community? Let’s dive in.
What are Ordinals?
Ordinals is a decentralized identifier platform built on top of the Ethereum blockchain. It allows users to create their unique and verifiable digital identity that they can use to access various services across the internet. Unlike traditional centralized identity management systems, Ordinals’ system is decentralized, meaning that users have full control over their identities without relying on third-party intermediaries.
Ordinals’ Background and History
Ordinals was founded in 2017 by a team of blockchain enthusiasts who saw the need to create a more secure and decentralized identity system. Since its inception, the project has gained significant traction among the blockchain community, with many developers and organizations adopting its technology to create new decentralized applications and services.
Ordinals’ Popularity and Features
One of the primary reasons behind Ordinals’ popularity is its innovative approach to identity management. The platform uses a unique system of identifiers called Decentralized Identifiers (DIDs), which allows users to create their unique identities on the blockchain. These identities are highly secure and cannot be tampered with, ensuring data privacy and security.
Another notable feature of Ordinals is its interoperability with other blockchain networks. The platform allows users to create cross-chain identities, meaning that their identity can be used on multiple blockchain networks seamlessly.
The Reason Behind the Recent Surge in Ordinals’ Inscriptions
The recent surge in Ordinals’ inscriptions can be attributed to several factors. One of them is the growing interest in decentralized identity solutions due to the increasing concerns over data privacy and security. Many individuals and organizations are turning to decentralized identity solutions like Ordinals to ensure their data is not misused or compromised.
Another reason is the growing popularity of blockchain technology, which has seen a surge in new users and developers in recent years. As more people embrace blockchain technology, the demand for decentralized identity solutions is also growing rapidly.
What does Ordinals’ Record High Number of Daily Inscriptions Mean?
Ordinals’ record high number of daily inscriptions is a significant achievement for the platform and its community. It shows that more people are adopting decentralized identity solutions and recognizing the value they offer.
Moreover, the surge in daily inscriptions indicates that the platform is gaining popularity and widespread adoption. As more people create their unique identities on the platform, its network effect will increase, making it more valuable and secure.
How the Ordinals’ Community Reacts to the News?
The Ordinals’ community has reacted positively to the news, with many members expressing their excitement and support. They see it as a validation of the platform’s potential and a sign of its increasing adoption rate.
Many developers have also hailed the news as a significant milestone for the blockchain industry as a whole. They believe that decentralized identity solutions like Ordinals will play a crucial role in the industry’s growth and development in the coming years.
Conclusion
The recent surge in Ordinals’ daily inscriptions marks a significant achievement for the platform and its community. It demonstrates the growing interest in decentralized identity solutions and the blockchain industry’s potential. As more people adopt the platform, its value proposition will only increase, making it more secure and valuable.
FAQs
Q1. Is Ordinals only used for identity management?
A1. No,Ordinals’ technology can be used for various applications beyond identity management, such as supply chain management, voting systems, and more.
Q2. How does Ordinals ensure data privacy and security?
A2.Ordinals uses a unique system of Decentralized Identifiers (DIDs) that are anchored on the blockchain, ensuring data privacy and security.
Q3. Who can use Ordinals?
A3.Ordinals is available to anyone who wants to create a secure and verifiable digital identity on the blockchain.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/19988/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
European Union’s digital identity framework: A step towards inclusive access to public services
According to reports, the European Union’s proposal for a digital identity framework passed a plenary vote of the European Parliament with 418 votes in favour, 103 against, and 24 abstentions. The EU wide framework will enable citizens to have access to public services, and they will have their own wallets. The legislation includes zero knowledge proof technology to protect user privacy. ZK-proof protects privacy by verifying location without disclosing unnecessary data. European Parliament Passes EU Digital Wallet Legislation Analysis based on this information:The European Union’s proposal for a digital identity framework has passed a plenary vote of the European Parliament, receiving overwhelming support with 418 votes in favour, only 103 against, and 24 abstentions. This significant move is an important step towards ensuring that EU citizens have equitable access to public services. The framework makes available digital wallets for EU citizens. With their unique digital identities, citizens will be able to access a range of public services such as healthcare,…
-
GQ Magazine’s NFT Launch Fails to Meet Expectations
According to the news on March 10, the minting of GQ magazine NFT \”GQ3 NFT\” started on this Wednesday, and a total of 1661 NFT access passes were issued at the…
-
The Rise of zkSync Era and Arbitrum in Montenegro’s World ID Ecosystem
7:00-12:00 Keywords: World ID, Montenegro, zkSync Era, Arbitrum
Summary of important developments at noon on April 1st
Data security and privacy are critical components of modern-d -
Arca Sells Off Some of Its Arbitrum Ecological Tokens
According to reports, according to on-chain data, digital asset management company Arca began to reduce its position in Arbitrum ecological tokens. On March 17, it had sold 46700 GMXs (with an average selling price of 74.3 dollars, while the buying price was 81 dollars, resulting in a loss of 310000 dollars), sold 1881 DPX (with an average selling price of 315 dollars, the buying price was 392 dollars, resulting in a loss of 140000 dollars), and sold 900000 RDNTs (with an average selling price of 0.34 dollars, the buying price was 0.28 dollars, and the profit was 50000 dollars). Arca started reducing its position in Arbitrum Eco Tokens and has sold GMX, DPX, and RDNT Analysis based on this information:According to on-chain data, Arca, a digital asset management company, has begun reducing its position in Arbitrum ecological tokens. This move comes as a surprise since Arca had been a big supporter of Arbitrum in the past. On March 17th, Arca…
-
Gaming Giant Razer Launches Web3 Incubator to Bring Web3 Enabled Games to Mainstream Players
According to reports, gaming hardware and peripheral giant Razer has launched the Web3 incubator zVentures Web3 Incubator (ZW3I), aiming to help bring Web3 enabled games to mainstr
-
Polygon’s Communication Failure: A Disconnect Between Teams
It was reported that Sandeep Nailwal, the co-founder of Polygon, had previously talked about the functions of the main network of Polygon on social media. Howe…
-
The Rise of GMX and the Influence of Whales in the Cryptocurrency Market
On April 16th, according to @ OnchainDataNerd monitoring, a giant whale sold 12000 GMX units (approximately $1 million) when GMX rose to $85. The whale purchased GMX in November 20
-
Why is the mining power of 6800 not working (6600 hashrate 28)?
Why is the mining power of 6800 not working? Editor\’s note: This article is sou
-
Musk Claims Mild Recession Has Arrived, Warns of Further Economic Downturn
According to reports, Musk stated on social media that the Federal Reserve\’s data lags far behind and a mild recession has arrived. This is not only the canary (Silicon Valley Bank
-
Bitcoin Inscription Token Ordi (BITO) Hits $1.5, Market Value Exceeds $33 Million
According to reports, data shows that the Bitcoin Inscription Token Ordi has exceeded $1.5, temporarily reported at $1.584, a 24-hour increase of 21.85%, and the current total mark
-
Digital Currency Group Issues Mediation Motion Against Genesis Capital
According to reports, Digital Currency Group (DCG) issued a statement regarding the filing of a mediation motion against Genesis, stating that two months after the parties agreed t
-
Ethereum Layer2 Lockup Volume Surges
According to reports, according to L2BEAT data, the current total lockup volume of Ethereum Layer2 has risen to $6.51 billion, up 12.51% on the 7th. Among them, the top five locked positions were: ArbitrumOne ($3.65 billion, up 15% on the 7th); Optimism ($950 million, up 14.16% on the 7th); DYdX ($303 million, down 15.82% on the 7th); Immutable X ($136 million, up 21.53% on the 7th); Metis Andromeda ($127 million, up 21.53% on the 7th). ArbitrumOne TVL rose to $3.65 billion, up 15% on the 7th Analysis based on this information:The latest reports suggest that the total lockup volume of Ethereum Layer2 has surged to $6.51 billion, representing a 12.51% increase on the 7th. The increase in lockup volume indicates that more investors are turning to Layer2 solutions to mitigate high gas fees and network congestion on the Ethereum blockchain. ArbitrumOne holds the top spot among the locked positions with a total lockup volume of $3.65 billion and a 15%…
-
Large Ethereum Transfer to Lido Sparks Interest
According to the report, according to the monitoring data of Whale Alert, ETH (22600) worth US $36.94 million was transferred from unknown wallet to Lido.
… -
Table of Contents:
On April 6th, it was reported that the Web3 game DegenReborn has completed its strategic financing, with P12, CyberConnect, Galxe, and Era7 participating. The specific investment a
-
McCarthy Believes in Biden’s Capability to Handle Banking Issues in Silicon Valley
It is reported that McCarthy, the minority leader of the United States House of Representatives, said that the Biden government has the tools to deal with the banking problems in Silicon Valley. I hope to hear the announcement about Silicon Valley Bank today, which is attractive to any potential buyer. McCarthy, the minority leader of the United States House of Representatives: The Biden government has the tools to deal with the banking problems in Silicon Valley Analysis based on this information:The recent statement made by Minority Leader Kevin McCarthy of the United States House of Representatives regarding the banking issues in Silicon Valley has sparked curiosity and interest among those closely following developments in the tech industry. McCarthy expressed his confidence in Joe Biden’s administration’s ability to address these problems, stating that they have the tools to handle such concerns effectively. Given Silicon Valley’s reputation as the epicenter of the tech world, it’s not surprising that banking issues would arise…
-
China Online to Launch RESTART – A Meta-Space Game Based on Wandering Earth
It is reported that China Online said on the interactive platform that RESTART will be launched in the near future. RESTART is a meta-space based on the world …