The number of Bitcoin Ordinals inscriptions topped 10 million on Monday, with a new leader set to fill protocol creator Casey Rodarmor's place.
The sizzling bitcoin protocol Ordinals hit a new milestone on Monday, however, just days after its creator said he was stepping down. But Casey Rodarmor isn't going away completely.
Ordinals, launched by Rodarmor in January, allow the creation of NFT-like assets called inscriptions on bitcoin, in which unique bits of data can be assigned to "satoshis" — bitcoin's smallest divisible unit.
Just under 660,000 inscriptions were created just two months ago, but Ordinals have grown in popularity recently thanks to the protocol's ability to build an experimental token, BRC-20, on top of Bitcoin. According to data from the Dune ( ) dashboard, the total number of inscriptions created surged to more than 10 million on Monday, May 29.
Several crypto exchanges have expressed support for BRC-20 tokens. Despite the growing attention, Rodarmor tweeted over the weekend that he was stepping down as the protocol's lead maintainer, handing the project over to a developer who goes by the pseudonym Raph ( ).
"I have never been able to give [Ordinals] Due attention," Rodarmor said on Twitter, and Raph had "agreed to serve as lead maintainer."
Similar to the way Bitcoin Core developers get support through philanthropic acts, Rodarmor said Raph "was [Ordinals] The work will be funded entirely by donations".
Even though Rodarmor's title has changed, he will still be involved in the project, Raph told Decrypt in an interview, explaining that Rodarmor "just doesn't want to be [Ordinals] public image".
Bitcoin's pseudonymous creator, Satoshi Nakamoto, left after Bitcoin became popular. But Raph will still be on the phone with Rodarmor regularly in the future, he said.
Raph said he is based in Germany and is currently studying for a degree in education, and that he will be working part-time on the project. But as the main maintainer of the project, he will have greater control over maintaining the Ordinals codebase on Github, where the latest content of the agreement can be downloaded.
“Casey was a little bottleneck because I always had to wait for his approval for code reviews and stuff like that,” Raph said. “He’s still doing stuff on GitHub too, and he just wanted me to be his shield.”
Raph noted that the project's codebase has been moved from Rodarmor's personal GitHub to an account belonging to Ordinals ( ), as its own organization. He also pointed out that he is not the only one who can release new code or make modifications.
While Ordinals has attracted talent from across the digital asset industry and piqued the interest of companies like MicroStrategy, the protocol has not been fully embraced by the bitcoin community. For example, some Bitcoin hardcore have expressed concern about the high transaction fees imposed by BRC-20 tokens.
Raph said that one of his focus areas in the coming weeks is Ordinals, which will be led by the community and provide material on GitHub that can better help people understand the technical elements of Ordinals.
Raph said he's no stranger to Ordinals or Rodarmor, having worked on the project for nearly 10 months -- before the protocol went live.
"I'm very familiar with the codebase. And, more importantly, I'm very familiar with how Casey likes to do things," says Raph, "which explains why I'm the perfect fit for the role."
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Bitcoin inscription breaks through tens of millions, but the founder of the protocol retreats
The number of Bitcoin Ordinals inscriptions topped 10 million on Monday, with a new leader set to fill protocol creator Casey Rodarmor's place.
The sizzling bitcoin protocol Ordinals hit a new milestone on Monday, however, just days after its creator said he was stepping down. But Casey Rodarmor isn't going away completely.
Ordinals, launched by Rodarmor in January, allow the creation of NFT-like assets called inscriptions on bitcoin, in which unique bits of data can be assigned to "satoshis" — bitcoin's smallest divisible unit.
Just under 660,000 inscriptions were created just two months ago, but Ordinals have grown in popularity recently thanks to the protocol's ability to build an experimental token, BRC-20, on top of Bitcoin. According to data from the Dune ( ) dashboard, the total number of inscriptions created surged to more than 10 million on Monday, May 29.
Several crypto exchanges have expressed support for BRC-20 tokens. Despite the growing attention, Rodarmor tweeted over the weekend that he was stepping down as the protocol's lead maintainer, handing the project over to a developer who goes by the pseudonym Raph ( ).
"I have never been able to give [Ordinals] Due attention," Rodarmor said on Twitter, and Raph had "agreed to serve as lead maintainer."
Similar to the way Bitcoin Core developers get support through philanthropic acts, Rodarmor said Raph "was [Ordinals] The work will be funded entirely by donations".
Even though Rodarmor's title has changed, he will still be involved in the project, Raph told Decrypt in an interview, explaining that Rodarmor "just doesn't want to be [Ordinals] public image".
Bitcoin's pseudonymous creator, Satoshi Nakamoto, left after Bitcoin became popular. But Raph will still be on the phone with Rodarmor regularly in the future, he said.
Raph said he is based in Germany and is currently studying for a degree in education, and that he will be working part-time on the project. But as the main maintainer of the project, he will have greater control over maintaining the Ordinals codebase on Github, where the latest content of the agreement can be downloaded.
“Casey was a little bottleneck because I always had to wait for his approval for code reviews and stuff like that,” Raph said. “He’s still doing stuff on GitHub too, and he just wanted me to be his shield.”
Raph noted that the project's codebase has been moved from Rodarmor's personal GitHub to an account belonging to Ordinals ( ), as its own organization. He also pointed out that he is not the only one who can release new code or make modifications.
While Ordinals has attracted talent from across the digital asset industry and piqued the interest of companies like MicroStrategy, the protocol has not been fully embraced by the bitcoin community. For example, some Bitcoin hardcore have expressed concern about the high transaction fees imposed by BRC-20 tokens.
Raph said that one of his focus areas in the coming weeks is Ordinals, which will be led by the community and provide material on GitHub that can better help people understand the technical elements of Ordinals.
Raph said he's no stranger to Ordinals or Rodarmor, having worked on the project for nearly 10 months -- before the protocol went live.
"I'm very familiar with the codebase. And, more importantly, I'm very familiar with how Casey likes to do things," says Raph, "which explains why I'm the perfect fit for the role."