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Game-Changing Innovation or a Threat?


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On Feb. 1, 2023, the Bitcoin network made history with the mining of the largest block ever recorded. The block, which contained nearly 4 million transactions, was sent out by an indie developer using the NFT project “Taproot Wizard.”

Despite the developer and project remaining unnamed, the transaction has caused a stir in the Bitcoin community. Some call it an attack on the BTC network. Still, the developer, Udi Wertheimer, and former Bitcoin Core developer, Casey Rodarmor, argue that the transaction is an innovation based on the concept of “Ordinals”.

Running NFTs of Bitcoin

Ordinals were introduced as a solution to the issue of Bitcoin’s lack of a stable public identity. Bitcoin addresses are typically…

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