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Author: William M. Peaster Source: Bankless Translation: Shan Ouba, Bitchain Vision Realm
>Recently, the positive emotions around Ordinals seem to reach the highest point of history.Similarly, the top ORDINALS collections have soared all the way -currently, according to the market value, three of the top six NFT collections exist on the Bitcoin blockchain through the form of inscriptions:RuneStones, Nodemonkes, and Bitcoin Puppets.
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Since the appearance of Ordinals in January 2023, I have been tracking and writing related articles.From the early days to the present,I have always believed that Ordinals is one of the most attractive approval methods in the Bitcoin field.It has opened up a new cultural field and greatly increases the needs of Bitcoin block space, which makes me very appreciate.
However, Ordinals is not perfect, and any non -homogeneous tokens (NFT) solutions are not perfect.Recently, with the enthusiasm of Ordinals, I saw some remarks that “because of the existence of Ordinals, Ethereum NFT is meaningless now.”
But the fact is that, compared with Ethereum NFT and smart contract chain NFT, Ordinals has obvious advantages and disadvantages at the technical level.So, what is the same technical difference between the two?Let’s make detailed comparative analysis.
first,Ordinals’s biggest advantage is cheap and permanent chain storage.As shown in the comparison chart below,Ordinals has the best “cost permanent ratio” in all NFT schemes.
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However, the ownership of Ordinals is tracked by the index under the chain -at this point, the NFT of any smart contract chain is more sound, such as Ethereum NFT, Solana NFT, etc.
It should be noted that the situation is not always the opposite -the NFT of many smart contract chains also uses the chain to store it, but not all.With the emergence of new methods of Ethereum, the chain storage has become cheaper, and there is almost no limit to the use of chain and under -chain technology on Ethereum, everything depends on your imagination; in addition, Solana’s compressed NFT technology is alsoIt is not storage in the strict sense, it is worth mentioning.
In addition, the NFT of the intelligent contract chain is also significantly better than that of Ordinals. The transaction confirmation speed is index level faster than the Bitcoin network, and the transaction costs are usually lower. In addition to very few cases such as Ethereum serious network congestion.
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Although the recursive inscription opens up a cool road to dynamicity, the inscription itself is not “state perception”, and the lack of programming ability and expressive ability to run on the chain of Ethereum NFT.
It can be said that it is this kind of expression on the chain that makes today’s NFT field so eye -catching.The permanent possibility it brings can be performed unlimited. If the powerful pillar of this medium is not used, items such as TerraForms cannot exist during novel running.The lack of this potential is a disadvantage that cannot be ignored for Ordinals.
However, on the other hand,It can be said that there are more NFT attacks on the smart contract chain, so from the overall risk, Ordinals must have certain advantages.
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Look at it deeper,Ethereum NFT dominates all other ecosystems in two aspects: tools and application scenarios.No place can provide more NFT creation tools and resources than Ethereum, and no place can provide more gameplay for the NFT in your hands. From borrowings on NFTFI to JPG games on Nifty IslandThen to the construction of galleries on platforms such as Deca or Decentraland, Voxels.
Finally, due to the use of equity proof mechanisms, any smart contract chain NFT is far better than Ordinals in terms of energy efficiency and environmental protection.It is estimated that in 2023 Ethereum, Solana, COSMOS, Avalanche, Algrand, Cardano, and Polkadot’s total emission footprint is about 4,935 tons of carbon dioxide.
Even if they are added together, this year only accounts for about 0.000014% of global emissions, and it is far lower than the carbon dioxide footprint of Bitcoin during the same period -this is just a fact.
Yes, all NFT schemes have their own advantages and disadvantages. Any analysis will prove this. I like the entire diversified chain NFT ecosystem I see.But my main point here is that Ethereum NFT and Ordinals compare it, claiming that the former is meaningless.
Ordinals does better in some aspects, smart contract NFT is better in other respects, and both have a place in the encrypted economy.Ordinals may be at the peak of attention, but in general, smart contract NFT is still more attractive in terms of technical capabilities.
So what is the end result?Both roads have a bright prospect. In the future, more creators will combine the two as Nate Alex do with his project Natives Natives.In the next few years, we can also look forward to further improvement of infrastructure, thereby comprehensively improving the user experience.
