An Australian software engineer has forked the Ordinals protocol to Litecoin, creating the world’s second-ever cryptocurrency network.
Anthony Guerrera claims it was a small monetary bounty and a coding aptitude that led to the development. A $2,000 bounty was posted by the pseudonymous Twitter user, Indigo Nakamoto, which spurred Guerrera to create a Litecoin Ordinal fork.
The fork has made it possible to have non-fungible token-like assets on the Litecoin network in the same way they were made possible on Bitcoin.
The Litecoin Ordinal fork has been made possible because Litecoin has Taproot and SegWit protocols. Inscribing an image onto the Bitcoin blockchain can cost tens of dollars depending on its size, while inscribing a litoshi can cost only two cents.
Guerrera said the LTC fork took about one week to create and changes were quite simple. The Litecoin network has a larger block size than Bitcoin, which could help reduce issues with the amount of block space Ordinals take up on the network.
