Ethereum Founder Vitalik Buterin Credits Ordinals NFTs for Reviving a "Builder Culture" on Bitcoin
Ethereum co-founder Vitalik Buterin has shared insights regarding new developments on the Bitcoin blockchain.
In a July 7 Twitter Spaces session, Buterin spoke with Bitcoin proponents Eric Wall and Udi Wertheimer, suggesting a thing or two Bitcoin could learn from Ethereum developers.
The co-founder said the advent of Bitcoin Ordinals, the Bitcoin layer for NFTs, revived the “builder culture” on the network.
Buterin hailed Ordinals and the BRC-20 token standard, which he views as a shift away from the stagnant politics in the Bitcoin ecosystem.
He said that ordinals are starting to bring back a culture of actually doing things.
The Ethereum co-founder believes the advent of Bitcoin Ordinals is a pushback to the "laser-eye" Bitcoin Maxi movement, which he thinks is good. The lengthy conversation focused on scalability issues.
Contributing to the topic, Wall claimed the Bitcoin Lightning Network is inadequate for future scalability and often fails when processing medium-sized payments.
In response to Wall’s comment, Buterin recommended the developers focus on implementing various layer-2 solutions. He also suggested the developers seek ways to make the Bitcoin base layer more efficient.
"I think focusing on rollups is good, and so being open to ZK-snark-based scaling solutions," Buterin said.
Concurring with Buterin, Wertheimer believed introducing zero-knowledge rollups could create a beneficial effect on the Bitcoin network.
Wertheimer said If we adopted rollups for Bitcoin, we get an execution environment too, and we can add smart contracts.
For context, Wall and Wertheimer are two figureheads behind the Ordinals project Taproot Wizards.
Both Bitcoin proponents have been staunch advocates of Ordinals, often pushing for
Read more on cryptonews.com
