MicroStrategy founder Michael Saylor said that the company not only knows about Ordinals, but is also interested in using the protocol to build applications. The head of the company spoke about this in an interview with Decrypt.
In his opinion, Bitcoin-NFT technology potentially contributes to the development of innovations in the digital asset market.
Sailor noted that the hype around the Ordinals is necessary, as “Bitcoin miners should benefit in the long run.” He also added that the development of applications based on the functionality of the first cryptocurrency contributes to the general acceptance of the asset among influencers, companies and governments.
The businessman did not specify what specific options for using MicroStrategy technology are considering. However, he explained that the ability to commit data to a blockchain, which is not solely related to transactions, has many potential applications.
“Currently, companies have weak security compared to bitcoin. […] Ordinals can provide a new level of protection that didn’t exist before,” Sailor added.
However, the head of MicroStrategy admitted that the technology is being used for “a lot of stupid reasons.”
Previously, the company introduced a service for rewards based on the Bitcoin micropayment network Lightning Network.
Recall that in May, Bitcoin Core developer Luke Dash Jr. proposed to “ban” the BRC-20 and Ordinals tokens. In his opinion, such an approach would help to “weed out” technology-related transactions, which he called “garbage”.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
MicroStrategy founder Michael Saylor said that the company not only knows about Ordinals, but is also interested in using the protocol to build applications. The head of the company spoke about this in an interview with Decrypt.
In his opinion, Bitcoin-NFT technology potentially contributes to the development of innovations in the digital asset market.
Sailor noted that the hype around the Ordinals is necessary, as “Bitcoin miners should benefit in the long run.” He also added that the development of applications based on the functionality of the first cryptocurrency contributes to the general acceptance of the asset among influencers, companies and governments.
The businessman did not specify what specific options for using MicroStrategy technology are considering. However, he explained that the ability to commit data to a blockchain, which is not solely related to transactions, has many potential applications.
“Currently, companies have weak security compared to bitcoin. […] Ordinals can provide a new level of protection that didn’t exist before,” Sailor added.
However, the head of MicroStrategy admitted that the technology is being used for “a lot of stupid reasons.”
Previously, the company introduced a service for rewards based on the Bitcoin micropayment network Lightning Network.
Recall that in May, Bitcoin Core developer Luke Dash Jr. proposed to “ban” the BRC-20 and Ordinals tokens. In his opinion, such an approach would help to “weed out” technology-related transactions, which he called “garbage”.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!