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OKX will support Ordinals and BRC-20
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May 17, 2023

OKX will support Ordinals and BRC-20

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OKX will gradually introduce new features over the next two weeks that will allow customers to issue and trade Ordinals and BRC-20 tokens using a crypto exchange wallet.


Earlier, OKX announced the launch of a browser focused on the BRC-20.

“Adding support for assets like this makes sense. This will be a key element of the user experience with Web3,” OKX Chief Innovation Officer Jason Lau told The Block.

The top manager acknowledged the instability of the current hype around Ordinals and BRC-20 tokens.

“There is a lot of work to be done to make sure that [рост] will remain. One issue that we are following is that there are some differences of opinion in the bitcoin community – what will this eventually result in, ”he explained.

Lau also touched upon the topic of discussing the fork of the first cryptocurrency.

“There are rumors about a fork of the Bitcoin blockchain. Some people don’t want that kind of activity. We are monitoring this and believe that these transactions [c BRC-20 и Ordinals] legitimate. They comply with the network rules and conditions, and there is nothing wrong with them,” he explained.

In May 2023, the team associated with the OmniBOLT project announced that they were working on integrating BRC-20 tokens into the Lightning Network “for faster and more efficient transactions.”

Recently, Bitcoin Core developer Luke Dash Jr proposed to “ban” the BRC-20 and Ordinals tokens.

Recently, the number of active bitcoin addresses has dropped to 2021 levels. Analysts at The Block attributed the trend to high commissions.

Source: bitcoinlinux.com

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