Rodarmor Steps Down as Bitcoin Ordinals Hit 10M Mark

The number of Ordinals inscriptions on the Bitcoin network has reached an impressive milestone of over 10 million, following the departure of Casey Rodarmor, the project's caretaker. Rodarmor announced his decision to step down, handing over the lead maintainer role to @Raphjaph. Ordinals, originally designed to "inscribe" data in Bitcoin transactions, gained significant traction with the introduction of the BRC-20 token standard. This enabled the creation of new tokens on the Bitcoin blockchain, resulting in a surge of over 25,000 Bitcoin-based tokens. While Ordinals have faced criticism for inefficiency, they have attracted new users to the Bitcoin community, contributing to increased transaction fees that have benefited miners with more than $44 million in earnings.