It's been an exciting couple of weeks of dev
@ordinalswallet
!
Our team has been hard at work designing and developing the interface for Bitcoin's newest innovation, Ordinals
Lets discuss what we've accomplished, and the challenges that lie ahead ๐งต
Running a full node and the ord indexer, both of which could take days to sync up was not going to work for the average joe who just wanted to try ordinals to see what it's all about
There had to be something easier. So we decided to build
@ordinalswallet
First, we launched an explorer to easily browse inscriptions. Before we knew it, collections starting popping up and we began aggregating collections as fast as we could
Shoutout to
@ordrocks
for creating the first collection on Ordinals!
OTC markets began to develop in discord groups, but they required high trust. There weren't any user friendly wallets with native support of Ordinals.
We moved fast and released an early version of the wallet where you could receive Ordinals
Introducing Ordinals Wallet ๐คฏ๐
Receive, store, and view Ordinals right now on
Wallet History โ
Transfer ๐
Send ๐
Inscribe ๐
Buy & Sell ๐
GET ON THE SITE ๐๏ธ๐จ ๐
We used our past experience to build a killer web wallet:
- familiar onboarding ux, 12 word seed
- non custodial (your keys, your coins, your ordinals)
- strong security principals, encrypting your seed at rest using PBKDF2, AES128
- top notch ux from designer
@nondualrandy
Today, after a careful audit of the code and some discussions with the devs who created the protocol
@rodarmor
@veryordinally
we released transfers.
You can now send and receive on !
Introducing Transfer Ordinals on
TRANSFER IS NOW LIVE... LET THE OTC GAMES BEGIN ๐คฏ๐ฅ
To celebrate the launch I will be giving away 1 Bitcoin Punk to a random person who likes, RTs and replies to this post tagging all their crypto frens!
So, whats next?
There is still risk in OTC trading of ordinals. Markets are developing but there is a need for trustless, atomic exchange of assets
@ordswap
is leading the way on this front and we've began discussions on how to work with their exchange protocol
There currently is no support for collections on ordinals, which could lead to scams.
A standard format of collections and making sure they are cryptographically verified is a must! If you are interested in helping with this, checkout this github
@hbeckeri
@ordinalswallet
Great summary. And great progress. I saw the video on transferring in from Sparrow, but I'm transferring from Ord Wallet. I assume it works basically the same, but I think I'll practice with one I messed up just to be safe. Will report back once it's done.
@hbeckeri
@ordinalswallet
Ordinals wallets UI has been extremely easy to use, Some minor bugs to work out but itโs very new , it will be the future
#1
wallet for all Bitcoins next and future innovations. ๐ฏ