Mordinals, also known as Monero Ordinals, serve as a means to inscribe data alongside transactions stored on the Monero blockchain. This unique feature allows users to include additional information within the Monero network, enhancing its capabilities beyond simple transactional data storage.
The concept of Ordinals was introduced to simplify the issuance of tokens and NFTs on the Bitcoin network. Over the past 30 days, Bitcoin ordinals have gained significant popularity within the crypto sector.
However, this newfound popularity has had a negative consequence, as it has resulted in a noticeable increase in the average transaction fees on the Bitcoin network. The introduction of the Ordinals concept on the Monero blockchain network received mixed reactions.
While a few individuals appreciated this new use case for the Monero coin, the majority of Monero supporters expressed strong opposition, citing…
