• Vitalik Buterin opined that Bitcoin Ordinals needed L2s on the Bitcoin network to advance.
• While Inscriptions surpassed 15 million, Stacks, a Bitcoin L2, fell short of adoption.

Ethereum [ETH] co-founder Vitalik Buterin has heaped praises on Bitcoin Ordinals developers for their courage to build on the Bitcoin [BTC] network. Buterin, who spoke on the “What can Bitcoiners learn from Ethereum?” Twitter Space, said he was glad to see that the experiment had remained relevant.

Realistic or not, here’s ETH’s market cap in BTC’s terms

Is focusing on Bitcoin L2s the right way?

Highlighting the similarities between both blockchains, Buterin said that Ordinals have shown Ethereum and Bitcoin could have homogenous cultures, saying,

“Ordinals are starting to bring back a culture of actually doing things. It feels like there’s real pushback to the laser-eye movement, which is good.”

Introduced by Casey Rodarmor, Bitcoin Ordinals launched in January 2023. The idea behind it was to support a new utility on the network. Since then, several artifacts in the form of NFTs have been created on the network. 

However, at some point, Bitcoin developers argued that it wasn’t “right” for Ordinals to appear on the network. In fact, some said that the development downplayed the existence of Bitcoin fundamentals. 

Despite the concern, Ordinals have continued to experience increased adoption. Meanwhile. Buterin mentioned that Bitcoin could emulate Ethereum by focusing on Layer-Two (L2) projects, and not just limiting de

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Author: Victor Olanrewaju

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