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Cryptocurrency exchange Binance has introduced a marketplace focused exclusively on Ordinals protocol signups.
According to the exchange advertisementThe new platform will allow the sale, purchase and mining of BRC-20 standard tokens and other EVM-compatible assets.
The registration marketplace is hosted on Binance's web3 wallet, which can be accessed through the platform's app. According to the developers, features of the new product include buying, selling and mining BRC-20 tokens and other EVM coins, seamless transfers between the Binance platform and your crypto wallet, and increased transaction speeds.
Notably, despite the hype surrounding the “registration” of the Ordinals protocol, the tool remains controversial. Thus, in December 2023, the US National Vulnerability Database (NVD) expanded the list of cybersecurity threats by adding entries created in the Ordinals protocol.
Adding to the list means that a specific vulnerability has been identified, cataloged, and deemed essential for public attention. NVD is currently actively analyzing vulnerabilities in the bitcoin (btc) network. NVD cites the spread of non-transactional data and spam on the network of the first cryptocurrency as one of the possible consequences. This can negatively impact performance and commissions.
bitcoin Core developer Luke Dashjr claims that btc signups use the vulnerability to spam the network. Dashjr appears to stand firm, saying that non-fungible tokens (NFTs) on the bitcoin network “never existed” in the first place, calling them all a “fraud.”
