BitGo has introduced a new security solution to protect Ordinals subscriptions from accidental transfers and allow users to subscribe their own content to Bitcoin.
BitGoa leading provider of digital asset custody solutions, has introduced a new security solution to protect Bitcoin Ordinals entries from accidental transfers, also allowing users to enroll their own content on the Bitcoin blockchain.
Ordinal Enrollments allow people to enroll text, images, and videos directly into the Bitcoin blockchain. However, since it’s still a relatively new technology for Bitcoin, most wallets still can’t easily receive, send, or store it, putting potentially high-value inscriptions at risk of being accidentally transferred or sent at fees. mining.
BitGo’s new solution allows users to add signup tracking to any Bitcoin hot wallet on BitGo, which means that any transaction received in the wallet will be checked for signups and frozen if signed up to prevent loss of signups. valuable. BitGo users will also be able to send enrolled satoshis to an address of their choice securely, and will have a new option in enrollment-enabled wallets to mint an enroll when making a new transaction.
“Bitcoin Ordinals brought a whole new layer of participation to the Bitcoin network, but upon launch, the surrounding ecosystem lost key security components to ensure high-value Ordinals signups were protected,” said Chen Fang, COO by BitGo. We are very excited to announce the launch of BitGo’s solution to securely store signups and prevent them from being accidentally transferred or sent to mining fees.”
BitGo’s latest security solution for Bitcoin Ordinals sign-ups aims to offer much-needed protection for potentially high-value sign-ups. The new solution will allow users to trustlessly enroll their own content on the Bitcoin blockchain, while ensuring their enrollments are protected and cannot be accidentally lost or transferred.