A new version of Bitcoin Ordinals is released to address the “Cursed Inscriptions” problem

Following the upgrade, previously unrecognized Ordinals inscriptions will be indexed by the protocol, enabling them to be exchanged.

Over 71,000 invalid or “cursed” inscriptions will now be able to be traded, thanks to a new update released by the Bitcoin Ordinals protocol’s creators.

Inscriptions that were intentionally misused or incorrectly constructed by using opcodes to create inscriptions were referred to as “cursed inscriptions” since they were rendered invalid and unrecognized.

The Ordinals protocol was changed to version 0.6.0 on June 4, which would be the first step in indexing the previously unknown inscriptions, according to developers including Twitter user Raphjaph.

Casey Rodarmor, the creator of the Ordinals, first suggested a solution to the problem in late April: identify these cursed inscriptions and change them to “blessed” ones.

Support for a portion of the various varieties of cursed inscriptions was included with the upgrade. In order to accomplish this, a block activation height is defined, over which a certain class of previously illegal inscriptions would begin to be indexed as legitimate positive inscriptions.

Influencer for Ordinals LeonidasNFT provided the following explanation as to why these would be included in the list of tradable indexed Ordinals:

This is significant because, after marketplaces switch to version 0.6.0, you will be able to start trading the more than 70k existing but invalid inscriptions that are now supported.

Everyone in possession of a cursed inscription, he continued, “should expect the negative inscription numbers to be shifted.”

Bitcoin Ordinals are non fungible asset artifacts that allow data to be written onto a satoshi, the smallest unit of the cryptocurrency.

Thousands of them were imprinted on the Bitcoin blockchain the next month, generating congestion and increases in transaction fees. Casey Rodarmor had established the system in January.

Regarding rarity and collectability, ordinal inscriptions have been compared to NFTs. Users want a distinct piece of information permanently recorded on the Bitcoin blockchain, therefore early or converted inscriptions on satoshis may be worth something in the future.

10.8 million ordinal inscriptions have produced $45.5 million in transaction fees since the frenzy started earlier this year, according to Dune Analytics.

On May 28, Rodarmor made the announcement that he was handing the reins over to Raphjaph.