Binance Pool Adds Support for Bitcoin Ordinals
Main page News, Cryptocurrency Exchanges, Binance, NFT
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Sept. 1, 2023

Binance Pool, the mining pool of crypto exchange Binance, has just announced the launch of an Ordinals inscription service that allows users to create Bitcoin NFTs.

According to the release, the service allows data to be recorded directly into individual satoshis, creating unique digital artifacts.

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The Ordinals protocol was launched earlier this year and supports signatures in various formats, such as text or images, and also allows issuing standard BRC-20 tokens.

The Binance Pool team has warned that a Taproot address and a verified account are required to use the new platform.

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Due to limited space in Bitcoin blocks, the size of the text file is limited to 300 KB. If the image exceeds this limit, it will be compressed and converted to WEBP format. For security reasons, the platform will remove the metadata.

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