I took the liberty of scavenging the internet to put together a few Snippet on a development soon to be norm in the cryptocurrency world, but it mostly concerns NFT and it is a welcomed innovation for those of us who have explored NFTs or have thoughts of delving in or who have friends, families or aquaintances into art, music or any creative imaginative field and would be interested in minting their work or just to learn more for good reasons, here's a snippet of key notable perspective on the next stage in Bitcoin's evolution, called Ordinals:
1, yes the full file is locked into a data [witness] space of a transaction XQuote
*Ordinal NFTs are made up of on-chain data, meaning the actual image for the NFT is stored directly on the blockchain, rather than being linked to an external website like most NFTs on Ethereum.
Since ordinals are stored on-chain, their data is immutable and cannot be changed.
* NFTs are linked to individual satoshis, unlike Ethereum NFTs, which have their own token. This creates a connection between the NFT and the underlying asset, Bitcoin. Ordinals use a shared numbering system that assigns every satoshi an ordinal number based on the order in which it was mined. This numbering system, along with other details, is used to maintain continuity for NFTs.
Since ordinals are stored on-chain, their data is immutable and cannot be changed.
* NFTs are linked to individual satoshis, unlike Ethereum NFTs, which have their own token. This creates a connection between the NFT and the underlying asset, Bitcoin. Ordinals use a shared numbering system that assigns every satoshi an ordinal number based on the order in which it was mined. This numbering system, along with other details, is used to maintain continuity for NFTs.
2. however the "linked to individual satoshi's" is not a hard fixed 'link' its just that the ordinals inventor said the first/lowest spend(outout0) of the tx origins is where the taint will follow
..however that can change. without needing to alter block data
so ordinals are not a NFT with locked reference when spent onto new utxo.
in short the meme is not actually 'in the sat' its just told whomever is listed as the first output gets the transfer, yet that can be changed/de-pegged, thus not a good scheme for a supposed lock of value/property
the property(meme) remains in a transaction X blocks prior.. and when spent to tx Y and then Z, the taint tracing by only the ordinals analysis/rule.. forward to current deemed "owner" of the meme in a previous block.. but from outside the ordinal analysis nothing is proven in tx Z in todays Z utxo that the utxo owner also owns property in X..
emphasis: looking at the blockchain as-is
there is no reference in todays Z utxo owner of a resold transfer that shows anything in the current z utxo. that actually references the meme X
its just 'said' that output 0 recipients own it. which can change to output1 without needing to change block data
