PlayToEarnGames. com: Bitcoin Ordinals preventing double-spending attacks on NFTs? - Blockchain News

PlayToEarnGames.com: Bitcoin Ordinals preventing double-spending attacks on NFTs? - Blockchain News

Read article: https://playtoearngames.com/news/bitcoin-ordinals-preventing-double-spending-attacks-on-nfts

#blockchain #nft #ordinals

What are Bitcoin Ordinals? Role of Ordinals in Preventing Double-Spending Attacks in Bitcoin NFTs! Bitcoin Ordinals are yet another advancement in the Bitcoin network to store digital content on the blockchain.

Ordinals in the network relate to the sequence to add transactions to the blockchain. Every transaction in the blockchain has a unique ordinal number. Transactions in that block also inherit that ordinal number as well. By ensuring the process of transaction in the sequential form, this number helps avoid double-spending hacks in Bitcoin NFTs. If two transactions with the same ordinal number come to the network at the same time, the system automatically accepts one with the higher number.

The network generates the ordinal number, which is present in the header of each block. It is a number that grows sequentially with each new block uploaded to the blockchain. A blocks ordinal number identifies its position in the blockchain, with zero being the first block (Genesis block).

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