The cryptocurrency exchange Binance has launched a trading place dedicated solely to Ordinals protocol inscriptions.
The exchange announced that BRC-20 standard tokens and other EVM-compatible assets will be able to be bought, sold, and mined on the new platform.
Via the Binance app, users can access the inscriptions marketplace, which is housed on the platform’s web3 wallet. As stated by the developers, the new product’s features include faster transaction speeds, smooth transfers between the Binance platform and its cryptocurrency wallet, and the ability to purchase, sell, and mine BRC-20 tokens and other EVM coins.
Notably, the tool remains controversial even after all the hoopla surrounding the “inscription” of the Ordinals protocol. Consequently, inscriptions generated in the Ordinals protocol were added to the list of cybersecurity vulnerabilities by the U.S. National Vulnerability Database (NVD) in December 2023.
A specific vulnerability has been found, categorized, and judged important enough to warrant public awareness in order to be included in the list. NVD is actively investigating the Bitcoin (BTC) network’s vulnerabilities.
According to NVD, one of the possible outcomes is the proliferation of spam and non-transactional data across the network of the original coin. Commissions and performance may suffer as a result.
According to Luke Dashjr, the developer of Bitcoin Core, BTC inscriptions leverage the weakness to distribute spam over the network. Dashjr seems to be standing his ground when he claims that all non-fungible tokens (NFTs) on the Bitcoin network are “fraud” and that they “never existed” in the first place.
