The Monero community took a stand against the Ordinals

Mordinals is a new protocol on the Monero network. Like the sensational Ordinals on Bitcoin, it allows you to mint non-fungible tokens through data records in a transaction block. However, many members of the community are not happy about the appearance of such a novelty.

The essence of criticism

Mordinals are scolded for about the same thing, for which Ordinals themselves are hated. This is an unnecessary overload on the network, and in general, many consider the technology useless.

However, members of the community put additional emphasis on how Mordinals affects the privacy of Monero’s anonymous currency. The introduction of NFTs is contrary to the mission of developers who want to make the network’s tokens as unremarkable as possible.

In order to “confuse” third parties, Monero has an interesting “ring signature” technology. They combine a real transaction with several fake ones, preventing the transfer from being tracked.

This is the logic of Mordinals haters. If an attacker with large capital appears and floods the blocks of the network with mordinals, it will not be difficult to distinguish real transactions from mass NFT transfers. This means that it will be easier to track the cryptocurrency.

Experts do not share the panic. They say that Monero has a dynamic block size, so mordinals do not cause abnormal blockchain expansion.

Some thoughts on #monero #Ordinals (#Mordinals).

I don’t like to blame people for using a network in a way that’s allowed, but the Monero network should take steps, as it has done for other privacy and fungibility risks, to limit certain behaviors. A 🧵

— Justin Ehrenhofer 🏳️‍🌈 (@JEhrenhofer) March 17, 2023

However, it would not be superfluous if the developers set some kind of “rules of conduct” for the owners of Mordinals in order to protect the network.