TechFlow news, on September 12, the Ordinals Summit 2023 was successfully held during Crypto Asia Week in Singapore. Ocean, DeFi Product Lead at OKX Web3 Wallet, was invited to speak at the event. He stated that ORC20, SRC20, and all other standards are improvements and updates based on BRC20, offering greater scalability and enhanced functionality. In this sense, they can be regarded as better versions of BRC20, yet they have not achieved the same level of popularity as BRC20. Therefore, when it comes to determining the best standard, the community and market have already delivered their verdict. Looking ahead, both BRC20, ORC20, and SRC20 need to strengthen the development of their respective ecosystem communities.
It is reported that the Ordinals Summit 2023 attracted top developers, builders, investors, artists, and collectors from the Ordinals space. Additionally, according to data from Dune Analytics, from December 14, 2022, to the end of May 2023, over 10 million Ordinals inscriptions had been recorded on the Bitcoin network, with the majority minted in the final month alone. Today, this figure has surpassed 16 million.
