Description
Ordinals is an innovative protocol expanding Bitcoin's utility by enabling satoshis to behave like NFTs. It inscribes digital artifacts directly onto individual satoshis, embedding them permanently in the Bitcoin blockchain, thus utilizing its security and immutability for digital ownership and expression. This enhancement does not require separate blockchains, facilitated by Bitcoin's Taproot upgrade. Users can inscribe diverse data, and Ordinals provides resources for engaging with these inscriptions, fostering digital creativity on Bitcoin's decentralized network. The project contrasts previous NFT attempts on Bitcoin by directly integrating assets. Additionally, Ordinals' creator, Casey, devised Runes, which was used in the MEMENTO MORI memecoin on Bitcoin’s Layer 1, highlighting the community's active participation but also raising discussions around high fees and potential risks.
Ordinals is an innovative protocol expanding Bitcoin's utility by enabling satoshis to behave like NFTs. It inscribes digital artifacts directly onto individual satoshis, embedding them permanently in the Bitcoin blockchain, thus utilizing its security and immutability for digital ownership and expression. This enhancement does not require separate blockchains, facilitated by Bitcoin's Taproot upgrade. Users can inscribe diverse data, and Ordinals provides resources for engaging with these inscriptions, fostering digital creativity on Bitcoin's decentralized network. The project contrasts previous NFT attempts on Bitcoin by directly integrating assets. Additionally, Ordinals' creator, Casey, devised Runes, which was used in the MEMENTO MORI memecoin on Bitcoin’s Layer 1, highlighting the community's active participation but also raising discussions around high fees and potential risks.
