Bitcoin NFTs (also known as Ordinals, Inscriptions, and Digital Artifacts) is the hottest new trend that makes Bitcoin cool again.
Feel like you're missing out on it, anon?
So let’s understand WTF is a Bitcoin NFT (ordinals)?
/Thread 🧵
Feel like you're missing out on it, anon?
So let’s understand WTF is a Bitcoin NFT (ordinals)?
/Thread 🧵
🟪 What is an Ordinals in the real world?
Ordinal numbers are numbers that are used to represent the order, rank, or position of something.
Like 1st, 2nd, 3rd
Ordinal numbers are numbers that are used to represent the order, rank, or position of something.
Like 1st, 2nd, 3rd
🟪 Ordinals in Bitcoin NFT world?
Ordinals are single satoshis (sats) with inscribed arbitrary content using Bitcoin's built-in scripting language and it can be collected and traded.
Ordinals are single satoshis (sats) with inscribed arbitrary content using Bitcoin's built-in scripting language and it can be collected and traded.
Inscriptions are unique digital artifacts – fully decentralized, permissionless, non-mutable, and 100% on-chain.
OG af.
It’s still relatively new as it just crossed 10k ordinals created.
Ordinals don't require a separate token, another blockchain, or any changes to Bitcoin.
OG af.
It’s still relatively new as it just crossed 10k ordinals created.
Ordinals don't require a separate token, another blockchain, or any changes to Bitcoin.
🟪 Ordinals can be represented in a few ways:
-> raw notation, like so 1905530482684727°
-> decimal notation, like so 738848.482684727°
-> degree notation, like so 0°108848′992″482684727‴
-> raw notation, like so 1905530482684727°
-> decimal notation, like so 738848.482684727°
-> degree notation, like so 0°108848′992″482684727‴
🟪 Total Supply
-> common: 2.1 quadrillion
-> uncommon: 6,929,999
-> rare: 3437
-> epic: 32
-> legendary: 5
-> mythic: 1
-> common: 2.1 quadrillion
-> uncommon: 6,929,999
-> rare: 3437
-> epic: 32
-> legendary: 5
-> mythic: 1
🟪 What is a satoshi?
Satoshis, not bitcoin, is the atomic, native currency of the Bitcoin network. One bitcoin can be sub-divided into 100,000,000 satoshis, but no further.(Ordinal Theory, 2023)
Satoshis, not bitcoin, is the atomic, native currency of the Bitcoin network. One bitcoin can be sub-divided into 100,000,000 satoshis, but no further.(Ordinal Theory, 2023)
The brilliant mind behind Ordinals is @rodarmor, who has been talking about the protocol for months, to deploy it to mainnet in late January 2023.
Now, there are no secondary marketplaces for ordinals yet and all trading is done over the counter
(I.e, send money to the owner, the owner sends ordinal).
Creators have been acting as middlemen to ensure security currently.
(I.e, send money to the owner, the owner sends ordinal).
Creators have been acting as middlemen to ensure security currently.
🟪 How to position yourself
-Get a btc wallet: getalby.com
-join the ordinal discord server: discord.com/invite/87cjuz4…
-keep track of the ordinals: @ord_bot -> ordinals.com
-keep your eyes peeled
-Get a btc wallet: getalby.com
-join the ordinal discord server: discord.com/invite/87cjuz4…
-keep track of the ordinals: @ord_bot -> ordinals.com
-keep your eyes peeled
🟪 Additional resources:
rodarmor.com/blog/ordinal-t…
docs.ordinals.com
📌 If you enjoyed reading, give me a like and a follow. And if you have any questions, send me a DM. 🙌
#bitcoinNFTs #ordinals #web3 #blockchain #nfts #Bitcoin
rodarmor.com/blog/ordinal-t…
docs.ordinals.com
📌 If you enjoyed reading, give me a like and a follow. And if you have any questions, send me a DM. 🙌
#bitcoinNFTs #ordinals #web3 #blockchain #nfts #Bitcoin
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