In the dynamic world of sports and cryptocurrency, the $PEBALL fan token is making waves. Representing one of the most iconic football clubs, Manchester United, $PEBALL is not just a digital asset but a gateway to a new level of fan engagement and financial opportunity. Here’s why $PEBALL is poised to become a game-changer in the fan token market.

Unleashing Potential Through Digital Fandom
$PEBALL offers fans a unique opportunity to engage with their beloved club like never before. With $PEBALL tokens, supporters gain voting rights on club initiatives, access to exclusive rewards, and participation in unique engagement activities. This direct involvement empowers fans and strengthens their bond with the team, transforming passive support into active participation.

Trending in the Crypto World
The launch of $PEBALL has generated significant buzz in both the sports and crypto communities. Its introduction coincides with a growing trend of fan tokens gaining popularity, as seen during major sporting events like the FIFA World Cup. This trend is driven by the increasing desire of fans to have a stake in their favorite teams and the financial markets' recognition of fan tokens as a new asset class.

Tokenomics: A Solid Foundation
$PEBALL’s tokenomics are designed to ensure stability and growth. With a limited supply of tokens, scarcity drives value over time. Additionally, the distribution model is structured to benefit early adopters and long-term holders, creating an incentive for fans to hold onto their tokens and participate in the ecosystem actively.

Benefits for Long-Term Holders and Stakeholders
Holding $PEBALL tokens offers numerous benefits for long-term investors and stakeholders. Besides potential financial gains from the token’s appreciation, holders can access exclusive merchandise, VIP event tickets, and behind-the-scenes content. These perks create a holistic fan experience that goes beyond traditional sports fandom, fostering a loyal and engaged community.

Stay tuned as $PEBALL continues to make headlines and revolutionize how fans interact with their favorite football club. With its robust tokenomics and innovative engagement features, $PEBALL is set to become a cornerstone in the world of fan tokens.

In the ever-evolving world of cryptocurrency, a new player is stepping into the arena – BonkAI. This innovative token is not just another meme coin; it's a fusion of humor, artificial intelligence (AI), and the exciting world of GameFi. In this blog post, we'll explore the potentials of BonkAI by drawing comparisons with established meme coins like $DOGE and $SHIB.

Meme Coin Resurgence:
Meme coins like $DOGE and $SHIB have shown us the incredible power of community-driven, humorous tokens. BonkAI aims to ride the wave of this resurgence, providing investors with an entertaining yet potentially lucrative avenue in the crypto space.
AI Integration:
What sets BonkAI apart is its integration of artificial intelligence. While $DOGE and $SHIB rely on the meme factor, BonkAI is incorporating AI technology to bring a unique twist. Imagine a meme coin that learns, evolves, and adapts – this is the promise of BonkAI. The potential applications of AI within the crypto space are vast, and BonkAI is at the forefront of exploring these possibilities.

GameFi Synergy:
GameFi, the fusion of gaming and decentralized finance, is a rapidly growing sector. BonkAI doesn't just stop at memes and AI; it's diving into the gaming world. By integrating with GameFi, BonkAI opens up new dimensions of utility. Holders could potentially engage in gaming experiences, stake their tokens within games, or even earn rewards uniquely tied to the GameFi ecosystem.
Community Building:
Both $DOGE and $SHIB have amassed massive and passionate communities. BonkAI aims to replicate and build upon this success by offering a coin that not only unites people through memes but also through shared interests in AI and GameFi. The community will be a driving force behind BonkAI's journey.

Potential for Innovation:
BonkAI represents a new breed of meme coin – one that embraces innovation. As the crypto space continues to evolve, the integration of AI and GameFi positions BonkAI as a potential trailblazer. Investors looking for more than just memes may find BonkAI's approach appealing.

Conclusion
In the world of meme coins, BonkAI stands out as a triple-threat – blending humor, AI, and GameFi. While $DOGE and $SHIB have paved the way, BonkAI is poised to take the meme coin concept to new heights. As the crypto community eagerly awaits the next big thing, BonkAI has emerged as a promising contender, ready to disrupt and entertain in equal measure.

Bitcoin is open source, permissionless, peer to peer programmable money. The supply is hard capped at 21 million coins, which cannot be changed. The network is peer-to-peer and transactions take place between users directly, without an intermediary such as a central bank. These transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
The various avenues will be revealed when going down the rabbit hole, and the journey will be captivating. With this article, you can start learning about Bitcoin’s purpose, who creates the coins, and if it is real money, including more practical advice about buying bitcoin and how to keep your coins safe.
Bitcoin (with an uppercase letter B) refers to the protocol, software, and network, while bitcoin (with a lowercase b) describes the native monetary asset.
ORIGINS OF BITCOIN
Unveiled by a mysterious person or a group known as Satoshi Nakamoto, it is the first cryptocurrency ever created and was described in detail in the white paper published on October 28, 2008. A digital version of cash, which in its physical form is inherently peer-to-peer, was the hardest thing to build, and the genius of Satoshi was to combine existing technology and processes to overcome the enduring issue of double-spending digital currencies without relying on a third party.
Nobody knows the true identity of Satoshi, who disappeared in 2011, leaving the project to volunteers to expand and upgrade. Therefore, it’s fair to say that Bitcoin has no single leader and can survive and thrive without a CEO. 
Read More >> Exploring the origin of Bitcoin
Read More >> With Bit gold, Nick Szabo was inches away from inventing Bitcoin
Read More >> Is Bitcoin legal?
HOW DOES IT WORK?

When users send or receive bitcoin, their transaction is sent to the network of nodes. Each node receives the file and verifies that it’s legitimate. Once verified, it’s added to the Mempool and then passed onto the other nodes in the network. The Mempool stores valid, yet unconfirmed transactions.
Miners then group those transactions together and create a block of transactions, typically selecting those transactions with the highest fees first. Each block is encoded with a block header, transaction counter and transactions, which contains supporting information about the transactions and the hashes.
Miners then compete with each other to be the first to append the next block to the blockchain. The miner or mining pool with the most computational power has the best chance of doing so, however that isn’t deterministic. Transactions are confirmed and new blocks are added thanks to a proof-of-work (PoW) consensus algorithm that requires miners to find a valid hash below a target set by the network. The successful miner is rewarded with new bitcoin as a reward for securing the network; this is known as the block reward and it’s how new coins are minted.
Each block is linked to the previous block thus creating a chain of blocks that cryptographically establishes a public record of valid transactions that can’t be altered (immutable) without altering its block and the ones after it..
It’s worth noting that the protocol defines the rules and PoW determines how these rules will be followed and is regarded as one of the most secure solutions to the Byzantine Generals Problem, a more academic term for solving the double-spending problem without relying on any third party.
Users don’t need to know how Bitcoin works precisely, like they probably don’t know how the internet works despite benefiting from its use. However, it is helpful to grasp the basics as this will help them understand why Bitcoin matters.

WHY IS IT REVOLUTIONARY?
Bitcoin technology facilitates a trustless economic system where borderless financial transactions can be finalized without intermediaries. While traditional banking and payment systems heavily rely on trust, Bitcoin offers a way out of this system with no third party to resolve the double-spending problem and maintain properties like censorship resistance, immutability and decentralization.
Such a framework allowed the creation and implementation of a system effectively disjoined from government control, delivering a revolutionary separation of money and state for the first time in history. Bitcoin breaks all models we’re used to, starting with reduced state power and control, the exact reason governments and their affiliated mainstream media spread disinformation, fear and doubt about it.
Bitcoin offers real digital scarcity which makes it a store-of-value asset; censorship resistance as an assurance that everyone can use it at any time and everywhere, with no discrimination; settlement finality, which almost instantly ensures that transactions are irreversible.
Bitcoin’s settlement finality is still a widely underrated feature, while it represents a valid alternative to more traditional payment methods like Visa credit cards and SWIFT as the underlying structure of bank payments. These more conventional payment systems may take up to six months to settle, while a typical Bitcoin transaction is finalized within 10 minutes to a couple of hours.
WHAT IS BITCOIN USED FOR?
Long term savings: Its volatility has captured the attention of greedy investors who contribute to its rapid price increases. They end up buying out of greed but staying for its promise, which means as time goes by, Bitcoin becomes a stable network of enthusiasts that won’t easily sell its native asset, thereby improving its soundness.
Trading: Like every asset with value, bitcoin has become one of the most traded holdings in recent years. There are plenty of tools available for anyone who wants to begin trading, and many traders have turned it into their primary source of income by learning strategies to take advantage of its famous volatility. The common goal for traders is not to grow their capital in fiat terms but to increase their bitcoin holdings.
Inflation hedge Bitcoin has grown as a hedge against long-term inflation. Unlike traditional currencies that lose purchasing power over time, the cryptocurrency has proven resistant to such market conditions thanks to properties like scarcity, increasing technological accessibility, and durability.Remittances: By removing intermediaries and enabling borderless payments through the Lightning Network, Bitcoin is growing as a tool to facilitate remittances. Emblematic is the growth of remittances in El Salvador, where the cryptocurrency was adopted as legal tender in 2021, and remittances account for 24% of El Salvador’s GDP. The country could represent a testing marketplace for international remittances in other countries.
Collateral Decentralized finance (DeFi) is an emerging and fast-growing branch of finance used to secure mortgages, refinancing, and other services where bitcoin can be used as a collateral asset to secure funds in different currencies or assets. While this is still a grey area for many who offer traditional financial services, bitcoin as collateral is already operative and widely used by cryptocurrency supporters.
Payments: Layer 2 (L2) protocols have been created to tackle the scalability issue and offer faster and cheaper off-chain payments than Bitcoin’s base layer (L1). The best two examples that have been developed are the Lighting Network and the Liquid Network.
Energy monetization: What has typically been seen as a huge problem due to excessive mining power consumption is becoming an advantage for Bitcoin. The idea is to exploit excessive renewable sources of energy production, monetize the surplus supply of the power output and make the project cleaner and more cost-effective. Miners are particularly fitted for such a scheme since they can move and settle where the power is, even in remote areas, to fill gaps, thus driving a clean energy transition. 
IS BITCOIN A SAFE INVESTMENT?
PROS
It is considered a safe investment primarily because, over time, it has become highly secure thanks to its SHA-256 algorithm, which was designed by the U.S. National Security Agency (NSA). No other cryptocurrency can claim the same security; Bitcoin’s blockchain has never been hacked, and as time goes by and blocks are added to the chain, it becomes increasingly difficult to attack.
The supply and issuance are programmed by protocol and this predictability is an important feature. So as long as supply/demand economics upholds, the properties of scarcity should prevail.
Bitcoin is also unique and secure as private property because once you own it and store it properly, it cannot be taken away from you. It doesn’t rely on a local authority or legal system to protect it; instead, it’s secured by the natural incentives of those participating in the network. Investors should also consider that their bitcoin is safer in their cryptographically secured wallet than their cash is in a bank where it is rehypothecated.
If we consider the Lindy effect, according to which the life expectancy of a technology is proportional to its current age, then Bitcoin can be expected to exist for at least another 12 years. Moreover, despite being declared dead hundreds of times in the past, it appears to be here to stay, and we can expect it to live much longer.
Public personalities, influential investors and entrepreneurs would not have gone as far as endorsing it if they did not believe Bitcoin was here to stay. Jack Dorsey, Elon Musk and Tesla, Michael Saylor, Ray Dalio, and several other VIPs have added Bitcoin to their companies’ reserve assets, often replacing gold and cash reserves, besides owning the asset in their personal portfolios.
CONS
Price volatility is often seen as a significant issue to potential investors, but many will argue that’s actually a feature, not a bug. To start with, bitcoin is still a relatively new asset and, as such, is prone to substantial price swings. Price volatility has reduced over time and this trend is expected to continue as the asset matures. Moreover, price fluctuations are only short-term, and the price tends to go up in the long-term, especially if we consider a multi-year chart where the uptrend becomes apparent.
Technical barriers are normal for new technology and Bitcoin’s learning curve can be daunting for newcomers. However, using wallets, keys, apps, and all accessories becomes easier with time and thanks to companies’ contribution to better usability.
Read More >> Common misconceptions about Bitcoin 
HOW DOES BITCOIN MAKE MONEY?
Bitcoin’s network fulfills well-designed incentives that ensure miners are rewarded with bitcoin to keep it alive.
At first, Bitcoin was mined by regular node operators who simply employed their computer central processing unit (CPU) power to find the next block, in the same way that Satoshi mined the first blocks. Node operators were incentivized to use their electricity to expand the network by adding new blocks to the longest chain and being rewarded with bitcoin.
This process is called proof of work, and it’s the essential consensus algorithm that constitutes the backbone of the network and provides it with the highest security.
As new nodes joined the network and started to compete to receive block rewards, the standard CPU power was no longer enough. Over ten years, miners had to switch from graphic processing units (GPUs) to the current application-specific integrated circuits (ASICs) mining devices to compete with other miners and find the next block faster.
In essence, through such an incentivizing system, this is how Bitcoin makes money. How much does it cost to produce one bitcoin? Several elements must be considered to assess if mining is profitable, from the cost of electricity to the mining difficulty (an automatic adjustment necessary to keep the block generation time at about 10 minutes) and the block reward.
It is estimated that with a block reward of 6.25 BTC, difficulty at 27.5 trillion hashes, $0.15 per kilowatt hour (kWh), and energy efficiency of 45 joules per terahash, the cost to produce 1 BTC is about $35,500.
Read More >> Why Proof of Work is a superior consensus mechanism
Read More >> Making The Decision To Mine Or Purchase Bitcoin
OK, SO BITCOIN IS SIMILAR TO GOLD?

Bitcoin has similar monetary properties to gold and is often addressed as digital gold. The process for producing the two commodities are similar. Gold is mined and extracted from the ground using energy-intensive machinery, while new bitcoin are mined using energy-intensive computers. The mining process they both go through is what associates them, along with rising marginal costs, a consequence of more parties wanting to mine making mining more difficult to achieve.
This means that mining is an expense that cannot be forged, a concept known as unforgeable costliness that cryptographer and computer scientist Nick Szabo explains.
Both commodities are scarce, yet nobody knows the overall supply of gold, while we know there will only be about 21 million bitcoin in circulation. Gold has relative scarcity, meaning it is scarce relative to the amount of energy exerted to mine it. Bitcoin is has absolutely scarcity, meaning it is finite. No matter how much energy is expended through mining, the network will continue to issue produce new blocks at the same rate and hard cap. 
Bitcoin can be easily verified and audited due to its primarily immutable and programmable protocol, compared to physical assets like gold which are much harder to scrutinize. They are both decentralized forms of money that can be held independently from any intermediate.
Both bitcoin and gold are often referred to as hard money, which is something everyone would like to retain because it’s robust, reliable and secure. 
Read More >> Bitcoin vs gold
IS BITCOIN MONEY?
From the use of commodities like grain to precious metals like gold and subsequently government-controlled fiat currencies, money has been perceived as a means that facilitates value exchanges between participants of an economy.
Over time the definition of money has shifted to include a few main properties like fungibility, durability, portability, divisibility, and stability, all applicable to bitcoin, except stability for now.
If we add scarcity and other properties like censorship-resistance, programmability and decentralization, bitcoin is close to the most perfect type of money ever created, as highlighted below.

While we’ve been led to believe that only fiat currencies are money, this wasn’t the case until 1971, when U.S. President Richard Nixon decided to default on the U.S. dollar convertibility to gold.
Nowadays, our money is digitally conceived, and what we check in our bank account, for example, is a simple entry on the bank ledger. We don’t even know if any real money is actually held on the other side of the ledger.
Bitcoin represents the purest form of money, without the physical attribute. While it is also an entry in a ledger, if we use a non-custodial wallet (not managed by a third party but ourselves), we own access to it through the private key, and nobody can take that money away from us. This is why Bitcoin helps refugees escape wars, and authoritarian governments when the local fiat currency is made unavailable by a nation state that can freeze assets unchallenged.
IS IT A GOOD INVESTMENT? 
With an asset increasing in value as fast as bitcoin, such a question is unavoidable. Looking at the price development alone, it’s clear that there have been several extreme bubble phases with subsequent massive price drops.
Despite the enormous growth bitcoin has recorded over the years and its price reaching an all-time high (ATH) of nearly $68,000 in November 2021, bitcoin’s potential to grow further is very strong — often referred to as Number Go Up (NGU) technology, strictly liaised with the halving event that cuts block production in half, making it more scarce and, therefore, more valuable each time.
When bitcoin hits a new ATH, new potential investors are inclined to believe it’s too late to invest in bitcoin because the price is already inaccessible. However, bitcoin’s price has always proved them wrong by growing higher every time.
Should the price reach $100,000 or $1 million, then people won’t mind if they purchased at $2,000, $20,000 or even $60,000. The important point is that you bought bitcoin and participated in the capital gain. Obviously, should that scenario happen, the more bitcoin you have, the better.
Financial institutions and banks alike are increasingly offering bitcoin in investment portfolios, suggesting bitcoin is not going anywhere and gradually but steadily moving up in market cap ranking compared to gold, for example.
Considering that fiat currencies continue to lose purchasing power and bitcoin, in contrast, continues to show resilience to market conditions increasing in value over the years, investors can quickly draw their conclusions.
It is always good practice to understand an asset you decide to invest in, and this article should offer you the essential information to assess if bitcoin is worth your investment.
IT’S A BIT EXPENSIVE, WHAT ABOUT THE CHEAPER COINS?
A cheaper asset does not correspond to better value. This is a concept that many crypto investors have come across unfortunately by losing their money in shady projects they invested in because they were cheap.
The rise of alternative coins (altcoins) has opened the door to additional investment assets in the cryptocurrency space. Bitcoin is seen as already too expensive to buy, so new investors are inclined to put their funds in altcoins which, in their opinion, have higher growth potential. This strategy has repeatedly been proven wrong, and new investors have often lost money because they invested based on a price rather than the solidity of a project.
Be careful to not be fooled by this unit bias, which is the concept that we are more enticed to buy a whole unit of a given currency instead of a fractional quantity. Many newcomers hold the irrational view that BTC is too expensive and hence look into “cheaper” alternative coins that they can own more units of.
The extreme speculation that occurs in crypto markets has led small investors to buy the cheapest of coins because they believe they will go up in value regardless of their real use case and fundamentals. This leads them to make much riskier investments and buy and HODL altcoins.
Altcoins have shorter life spans than bitcoin and are, therefore, less secure. They are often promoted as higher-return investments than bitcoin in fiat terms but against bitcoin are a disappointment. They have none of the properties that make bitcoin so valuable, starting from their circulation supply, which is often difficult to assess and usually unlimited.
They are decentralized in name only (DINO) but are generally controlled by an influential leader, a group of developers or venture capital firms and provide a type of governance that makes that decentralization difficult to confirm.
Besides being a better asset, bitcoin is highly divisible, which means a fraction of a coin can be acquired. The smallest fraction of a bitcoin is satoshi is 0.00000001 BTC, and if bitcoin's value continue to appreciate, sats will likely be the new standard means of exchange, and it makes sense to start accumulating them if one cannot afford a whole bitcoin.
CAN BITCOIN BE CONVERTED INTO CASH?
While investors should be aware that turning bitcoin into cash may trigger a taxable event and could be a regrettable decision over time, it is undoubtedly possible to exchange it for cash in a few different ways.
Using cryptocurrency exchanges, which are third-party brokers, is the most popular way to move your bitcoin out of a wallet and turn it into cash. The operation requires a few KYC steps to verify your identity and comply with money laundering regulations before you can even link a bank account to transfer the relevant fiat currency bought with the sale of bitcoin.
Bitcoin Automated Teller Machines (ATMs), also called Bitcoin Teller Machines (BTMs), are another way to cash out your bitcoin, and there are roughly 38,000 worldwide. It’s as easy as scanning a Bitcoin wallet QR code over the device to sell your bitcoin for cash; however, the fees using BTMs are much higher than those through nearly any other method.
More recently, banks have considered offering bitcoin. Especially in the U.S., a few major financial institutions are apparently ready to allow their customers to buy, hold or sell bitcoin. The increasing interest of customers around Bitcoin encourages them to follow this path, knowing that otherwise, they would look elsewhere to invest in bitcoin.
Among the fintech services that banks are rolling out for Bitcoin, there are debit card rewards paid in bitcoin and new types of bank accounts that may pay interest in the cryptocurrency. 
HOW MUCH SHOULD I INVEST?
Taking into account that it’s never wise to invest more than you can afford to lose, how much to invest in bitcoin is entirely based on the individual’s availability and preference. Even the most secure investments bear a certain risk, and bitcoin is no exception.
Learning about Bitcoin would help build trust in it, and starting with small purchases can offer some familiarity with the asset.
Bitcoin is one of the favorite acquisitions of small retail investors who have learned to spend less on futile things and save such money to buy bitcoin instead. Setting up regular purchases can help overcome the fear of too much volatility and better cope with its price swings. Remember to always set money aside for a rainy day.
WHEN IS THE BEST TIME TO BUY?
Timing the market correctly is always challenging; for that reason, the best time to buy bitcoin is when you have money available to invest.
Fundamentals and technical analysis can help assess if the price is too high; for instance, when bitcoin reaches an ATH too quickly, it will likely retrace. The opposite is also true, so buying bitcoin when it dips is always a good idea if the investment is for a long-term period, knowing that the asset can go lower.
The best and favorite strategy of bitcoiners is to dollar-cost average (DCA), which means you allocate affordable money daily, weekly or monthly. This way, price swings won’t matter, and the difference can’t even be perceived with small purchases. Yet, the strategy allows you to accumulate a decent amount of bitcoin over the long term without feeling much of a burden.
Read More>> How to buy Bitcoin 
LASTLY, KEEP YOUR COINS SAFE
All the knowledge about Bitcoin and finally buying it are helpless if you don’t secure it. Remember, because of Bitcoin’s decentralized nature, there won’t be a call center or helpdesk to assist if you have problems with its management.
That said, it is relatively easy to safely store your bitcoin if you follow a few essential steps.
The first rule is to keep your bitcoin out of exchanges. These should only be used for cash conversions; thus, a non-custodial wallet is recommended instead. With Bitcoin, you are your own bank and should always secure your private keys. As a traditional Bitcoin mantra says, “not your keys, not your bitcoin.”
The best and most secure wallets are held in cold storage, which means offline. A private key should never, for any reason, be stored in a computer or the cloud. Online transactions and hot storage (always online) have a much higher chance of being hacked, and you can potentially say goodbye to your bitcoin.
CONCLUSION
Taking full ownership and control over our finances through Bitcoin requires the willingness and personal responsibility to learn about what it is, its purpose and its promise. Certain concepts might be a little complex to grasp at first, but with the passing of time it will prove to be a worthwhile endeavor. Not only has Bitcoin the potential to increase a person's financial wellbeing, but can also genuinely reshape the world and make it a better and fairer place.
You will then understand why it's viewed as the next logical step in the evolution of money, a step that takes — actually re-takes — money out of the hands of governments. It's for this reason that the media and authorities spread so much fear and mistrust in Bitcoin, but it's also the reason why we, as HODLers, believe it brings so much hope for humanity.
Follow Bitcoin Magazine on Twitter to learn more about Bitcoin and start earning some sats by taking the 21 days to learn bitcoin course to continue your learning. 

TwelveFold By Yuga Labs

TwelveFold is a project created by Yuga Labs, the same team behind the popular Bored Ape Yacht Club NFT collection. TwelveFold consists of 12 unique Bitcoin ordinals, each representing a different member of a fictional group called the “TwelveFold Society.” Each ordinal is associated with a specific character and storyline, which has been developed by Yuga Labs in collaboration with a team of writers and artists.
The TwelveFold ordinals are non-fungible and are stored on the Bitcoin blockchain. They can be bought and sold on various marketplaces and are considered rare and collectible. The project has been well-received in the NFT community, with some collectors and investors paying significant amounts to acquire one of the TwelveFold ordinals.
Ordinal Punks
Source: Ordinal Punks
Ordinal Punks is a project created by the same team behind CryptoPunks, one of the most popular and valuable NFT collections in the market. Ordinal Punks consists of 10,000 unique Bitcoin ordinals, each representing a different character or “punk.” The ordinals are stored on the Bitcoin blockchain and are considered rare and collectible.
Ordinal Loops

Source: Ordinal Loops
Ordinal Loops is a project created by artist and developer Sarah Zucker. The project consists of 1,000 unique Bitcoin ordinals, each representing a different looped animation. The ordinals are stored on the Bitcoin blockchain and are considered rare and collectible.
Taproot Wizards

Source: Taproot Wizards
Taproot Wizards is a project created by artist and developer Matt Kane. The project consists of 1,024 unique Bitcoin ordinals, each representing a different wizard. The ordinals are stored on the Bitcoin blockchain and are considered rare and collectible.
TimeChain Collectibles

Source: TimeChain Collectibles
TimeChain Collectibles is a project created by artist and developer Victor Mosquera. The project consists of 21 unique Bitcoin ordinals, each representing a different character or scene from Mosquera’s artwork. The ordinals are stored on the Bitcoin blockchain and are considered rare and collectible.
Debate: Are Bitcoin Ordinals considered NFTs?
There has been some debate in the crypto community surrounding whether Bitcoin ordinals should be considered NFTs. Some argue that Bitcoin ordinals meet the technical definition of NFTs, as they are unique digital assets created on a blockchain network. Others argue that Bitcoin ordinals are fundamentally different from NFTs, as they are primarily used for tracking the order of Bitcoin transactions and verifying the authenticity of digital assets.
Proponents of the argument that Bitcoin ordinals are NFTs point to the fact that each ordinal is unique and can be traced back to a specific Bitcoin transaction. They argue that this makes Bitcoin ordinals functionally similar to NFTs, which are also unique digital assets that can be traced back to a specific blockchain transaction.
On the other hand, critics of the argument that Bitcoin ordinals are NFTs point to the fact that the primary purpose of Bitcoin ordinals is to track the order of Bitcoin transactions and ensure their integrity, rather than to represent unique digital assets. They argue that while Bitcoin ordinals may meet the technical definition of NFTs, they are fundamentally different from NFTs in terms of their use cases and marketability.
BRC-20
BRC-20 tokens are a fungible token standard created for the Bitcoin blockchain. The standard is designed to allow users to inscribe JSON (JavaScript Object Notation) on the Bitcoin blockchain using the Ordinals protocol, which can be used to deploy token contracts to mint and transfer tokens.
History of BRC-20
What are Bitcoin Ordinals?
Bitcoin ordinals are a new type of digital asset that has been gaining attention in the cryptocurrency world. They are unique tokens that are created by assigning a specific ordinal number to a Bitcoin transaction. In other words, Bitcoin ordinals are a way of tracking the order in which Bitcoin transactions occur on the blockchain.
To understand Bitcoin ordinals, it is important to first understand how Bitcoin transactions work. When someone sends Bitcoin to another person, the transaction is recorded on the blockchain, which is a public ledger that records all Bitcoin transactions. Each transaction is assigned a unique identifier called a transaction ID or TXID.
Bitcoin ordinals take this a step further by assigning a specific ordinal number to each transaction based on the order in which it was included in a block. For example, the first transaction in a block would be assigned ordinal number 1, the second transaction would be assigned ordinal number 2, and so on.
Bitcoin ordinals are created using a protocol called OP_RETURN, which allows users to embed data in a Bitcoin transaction that is not related to the transfer of Bitcoin. This means that Bitcoin ordinals can be created without affecting the actual transfer of Bitcoin between users.
Technical Aspects of Bitcoin Ordinals
Inscriptions
In the context of Bitcoin ordinals, Inscriptions refer to the ability to add arbitrary content to the smallest unit of Bitcoin, the Satoshi. This allows for the creation of unique digital assets, similar to Non-Fungible Tokens (NFTs), that can be tracked and transferred using ordinal theory.
Inscriptions are made possible by the Ordinals protocol, which was created in January 2023. The protocol indexes every Satoshi and allows users to inscribe any file on-chain on Bitcoin. The inscribed data can include text, images, videos, or any other file format. The inscriptions are stored on the Bitcoin base chain and are as durable, immutable, secure, and decentralized as Bitcoin itself.
The use of Inscriptions with ordinal theory allows for the creation of digital collectibles or NFTs that are unique, verifiable, and tradable. Each Inscription represents a distinct identity on the Bitcoin blockchain and can be used to represent anything from virtual artwork to real-world assets. Additionally, because Inscriptions are stored on the Bitcoin blockchain, they can be easily accessed and transferred, making them a powerful tool for creating decentralized digital assets.
Sat rarity
There are a limited number of satoshis in circulation. There are a total of 2.1 quadrillion satoshis in existence, which is the maximum amount that can ever be created on the Bitcoin network. As more people use Bitcoin, the number of available satoshis will decrease, making them more scarce and potentially increasing their value over time.
This scarcity is what makes Bitcoin ordinals and the use of inscriptions so interesting. By inscribing arbitrary content on a satoshi, individuals can create unique and scarce digital collectibles or NFTs that can be shared and traded on the Bitcoin network. This adds a new layer of utility and value to Bitcoin beyond its use as a digital currency. The use of ordinals theory to track and transfer these unique assets provides a secure and decentralized way of managing digital ownership, further increasing the potential value of Bitcoin ordinals.
The rarity of satoshis is important in determining their value as collectibles, making them attractive to Bitcoin Ordinals collectors. Several factors could influence the rarity of satoshis. One of them is the periodic events that occur in Bitcoin, such as new block mining, difficulty adjustments, and halvings. These events happen at varying frequencies, and their occurrence could make satoshis minted during those periods more valuable. For instance, satoshis that are minted after a halving event could be considered more valuable than others.
Apart from periodic events, satoshis could also hold value based on unique qualities of the number itself or significant events in Bitcoin’s history. For example, satoshis from block 477,120 that marked the activation of SegWit, or the last ordinal that will ever be mined, could potentially carry significant value for collectors. These satoshis are often referred to as “exotic,” and their classification is subjective.
Bitcoin Ordinals Wallets

Source: Ordinals Wallet
To mint and manage Bitcoin ordinals, users can utilize a variety of specialized wallets. The most popular options are Ordinals Wallet, Xverse Wallet, Hiro Wallet, and UniSat.
Ordinals Wallet is a dedicated Bitcoin ordinal wallet that allows users to create and transfer ordinals. The wallet uses an intuitive interface that simplifies the creation of ordinals, making it accessible even to those without technical expertise.
Xverse Wallet is another popular choice, offering a range of features beyond just ordinal management. The wallet supports multiple cryptocurrencies and allows for the creation of non-fungible tokens (NFTs) in addition to ordinals. Its intuitive interface and broad functionality make it a powerful tool for those looking to manage various digital assets.
Hiro Wallet is a highly secure, non-custodial wallet that supports the creation and management of Bitcoin ordinals. The wallet utilizes advanced security measures such as biometric authentication and two-factor authentication to ensure the safety of user funds.
UniSat is a decentralized platform that enables anyone to inscribe arbitrary data on the Bitcoin blockchain using ordinals. It also provides a marketplace where users can buy and sell these custom tokens, with prices determined by supply and demand. The platform is built on top of the Lightning Network, allowing faster and cheaper transactions than traditional Bitcoin blockchain transactions. With UniSat, users have full control over their tokens and can transfer them to any compatible wallet.
Relevance of Bitcoin Ordinals
Bitcoin ordinals have the potential to add significant value to the cryptocurrency ecosystem in several ways.
Auditing
Bitcoin ordinals can be used for auditing purposes, as they provide a transparent and immutable record of the order in which Bitcoin transactions occur on the blockchain. This can be useful for businesses and organizations that need to maintain accurate and reliable records of their financial transactions.
New financial products and services
Bitcoin ordinals can enable new types of financial instruments and contracts to be created on the blockchain. For example, Bitcoin ordinals can be used to create smart contracts that are triggered by specific Bitcoin transactions, such as the transfer of a certain amount of Bitcoin from one wallet to another. This can enable a wide range of new financial products and services to be developed on the blockchain.
Organization and analysis of BTC transactions
Bitcoin ordinals can provide a new way of organizing and analyzing Bitcoin transactions on the blockchain, which can lead to new insights and discoveries about the behavior of Bitcoin users and the overall health of the Bitcoin ecosystem.
Potential Use Cases for Bitcoin Ordinals
Supply chain management
By tracking the order of Bitcoin transactions on the blockchain, Bitcoin ordinals can provide a transparent and immutable record of the movement of goods and products along the supply chain. This can help to prevent fraud and counterfeiting, and can provide consumers with greater confidence in the products they are purchasing.
Digital identity
By assigning a unique ordinal number to each Bitcoin transaction, Bitcoin ordinals can provide a way of verifying the identity of individuals and entities that are engaging in Bitcoin transactions. This can be useful for preventing fraud and for complying with regulatory requirements related to KYC and AML.
Lending and borrowing
By tracking the order of Bitcoin transactions on the blockchain, Bitcoin ordinals can provide a way of verifying the creditworthiness of borrowers and the legitimacy of lenders. This can enable new types of peer-to-peer lending platforms to be developed on the blockchain.
DAOs and dApps
Bitcoin ordinals can be used for creating decentralized autonomous organizations (DAOs) and other types of decentralized applications (dApps). By providing a transparent and immutable record of the order of Bitcoin transactions on the blockchain, Bitcoin ordinals can provide a way of creating decentralized governance structures and decision-making processes.
Digital collectibles and non-fungible tokens (NFTs)
By assigning a unique ordinal number to each Bitcoin transaction, Bitcoin ordinals can provide a way of verifying the authenticity of digital assets and collectibles. This enables new types of digital art and collectibles to be created on the blockchain.
Pros of Bitcoin Ordinals
Increased transparency
By tracking the order of Bitcoin transactions on the blockchain, Bitcoin ordinals can provide a transparent and immutable record of the movement of funds. This helps to prevent fraud and other types of illegal activity, and can increase confidence in the Bitcoin ecosystem.
Increased efficiency
By automating the tracking and recording of Bitcoin transactions, Bitcoin ordinals help reduce the costs and time required for manual record-keeping and auditing.
Potential to enable new types of financial innovation
By providing a transparent and immutable record of the order of Bitcoin transactions, Bitcoin ordinals enable new types of financial instruments and contracts to be created on the blockchain. This can lead to new opportunities for investment, lending, and other financial services.
Cons of Bitcoin Ordinals
Privacy concerns
By tracking the order of Bitcoin transactions on the blockchain, Bitcoin ordinals reveal information about the parties involved in those transactions, which can raise privacy concerns.
Scalability
As the number of Bitcoin transactions increases, it may become more difficult and resource-intensive to track and record all of those transactions using Bitcoin ordinals. This could potentially lead to slower transaction processing times and higher costs for users.
Technical challenges and implementation issues
As with any new technology, there may be technical hurdles and implementation challenges that need to be overcome in order to successfully implement Bitcoin ordinals in the cryptocurrency ecosystem.
NFT Projects: Examples of Bitcoin Ordinals
TwelveFold By Yuga Labs

Source: Yuga Labs
TwelveFold is a project created by Yuga Labs, the same team behind the popular Bored Ape Yacht Club NFT collection. TwelveFold consists of 12 unique Bitcoin ordinals, each representing a different member of a fictional group called the “TwelveFold Society.” Each ordinal is associated with a specific character and storyline, which has been developed by Yuga Labs in collaboration with a team of writers and artists.
The TwelveFold ordinals are non-fungible and are stored on the Bitcoin blockchain. They can be bought and sold on various marketplaces and are considered rare and collectible. The project has been well-received in the NFT community, with some collectors and investors paying significant amounts to acquire one of the TwelveFold ordinals.
Ordinal Punks

Source: Ordinal Punks
Ordinal Punks is a project created by the same team behind CryptoPunks, one of the most popular and valuable NFT collections in the market. Ordinal Punks consists of 10,000 unique Bitcoin ordinals, each representing a different character or “punk.” The ordinals are stored on the Bitcoin blockchain and are considered rare and collectible.
Ordinal Loops

Source: Ordinal Loops
Ordinal Loops is a project created by artist and developer Sarah Zucker. The project consists of 1,000 unique Bitcoin ordinals, each representing a different looped animation. The ordinals are stored on the Bitcoin blockchain and are considered rare and collectible.
Taproot Wizards

Source: Taproot Wizards
Taproot Wizards is a project created by artist and developer Matt Kane. The project consists of 1,024 unique Bitcoin ordinals, each representing a different wizard. The ordinals are stored on the Bitcoin blockchain and are considered rare and collectible.
TimeChain Collectibles

Source: TimeChain Collectibles
TimeChain Collectibles is a project created by artist and developer Victor Mosquera. The project consists of 21 unique Bitcoin ordinals, each representing a different character or scene from Mosquera’s artwork. The ordinals are stored on the Bitcoin blockchain and are considered rare and collectible.
Debate: Are Bitcoin Ordinals considered NFTs?
There has been some debate in the crypto community surrounding whether Bitcoin ordinals should be considered NFTs. Some argue that Bitcoin ordinals meet the technical definition of NFTs, as they are unique digital assets created on a blockchain network. Others argue that Bitcoin ordinals are fundamentally different from NFTs, as they are primarily used for tracking the order of Bitcoin transactions and verifying the authenticity of digital assets.
Proponents of the argument that Bitcoin ordinals are NFTs point to the fact that each ordinal is unique and can be traced back to a specific Bitcoin transaction. They argue that this makes Bitcoin ordinals functionally similar to NFTs, which are also unique digital assets that can be traced back to a specific blockchain transaction.
On the other hand, critics of the argument that Bitcoin ordinals are NFTs point to the fact that the primary purpose of Bitcoin ordinals is to track the order of Bitcoin transactions and ensure their integrity, rather than to represent unique digital assets. They argue that while Bitcoin ordinals may meet the technical definition of NFTs, they are fundamentally different from NFTs in terms of their use cases and marketability.
BRC-20
BRC-20 tokens are a fungible token standard created for the Bitcoin blockchain. The standard is designed to allow users to inscribe JSON (JavaScript Object Notation) on the Bitcoin blockchain using the Ordinals protocol, which can be used to deploy token contracts to mint and transfer tokens.
History of BRC-20

Source: Twitter - @domodata
The BRC-20 token standard was first theorized by a developer named Domodata in March 2023. Domodata proposed using the Ordinals protocol to create a fungible token standard on the Bitcoin blockchain. The standard would allow users to inscribe JSON on Satoshis, the smallest unit of Bitcoin, and use them to create tokens that can be traded across transactions.
Is BRC-20 similar to ERC-20?
BRC-20 is similar to ERC-20 in that they are both token standards used on their respective blockchain networks. However, there are some key differences between the two. While ERC-20 is used on the Ethereum blockchain and allows for the creation of smart contracts, BRC-20 is used on the Bitcoin blockchain and does not support smart contracts. This limitation means that developers cannot create as wide a range of programmable tokens and financial products on the BRC-20 network as they can on the Ethereum network.
BRC-20 uses the Proof of Work (PoW) mechanism, whereas ERC-20 uses the Proof of Stake (PoS) mechanism. PoW requires miners to compete and solve complex mathematical problems to validate transactions and earn rewards, while PoS allows for validators to be chosen based on the amount of cryptocurrency they hold.
Despite these limitations, the BRC-20 token standard has still gained traction a few months after its launch.
BRC-20 Tokens

What are Bitcoin Ordinals?
Bitcoin ordinals are a new type of digital asset that has been gaining attention in the cryptocurrency world. They are unique tokens that are created by assigning a specific ordinal number to a Bitcoin transaction. In other words, Bitcoin ordinals are a way of tracking the order in which Bitcoin transactions occur on the blockchain.
To understand Bitcoin ordinals, it is important to first understand how Bitcoin transactions work. When someone sends Bitcoin to another person, the transaction is recorded on the blockchain, which is a public ledger that records all Bitcoin transactions. Each transaction is assigned a unique identifier called a transaction ID or TXID.
Bitcoin ordinals take this a step further by assigning a specific ordinal number to each transaction based on the order in which it was included in a block. For example, the first transaction in a block would be assigned ordinal number 1, the second transaction would be assigned ordinal number 2, and so on.
Bitcoin ordinals are created using a protocol called OP_RETURN, which allows users to embed data in a Bitcoin transaction that is not related to the transfer of Bitcoin. This means that Bitcoin ordinals can be created without affecting the actual transfer of Bitcoin between users.
Technical Aspects of Bitcoin Ordinals
Inscriptions
In the context of Bitcoin ordinals, Inscriptions refer to the ability to add arbitrary content to the smallest unit of Bitcoin, the Satoshi. This allows for the creation of unique digital assets, similar to Non-Fungible Tokens (NFTs), that can be tracked and transferred using ordinal theory.
Inscriptions are made possible by the Ordinals protocol, which was created in January 2023. The protocol indexes every Satoshi and allows users to inscribe any file on-chain on Bitcoin. The inscribed data can include text, images, videos, or any other file format. The inscriptions are stored on the Bitcoin base chain and are as durable, immutable, secure, and decentralized as Bitcoin itself.
The use of Inscriptions with ordinal theory allows for the creation of digital collectibles or NFTs that are unique, verifiable, and tradable. Each Inscription represents a distinct identity on the Bitcoin blockchain and can be used to represent anything from virtual artwork to real-world assets. Additionally, because Inscriptions are stored on the Bitcoin blockchain, they can be easily accessed and transferred, making them a powerful tool for creating decentralized digital assets.
Sat rarity
There are a limited number of satoshis in circulation. There are a total of 2.1 quadrillion satoshis in existence, which is the maximum amount that can ever be created on the Bitcoin network. As more people use Bitcoin, the number of available satoshis will decrease, making them more scarce and potentially increasing their value over time.
This scarcity is what makes Bitcoin ordinals and the use of inscriptions so interesting. By inscribing arbitrary content on a satoshi, individuals can create unique and scarce digital collectibles or NFTs that can be shared and traded on the Bitcoin network. This adds a new layer of utility and value to Bitcoin beyond its use as a digital currency. The use of ordinals theory to track and transfer these unique assets provides a secure and decentralized way of managing digital ownership, further increasing the potential value of Bitcoin ordinals.
The rarity of satoshis is important in determining their value as collectibles, making them attractive to Bitcoin Ordinals collectors. Several factors could influence the rarity of satoshis. One of them is the periodic events that occur in Bitcoin, such as new block mining, difficulty adjustments, and halvings. These events happen at varying frequencies, and their occurrence could make satoshis minted during those periods more valuable. For instance, satoshis that are minted after a halving event could be considered more valuable than others.
Apart from periodic events, satoshis could also hold value based on unique qualities of the number itself or significant events in Bitcoin’s history. For example, satoshis from block 477,120 that marked the activation of SegWit, or the last ordinal that will ever be mined, could potentially carry significant value for collectors. These satoshis are often referred to as “exotic,” and their classification is subjective.
Bitcoin Ordinals Wallets

Source: Ordinals Wallet
To mint and manage Bitcoin ordinals, users can utilize a variety of specialized wallets. The most popular options are Ordinals Wallet, Xverse Wallet, Hiro Wallet, and UniSat.
Ordinals Wallet is a dedicated Bitcoin ordinal wallet that allows users to create and transfer ordinals. The wallet uses an intuitive interface that simplifies the creation of ordinals, making it accessible even to those without technical expertise.
Xverse Wallet is another popular choice, offering a range of features beyond just ordinal management. The wallet supports multiple cryptocurrencies and allows for the creation of non-fungible tokens (NFTs) in addition to ordinals. Its intuitive interface and broad functionality make it a powerful tool for those looking to manage various digital assets.
Hiro Wallet is a highly secure, non-custodial wallet that supports the creation and management of Bitcoin ordinals. The wallet utilizes advanced security measures such as biometric authentication and two-factor authentication to ensure the safety of user funds.
UniSat is a decentralized platform that enables anyone to inscribe arbitrary data on the Bitcoin blockchain using ordinals. It also provides a marketplace where users can buy and sell these custom tokens, with prices determined by supply and demand. The platform is built on top of the Lightning Network, allowing faster and cheaper transactions than traditional Bitcoin blockchain transactions. With UniSat, users have full control over their tokens and can transfer them to any compatible wallet.
Relevance of Bitcoin Ordinals
Bitcoin ordinals have the potential to add significant value to the cryptocurrency ecosystem in several ways.
Auditing
Bitcoin ordinals can be used for auditing purposes, as they provide a transparent and immutable record of the order in which Bitcoin transactions occur on the blockchain. This can be useful for businesses and organizations that need to maintain accurate and reliable records of their financial transactions.
New financial products and services
Bitcoin ordinals can enable new types of financial instruments and contracts to be created on the blockchain. For example, Bitcoin ordinals can be used to create smart contracts that are triggered by specific Bitcoin transactions, such as the transfer of a certain amount of Bitcoin from one wallet to another. This can enable a wide range of new financial products and services to be developed on the blockchain.
Organization and analysis of BTC transactions
Bitcoin ordinals can provide a new way of organizing and analyzing Bitcoin transactions on the blockchain, which can lead to new insights and discoveries about the behavior of Bitcoin users and the overall health of the Bitcoin ecosystem.
Potential Use Cases for Bitcoin Ordinals
Supply chain management
By tracking the order of Bitcoin transactions on the blockchain, Bitcoin ordinals can provide a transparent and immutable record of the movement of goods and products along the supply chain. This can help to prevent fraud and counterfeiting, and can provide consumers with greater confidence in the products they are purchasing.
Digital identity
By assigning a unique ordinal number to each Bitcoin transaction, Bitcoin ordinals can provide a way of verifying the identity of individuals and entities that are engaging in Bitcoin transactions. This can be useful for preventing fraud and for complying with regulatory requirements related to KYC and AML.
Lending and borrowing
By tracking the order of Bitcoin transactions on the blockchain, Bitcoin ordinals can provide a way of verifying the creditworthiness of borrowers and the legitimacy of lenders. This can enable new types of peer-to-peer lending platforms to be developed on the blockchain.
DAOs and dApps
Bitcoin ordinals can be used for creating decentralized autonomous organizations (DAOs) and other types of decentralized applications (dApps). By providing a transparent and immutable record of the order of Bitcoin transactions on the blockchain, Bitcoin ordinals can provide a way of creating decentralized governance structures and decision-making processes.
Digital collectibles and non-fungible tokens (NFTs)
By assigning a unique ordinal number to each Bitcoin transaction, Bitcoin ordinals can provide a way of verifying the authenticity of digital assets and collectibles. This enables new types of digital art and collectibles to be created on the blockchain.
Pros of Bitcoin Ordinals
Increased transparency
By tracking the order of Bitcoin transactions on the blockchain, Bitcoin ordinals can provide a transparent and immutable record of the movement of funds. This helps to prevent fraud and other types of illegal activity, and can increase confidence in the Bitcoin ecosystem.
Increased efficiency
By automating the tracking and recording of Bitcoin transactions, Bitcoin ordinals help reduce the costs and time required for manual record-keeping and auditing.
Potential to enable new types of financial innovation
By providing a transparent and immutable record of the order of Bitcoin transactions, Bitcoin ordinals enable new types of financial instruments and contracts to be created on the blockchain. This can lead to new opportunities for investment, lending, and other financial services.
Cons of Bitcoin Ordinals
Privacy concerns
By tracking the order of Bitcoin transactions on the blockchain, Bitcoin ordinals reveal information about the parties involved in those transactions, which can raise privacy concerns.
Scalability
As the number of Bitcoin transactions increases, it may become more difficult and resource-intensive to track and record all of those transactions using Bitcoin ordinals. This could potentially lead to slower transaction processing times and higher costs for users.
Technical challenges and implementation issues
As with any new technology, there may be technical hurdles and implementation challenges that need to be overcome in order to successfully implement Bitcoin ordinals in the cryptocurrency ecosystem.
NFT Projects: Examples of Bitcoin Ordinals
TwelveFold By Yuga Labs

Source: Yuga Labs
TwelveFold is a project created by Yuga Labs, the same team behind the popular Bored Ape Yacht Club NFT collection. TwelveFold consists of 12 unique Bitcoin ordinals, each representing a different member of a fictional group called the “TwelveFold Society.” Each ordinal is associated with a specific character and storyline, which has been developed by Yuga Labs in collaboration with a team of writers and artists.
The TwelveFold ordinals are non-fungible and are stored on the Bitcoin blockchain. They can be bought and sold on various marketplaces and are considered rare and collectible. The project has been well-received in the NFT community, with some collectors and investors paying significant amounts to acquire one of the TwelveFold ordinals.
Ordinal Punks

Source: Ordinal Punks
Ordinal Punks is a project created by the same team behind CryptoPunks, one of the most popular and valuable NFT collections in the market. Ordinal Punks consists of 10,000 unique Bitcoin ordinals, each representing a different character or “punk.” The ordinals are stored on the Bitcoin blockchain and are considered rare and collectible.
Ordinal Loops

Source: Ordinal Loops
Ordinal Loops is a project created by artist and developer Sarah Zucker. The project consists of 1,000 unique Bitcoin ordinals, each representing a different looped animation. The ordinals are stored on the Bitcoin blockchain and are considered rare and collectible.
Taproot Wizards

Source: Taproot Wizards
Taproot Wizards is a project created by artist and developer Matt Kane. The project consists of 1,024 unique Bitcoin ordinals, each representing a different wizard. The ordinals are stored on the Bitcoin blockchain and are considered rare and collectible.
TimeChain Collectibles

Source: TimeChain Collectibles
TimeChain Collectibles is a project created by artist and developer Victor Mosquera. The project consists of 21 unique Bitcoin ordinals, each representing a different character or scene from Mosquera’s artwork. The ordinals are stored on the Bitcoin blockchain and are considered rare and collectible.
Debate: Are Bitcoin Ordinals considered NFTs?
There has been some debate in the crypto community surrounding whether Bitcoin ordinals should be considered NFTs. Some argue that Bitcoin ordinals meet the technical definition of NFTs, as they are unique digital assets created on a blockchain network. Others argue that Bitcoin ordinals are fundamentally different from NFTs, as they are primarily used for tracking the order of Bitcoin transactions and verifying the authenticity of digital assets.
Proponents of the argument that Bitcoin ordinals are NFTs point to the fact that each ordinal is unique and can be traced back to a specific Bitcoin transaction. They argue that this makes Bitcoin ordinals functionally similar to NFTs, which are also unique digital assets that can be traced back to a specific blockchain transaction.
On the other hand, critics of the argument that Bitcoin ordinals are NFTs point to the fact that the primary purpose of Bitcoin ordinals is to track the order of Bitcoin transactions and ensure their integrity, rather than to represent unique digital assets. They argue that while Bitcoin ordinals may meet the technical definition of NFTs, they are fundamentally different from NFTs in terms of their use cases and marketability.
BRC-20
BRC-20 tokens are a fungible token standard created for the Bitcoin blockchain. The standard is designed to allow users to inscribe JSON (JavaScript Object Notation) on the Bitcoin blockchain using the Ordinals protocol, which can be used to deploy token contracts to mint and transfer tokens.
History of BRC-20

Source: Twitter - @domodata
The BRC-20 token standard was first theorized by a developer named Domodata in March 2023. Domodata proposed using the Ordinals protocol to create a fungible token standard on the Bitcoin blockchain. The standard would allow users to inscribe JSON on Satoshis, the smallest unit of Bitcoin, and use them to create tokens that can be traded across transactions.
Is BRC-20 similar to ERC-20?
BRC-20 is similar to ERC-20 in that they are both token standards used on their respective blockchain networks. However, there are some key differences between the two. While ERC-20 is used on the Ethereum blockchain and allows for the creation of smart contracts, BRC-20 is used on the Bitcoin blockchain and does not support smart contracts. This limitation means that developers cannot create as wide a range of programmable tokens and financial products on the BRC-20 network as they can on the Ethereum network.
BRC-20 uses the Proof of Work (PoW) mechanism, whereas ERC-20 uses the Proof of Stake (PoS) mechanism. PoW requires miners to compete and solve complex mathematical problems to validate transactions and earn rewards, while PoS allows for validators to be chosen based on the amount of cryptocurrency they hold.
Despite these limitations, the BRC-20 token standard has still gained traction a few months after its launch.
BRC-20 Tokens

Source: BRC-20.io
Ordi
Ordi, the first token built on the BRC-20 standard for Bitcoin, was launched in early 2023. It was created to offer a viable alternative to Ethereum’s ERC-20 standard, allowing developers to create tokens that could take advantage of Bitcoin’s security and network effects. Ordi has gained significant traction and has seen its market capitalization increase steadily, with some exchanges listing it for trading, such as Gate.io.
Pepe
The second token to gain broad visibility was Pepe, a meme-based token that has seen a surge in interest among investors and traders. The token is based on the popular Pepe the Frog meme and has been described as a “collectible” asset. Despite its meme-based origins, Pepe has a significant following, with its market capitalization increasing significantly in recent months.
Meme and Piza
Meme and Piza are two tokens built on the BRC-20 standard that have gained popularity in the cryptocurrency community. Meme, as its name suggests, is a token based on internet memes, while Piza is a token that was created to represent the value of a pizza.
Conclusion
Bitcoin ordinals are a novel form of digital assets that have the potential to revolutionize the digital collectibles market. Stored on the Bitcoin blockchain, they offer a unique value proposition with potential use cases in various fields such as art, gaming, and entertainment.
While there is debate on whether they should be considered NFTs, their distinct characteristics and rarity make them valuable assets that are gaining attention in the cryptocurrency ecosystem.
Notable projects like TwelveFold by Yuga Labs, Ordinal Punks, Ordinal Loops, Taproot Wizards, and TimeChain Collectibles are leading the way in exploring the possibilities of Bitcoin ordinals. With the growing interest in digital collectibles and the increasing adoption of cryptocurrencies, Bitcoin ordinals are poised to become an integral part of the digital economy. With the advent of BRC-20 tokens, there is also a new market taking shape into the web3 and crypto sector.