Each bitcoin consists of 100,000,000 Satoshi (sats). The #ordinals protocol makes it possible to identify each individual Satoshi and manipulate them with the additional data attached (through a process known as embossing).Ordinals has created another use case for bitcoin that goes beyond simple value transfer, making #Bitcoin NFT tokens a reality.Until recently, #NFT tokens were mainly minted and used on blockchains such as Ethereum, Solana and the BNB smart chain, however, the team in charge of Ordinals believes that non-exchangeable tokens also have their place on the Bitcoin blockchain, therefore, this led to the emergence of the Ordinals project.History has proven that changing part of the Bitcoin code is very difficult. This problem is mainly due to the decentralized network of nodes and developers who do not want to risk the security of the network. As such, Bitcoin NFT tokens have not gained as much traction. However, the growth of the cryptocurrency ecosystem has opened the doors to more innovative minds that consider the creation of NFT tokens for bitcoin as part of the future of web 3.As of February 2023, inscriptions using Ordinals exceeded 100,000, as users put photos, video games and other content on the network. We will see in the following how it works.What are Ordinals for bitcoinThe Ordinals protocol is a system for numbering Satoshi units so that each Satoshi unit is given a serial number and tracked through transactions. Simply put, Ordinals allows users to make individual Satoshi modules unique by attaching additional data to them, this process is known as "engraving".Satoshi-named after the pseudonymous creator of bitcoin Satoshi Nakamoto – is the smallest denomination of bitcoin (BTC). One BTC can be divided into 100,000,000 Satoshi units, which means that each Satoshi is equal to 0.00000001 BTC.Satoshi units are numbered based on the order in which they were minted and transported. The numbering scheme is based on the order of mining of Satoshi units, while the transfer scheme is based on the order of input and output of transactions. Hence the name Ordinals, which means"ordinal numbers".While traditional NFT symbols are similar to ordinal numbers in some ways, there are some key differences between them. NFT tokens are usually created using smart contracts on blockchains such as Ethereum, Solana, and the BNB smart chain, and sometimes, the assets they represent are hosted elsewhere. And, on the contrary, ordinal numbers are engraved directly on individual Satoshi units, which are then embedded in blocks on the Bitcoin blockchain chain. The ordinal numbers are located entirely on the blockchain and do not require a side chain or a separate token. In this sense, the inscriptions of ordinal numbers inherit the simplicity, stability, security and durability of bitcoin itself.Theory of arrangement and inscriptionsIn the context of bitcoin, the ranking theory is a proposed methodology for identifying each Satoshi via a serial number and tracking them in the total inventory of bitcoin, starting from its minting for the first time and up to the expiration of its transaction life. This process is referred to as "engraving". Thus, the inscriptions of ordinal numbers are digital assets, similar to NFT symbols, inscribed on Satoshi in the Bitcoin network. This process was made possible thanks to the taproot upgrade, which was launched on November 14, 2021. For this reason, the inscriptions of ordinal numbers do not require a side chain or a separate token.Since the theory of order allows tracking and transferring individual Satoshi units, it made it possible to collect them. Based on the total stock of bitcoin, the following ranks were determined to denote the scarcity of various Satoshi units:Rumor: any Satoshi other than the first Satoshi of its own mass (total inventory is 2.1 quadrillion).Uncommon: the first Satoshi of each block (total inventory 6,929,999).Rare: the first Satoshi of each difficulty adjustment period (total inventory 3,437).Epic: the first Satoshi after each halving (Total Stock 32).Legendary: the first Satoshi of each cycle* (total inventory 5).Fairy: the first Satoshi from the genesis block (total inventory 1).The cycle represents the period between the conjugations that occur when the halving and the difficulty adjustment coincide. Theoretically, this happens every 6 halves, but the first pairing has not yet happened (it is expected in 2032).Advantages and disadvantages of Ordinals Ordinals has created another use case for the Bitcoin network that goes beyond simple value transfer. However, the Ordinals protocol has been met with controversy because it raises a fundamental problem among members of the bitcoin community. On the one hand, there is a category that believes that the relative simplicity of bitcoin should be preserved in its restrictions on the storage and transfer of value, and on the other hand, there is a category that believes that bitcoin should evolve to include new features and use cases.Patterned Satoshi units are now competing for block space with regular BTC transactions, increasing network fees. This has caused some controversy in the bitcoin community, but some Ordinals supporters argue that this could be positive as the fees represent a crucial incentive for miners to secure the blockchain. And in the future, as block rewards dwindle over time, network fees will become the primary incentive for allocating the hash power of bitcoin. It seems that the cryptocurrency community is divided on the topic, but the project certainly brought innovation to the bitcoin sphere.Final thoughtsOrdinals is changing the world of blockchain art by providing a completely new way to store information for bitcoin transactions. It adds an additional benefit and has led to an increase in the number of non-zero bitcoin addresses to an all-time high. We are witnessing a unique moment in the history of bitcoin, where innovation generates network activity that goes beyond the typical use cases of investment and cash transfer. Does this mean that Ordinals will continue to grow Not necessarily. We'll have to wait and see.What is Taproot and how will bitcoin benefitTaproot is an upgrade to the Bitcoin network, implemented on November 14, 2021. In addition to Schnorr's signatures, Taproot is one of the most important and highly anticipated technological upgrades for bitcoin since the introduction of SegWit. Taproot's goal is to change the way bitcoin scripts work to improve privacy, scalability, and security. These and many other advantages will be achieved by combining Taproot and The Associated promotion called Schnorr signatures.Anyone familiar with the cryptocurrency community knows that privacy, scalability and security are the main concerns. While bitcoin is the most popular digital currency in the world, these problems still need to be solved. The taproot upgrade aims to achieve this solution.Bitcoin has experienced ups and downs, but it has proven to be the anchor that maintains the status of digital currencies. Regardless of the problems that have arisen over the years, such as the Mt Gox hack. Or the notorious bitcoin chain splits, the cryptocurrency community has supported bitcoin.But there are some problems that cannot be overlooked – the biggest one is the problem of privacy. Since bitcoin represents a public blockchain, anyone can monitor the transactions taking place on the network. This is a major concern for some.It is possible to increase your anonymity through techniques such as currency blending and coinjoins. But, unfortunately, none of these technologies make bitcoin a special currency. While this does not apply to the taproot upgrade, it may help increase anonymity on the network. The taproot upgrade was widely anticipated as a major first step towards solving bitcoin's lack of privacy and other related concerns. On November 14, 2021, Taproot was activated on the Bitcoin network after approval from miners around the world. #ordinals #BinanceSquare. #Binancefeed

The company built by "CZ" will be managed by the head of regional markets, after the US Department of justice prevented the former CEO of Binance from staying in his post."Binance" appointed the head of the Department of regional markets located outside the borders of the United States, Richard Ting, as the new CEO of the company. The change follows the resignation of the company's founder and former CEO, Changping Zhao, who pleaded guilty to charges brought against him by the US Department of Justice.As "Cointelegraph" reported earlier, both "CZ" and Binance agreed to make a deal with the Ministry of justice that includes pleading guilty to alleged violations related to the fight against money laundering. The agreed settlement will cost 4.3 billion dollars, and "CZ" will be banned from working as an executive at any other crypto company. "CZ" will also be subject to a fine of 50 million dollars.On the other hand, "CZ" will not have to give up his stake in the company and it seems that he will not spend any time in prison.Former CEO Zhao confirmed Teng's promotion through a post on the "X" platform, which coincided with the beginning of a press event of the Ministry of Justice announcing the measures taken against Binance. Commenting on recent developments, Zhao wrote:"With over three decades of financial services and regulatory experience, I believe Richard is well qualified to lead the company through its next period of growth. Richard will do everything he can to ensure that Binance has sufficient security, transparency, compliance and growth during the next stage"."Ting" was also published on the "X" platform about 15 minutes after the start of the press event held by the Ministry of Justice.It is an honour and with the deepest humility that I step into the role of Binance’s new CEO.We operate the world's largest cryptocurrency exchange by volume. The trust placed on us by our 150m users and thousands of employees is a responsibility that I take seriously and hold dear.With CZ, and our leadership team’s support, I have accepted this role so that we can continue to meet and exceed the expectations of stakeholders while achieving our core mission, the freedom of money.The foundation on which Binance stands today is stronger than ever.To ensure a bright future, I intend to use everything I’ve learned over the past three decades of financial services and regulatory experience to guide our remarkable, innovative, and committed team.My focus will be on:1) reassuring users that they can remain confident in the financial strength, security and safety of the company2) collaborating with regulators to uphold high standards globally that foster innovation while providing important consumer protections3) working with partners to drive growth and adoption of Web3We are here to stay. Please lend me your support. Excited for the days ahead!In his first public statement as CEO, Teng sought to reassure Binance users and establish a clear path after today's events, as Teng identified three areas for the company to focus on under his management, starting with "reassuring users and confirming that the company's financial capability and its security and safety standards are still trusted.#RichardTeng #hodl #Blast #BinanceSquare. #Binancefeed

Worldcoin Price Spikes 26% After OpenAI CEO Departure, Is #WLD Surge Shortlived? The price of Worldcoin’s WLD token surged 26.5% this week to a high of $2.65, sparked by the high-profile departure of OpenAI CEO Sam Altman. Altman was recently ousted from the artificial intelligence research company and holds an advisory role with Worldcoin developer Tools for Humanity.The abrupt rally left many investors wondering what exactly prompted WLD’s breakout. On-chain analyst Lookonchain noted large deposits of WLD to exchanges just before the spike, indicating potential insider knowledge. Over 1.83 million WLD worth $4.47 million was moved in the span of 7 hours.Reasons for Worldcoin rally remain uncertainWhile the reasons for the rally remain uncertain, Worldcoin’s ties to Altman appear to be a key factor. Altman’s forced resignation from OpenAI made headlines in tech circles this week.As an advisor to Worldcoin, his shift away from OpenAI may have fueled speculation around increased involvement with the #cryptocurrency project.Some perceive Altman’s departure from OpenAI positively for Worldcoin, believing it could mean more time dedicated to Tools for Humanity. This renewed confidence in Worldcoin’s technology and development team may be buoying the price.Launched in 2021, Worldcoin aims to distribute crypto globally while verifying users’ unique human identity through iris scans. The futuristic initiative hit roadblocks due to privacy concerns over the iris scanning.But with Altman’s OpenAI exit, investors may anticipate a reboot at WLD. The 26% price jump could represent bets on Altman devoting his iconic startup experience to realizing Worldcoin’s ambitious vision.At the same time, Worldcoin’s underlying technology and use cases remain largely conceptual. The token is not yet widely used and could simply be riding the coattails of Altman’s fame thus far.However, the rally seems shortlived as the price plummeted from its 24-hour high by 6.7%. CoinGecko data shows that WLD is trading at $2.28 at press time.$WLD #WLD #BinanceSquare. #Binancefeed

Worldcoin (WLD), the token of Sam Altman’s retina-scanning project of the same name, saw major volatility over the past few days as he was ousted from OpenAI, reported to be in talks to make a return before finally being replaced. #WLD saw a Nov. 16 high of $2.48 before starting a slide that accelerated after Altman was outed by OpenAI late on Nov. 17 in the United States which saw it drop to a low of nearly $1.84, according to CoinGecko data.It bounced back, surging 12% over the past 24 hours to reach an intraday high of $2.54 during Monday morning Asian trading then again dropped to $2.30 after Altman was replaced as CEO by Twitch co-founder Emmett Shear.Seven-day WLD price. Source: CoinGeckoAltman co-founded Worldcoin which launched in July. While the project is separate from OpenAI, WLD’s initial rebound came after reported efforts by a group of OpenAI executives and investors to reinstate Altman as CEO of the artificial intelligence firm.Worldcoin is a digital identity platform with ambitions to build a World-ID and financial system using retina scanning technology to authenticate humans amid a rise in AI technology.Related: A timeline of Sam Altman’s outing from OpenAIWorldcoin’s launch polarized the crypto community who raised questions about its centralization, privacy, and security.AI-related crypto assets have been outperforming over the past 24 hours, with the market capitalization of AI-related tokens notching a 7.2% rise to $6.5 billion with tokens such as Fetch (FET), SingularityNET (AGIX), and Akash Network (AKT) notching up double-digit gains according to CoinGecko.Magazine: AI Eye — Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employees$WLD #WLD #BinanceSquare. #Binancefeed

Understanding market sentiment can be a powerful tool for investors. Reading the mood of where the market is heading can allow you to capitalise from the changing direction. So, what is market sentiment and how do you trade it?In the short run the market is a voting machine, but in the long run it is a weighing machine,’ – Benjamin Graham, renowned investor regarded as the father of value investing.How do you feel about financial markets – do you think they will rise or fall in the future? If you can answer that question, then you already understand what your personal sentiment is toward financial markets, whether you trade stocks, foreign exchange or another security.Financial markets are fuelled by emotion and this is one of the main reasons investors can find opportunities to trade. Take stocks for example, one of the key reasons share prices do not necessarily match the company’s book value is because investors are reading beyond the fundamentals of the business and pricing in their sentiment, which can be influenced by all manner of things.This shows the importance and impact of sentiment on markets, but also highlights the need to blend it with other measures such as technical analysis or fundamental analysis.Understanding market sentiment is one thing, but trading it is another. Evaluating market sentiment as part of your trading strategy is only worthwhile if you can use it to get ahead of the game and can make trades before the rest of the market. There is a big difference to how the market feels now and how it feels about the future, and only the latter provides investors with a trading opportunity. In simple terms, you have to use market sentiment to identify trends and join the bandwagon before it’s too late and you’re left trading securities as they top or bottom-out.So, how do you track the sentiment toward markets and how do you trade it?What is market sentiment?Market sentiment represents the mood of financial markets and the general feeling among traders, whether they trade foreign exchange, the stock market or anything else. Understanding sentiment allows you to judge whether a market is feeling optimistic or pessimistic about the future of prices of a security, such as a stock or currency, for example.If the market is feeling positive and optimistic about the outlook then this is referred to as bull market, and a pessimistic market that expects prices to fall is referred to as a bear market.Gauging market sentiment, however, is tricky. Attitudes and the outlook of a market are both shaped by anything and everything, therefore investors need to spread a wide net to ensure they are informed as much as possible about the ever-evolving market they trade.In addition, while the majority of the market will lean one way or another, every participant holds their own view on why the market is performing the way it is and where it is heading next. While the opinion of the majority often dictates the overall sentiment toward a market, there are the likes of contrarian investors who bet against the dominating sentiment – when the market is optimistic a contrarian will take a pessimistic view, for example.Market sentiment is demonstrated through price movements of the security in question. If prices are on the rise, then this is indicative of a bullish market. Whereas prices on the decline point toward bearish sentiment.Sentiment will differ depending on the market, and in some cases often correlate with one another. When bullish sentiment starts to surface in one market, bearish sentiment can emerge in another, or vice-versa.Take safe-havens as an example, like gold. When equities are on the decline the price of gold is often on the rise, as investors look to plough their money into a commodity that can hold its value, rather than risking their capital on uncertain stock markets, before reversing when equities pick back-up as money shifts from one to the other. A large part of using market sentiment to trade is being able to read when a market is about to turn, which is where fear and greed come into play.#marketsentiment #binancefeed #BinanceSquare.

BRC-20 tokens, commonly known as Ordinals, are experiencing major upward momentum as Bitcoin breaks past the $39,000 level. #ORDI. the biggest of the BRC-20 tokens, is pulled up by BTC’s rally. According to CoinGecko, ORDI is up nearly 36% since yesterday, and currently trading at $39.56, it’s new all-time highThis recent price action places ORDI under the limelight, putting enormous pressure on the bears while giving big gains for the bulls.$39K Barrier Broken: What’s Next? The market is encountering a slight rally with Bitcoin gaining momentum on the legal side of things. The US Securities and Exchange Commission (SEC) has been eyeing the approval of a spot Bitcoin exchange-traded fund (ETF), giving traditional investors a safer avenue to invest in crypto. Crypto-related stocks also experienced a big jump in price, with names like Clean Spark (CLSK) and Iris Energy (IREN) making headlines. Michael Saylor’s Microstrategy is also up nearly 6% on the daily timeframe.Ordinals, on the other hand, are following suit. Coingecko’s BRC-20 index shows a nearly 40% increase in price in the past 24 hours.Although no major developments have followed Ordinals in the past few months, Bitcoin’s most recent rally gives the bulls a lot of hope for a continuous rally.ORDI (ORDI) price forecast for 2023-2030 yearsWith the volatility of the cryptocurrency market, everyone is curious about its direction and price ORDI, both in the short and long term.ORDI meme currency: what is it and what is its project in simple languageORDI coin-is a digital meme currency specific to the Ordinals protocol, which contributes to providing a more secure and decentralized trading environment, and providing the opportunity for cryptocurrency lovers to invest, trade and take advantage of farming and storage services in liquidity pools to achieve passive income, in a trading environment similar to bitcoin trading environment.What is the ORDI meme currency projectThe Ordinals protocol is a decentralized project built using blockchain technology and the BRC-20 standard on the Bitcoin network, and therefore it has the same importance as Bitcoin, especially in terms of protection and digital encryption.The Ordinals protocol was launched in January 2023 by Casey Rodarmor Casey Rodarmor, a technology owned by Ordinals that allows the minting of non-exchangeable tokens with a Satoshi unit without the need for a side Network, these tokens are characterized by being immutable and remain forever preserved on the Bitcoin blockchain.Everyone knows that most of the data describing NFTs codes in other networks, such as Ethereum and Solana, can be changed if they are hosted in a central database, as for digital currencies that are minted using the Ordinals protocol on the Bitcoin network, no one will be able to change them since the data is stored on the blockchain itself.#ORDI. #TIA #Airdrop #binancefeed #BinanceSquare.