What are inscriptions? Inscription trading and Binance web3 wallet marketplace.
1 #Bitcoin consists of 100,000,000 satoshis (sats). Launched in January 2023, the Ordinals protocol allows users to write data to units of satoshis – the smallest bitcoin – with each inscription called Ordinal.
Inscriptions can contain different types of data such as text, video, code, images. It enables the type of data produced or desired to be stored to be written to Satoshi, stored, transferred and traded. The foundations of the concept of inscription are based on Bitcoin Ordinals.
Simply put, ordinals allow users to make individual satoshis unique by adding data to them. This process is known as “inscription”.
BRC-20 tokens are a type of inscription tokens mined on the Bitcoin blockchain through Ordinal protocols. It supports inscriptions in #Ethereum Virtual Machine (EVM).
As can be understood, there are many inscriptions on Bitcoin and Ethereum, which have the largest ecosystems. These may be new tokens to be released or they are supported by different projects.
The Binance Inscriptions Marketplace is a place where users can create their own inscriptions and trade over 60,000 inscription tokens, including BRC-20 tokens, Ethereum Virtual Machine (EVM) tokens, and more.
For example, $ORDI coin is a meme coin project that brings NFT functionality to the bitcoin blockchain.
You can easily access the marketplace and Ordinals from your Binance web3 wallet and carry out your buying and selling transactions.
