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What are Ordinals? Bitcoin NFT Overview
Summary
Each Bitcoin consists of 100 million satoshis. The Ordinals protocol enables each satoshi to be identified and transacted with attached data (a process known as logging).
Beyond simple value transfers, Ordinals create another use case for Bitcoin, making Bitcoin NFTs a reality.
Introduction
Until recently, NFTs were primarily minted and used on blockchains such as Ethereum, Solana, and BNB Smart Chain. However, the team behind Ordinals believes that non-fungible tokens also deserve a place on the Bitcoin blockchain. This prompted the launch of the Ordinals project.
Each Bitcoin consists of 100 million satoshis. The Ordinals protocol enables each satoshi to be identified and transacted with attached data (a process known as logging).
Beyond simple value transfers, Ordinals create another use case for Bitcoin, making Bitcoin NFTs a reality.
Introduction
Until recently, NFTs were primarily minted and used on blockchains such as Ethereum, Solana, and BNB Smart Chain. However, the team behind Ordinals believes that non-fungible tokens also deserve a place on the Bitcoin blockchain. This prompted the launch of the Ordinals project.
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