$ORDI The same quantity as BTC, 21 million

Working mechanism

The creation and transfer of BRC-20 tokens are achieved through a mechanism called Ordinal Inscriptions.

This mechanism uses the ordinal theory on the Bitcoin blockchain to allow arbitrary data (including token information) to be "engraved" on specific Bitcoin Satoshis (the smallest unit of Bitcoin).

The Satoshis with inscriptions becomes a carrier that can represent a specific token.

Is it a second layer?

Although the ORDI and ORDinals protocols can be seen as extensions of Bitcoin's functionality to some extent, they do not fully meet the definition of a second-layer network in the typical sense.

ORDI is more accurately a supplement to the Bitcoin network, especially for innovative applications of asset tokenization and NFTs, rather than focusing on solving problems with transaction speed and cost. #Ordinals协议