What is ORDI?
The total number of bitcoins is 21 million, and 1 bitcoin can be divided into 100 million satoshis (satoshi is the smallest unit of bitcoin), totaling 210 trillion.
Ordi is the first and most valuable BRC-20 token on BTC. To understand Ordi, you first need to understand the inscription.
One of the important principles of the Ordinals protocol is "first come, first served". Whoever carves it first, it belongs to him. Anyone can deploy a contract on the Bitcoin chain through this protocol. If it goes out of the circle, it may double. If it doesn't go out of the circle, it's just an experiment.
Ordi directly led the trend of Ordinals protocol and became the main target of speculation. An recently announced the launch of spot and contract trading of BRC-20 token ORDI. As soon as the news came out, the price of Ordi skyrocketed.
Inscriptions are created by writing content to satoshi using the Ordinals protocol.
Inscription does not require the use of a separate token, sidechain, or changes to Bitcoin;
What the Ordinals protocol does is write information, such as text, pictures, audio, and video, to each satoshi.
Due to the limitation of Bitcoin block size, the main information engraved in inscribe (i.e. mint) is mainly text and pictures. , that is, in the form of NFT and token.
Since the inscription is created directly on the Bitcoin blockchain and cannot be tampered with, there is no project party. As long as Bitcoin does not disappear, the inscription will not disappear.
Who is the founder of ordi coin?
The founder of Ordi coin is Domo, the founder of Ordinals protocol is Casey, ORDI is the first token of BRC-20, and BRC-20 uses Ordinals protocol, and the founder of Ordinals protocol is Casey.
On March 9 this year, a Twitter user named Domo posted a BRC-20 protocol document based on Ordinals on Twitter. It is a counterpart to Ethereum's ERC-20 protocol and aims to explore the possibility of landing homogeneous tokens on Bitcoin.
The first Token ordi based on the brc-20 protocol was deployed by Domo on March 8 and was minted on March 10.
Soon, ordi transactions began to appear in the off-site market, and the transaction price was maintained at US$50/1000 ordi. Although BRC-20 is just an experiment and still has many imperfect functions, it has set off a frenzy of pursuit for it in the community.
The Ordinals protocol was created by software engineer Casey Rodarmor, and the Ordinals coin was officially launched on the Bitcoin mainnet on January 30, 2023.
The protocol defines an order for each satoshi (the smallest unit of Bitcoin) and uses Wenli Witness and Taproot technology to enable content to be "engraved" into the Bitcoin network and tied to specific units of sats (satoshis), enabling it to be transferred and traded.
The engraved content forms mainly include pictures, texts, videos and audios.
BRC-20 is a token standard proposed by Domo on March 9, 2023, based on the Ordinals protocol, which allows specific text to be engraved on the blockchain and treated as a token.
What is Ordi Coin?
Ordi is a cryptocurrency built on the BRC20 token standard. Ordi was initially just an experimental BRC20 token without any functions, but with the market hype and the new narrative of the Bitcoin ecosystem.
How to get Ordi on-chain
The exchanges that support BRC20 tokens on the Bitcoin blockchain are mainly Unisat and OKX Web3 markets, while Magic Eden is the main NFT market. To trade on the chain, you need to have a related wallet. Currently, Unisat, Xverse, and OKX Web3 wallets are the main ones.
