📙 ORDINALS 101 kit 📙
Everyone keep talking about ordinals, so I am back :D to let you know everything and so you have your tools ready to get in.

What do you ned to start?

You just need:
● Bitcoin (you can send from Binance)
● An ordinal wallet (careful with the 2 type of addresses like taproot)! *
● Ordinal Marketplace**
● Mempool (to see status of your transactions)**

*Note 1: Legacy and Taproot addresess
It's crucial to highlight that when dealing with Bitcoin and Ordinals, understanding the distinction between legacy addresses and taproot addresses is key. Typically, the addresses you'll be utilizing for ordinal transactions fall under SegWit and/or Taproot (an example of their appearance is shown in the accompanying image). Being mindful is essential because using them incorrectly might result in the platforms interpreting your ordinals as regular sats, leading to potential loss of your digital artifacts.

You have 2 type of addresses (in this case, we are using XVERSE example):

1- Your BITCOIN address (where you send bitcoin to pay fees and buy ordinals)
2- Your ORDINALs address aka taproot (where you receive or from where you send your inscriptions). Starts with bc1

NOTE 2. Useful references
References for your 101 ordinal kit.

💼WALLETS
UNISAT
ORDINALS WALLET
●XVERSE (download as app)
●LEATHER

🛒ORDINALS MARKETPLACE

Magic Eden
Ordinals wallet
Unisat
Mempool.space

P.S. Unfortunately, I can't include links, but each of these projects has its dedicated X/Twitter account. Make sure to verify using the correct tag.
P.S.2. I've organized a handy ordinal library pin on my X/Twitter account, gathering various information with accompanying resources. The handle is identical to this one. Drop a greeting in the comments if you spot it from here! 😄

#btc #bitcoinordinals #ordinals #Ordinal

The Ordinals protocol introduces a unique system for numbering satoshis, assigning each satoshi a serial number, and tracking them across transactions. In essence, ordinals enable the individualization of satoshis by appending additional data, a process known as 'inscription.'
A satoshi, named after Bitcoin's pseudonymous creator Satoshi Nakamoto, represents the smallest unit of bitcoin (BTC), divisible into 100,000,000 satoshis, with each satoshi valued at 0.00000001 BTC.
Satoshis receive numerical designations based on the order in which they are mined and transferred. The numbering scheme relies on the mining order, while the transfer scheme depends on the order of transaction inputs and outputs, hence the term 'ordinals.' The first satoshi in the initial block holds the ordinal number 0, followed by the second with ordinal number 1, and so forth. According to ordinal theory, these numbers serve as stable identifiers for the attached data.
While traditional NFTs share similarities with ordinals, there are key distinctions. NFTs are typically created using smart contracts on platforms like Ethereum, Solana, and BNB Chain, with the assets they represent often hosted elsewhere.
In contrast, ordinals are directly inscribed onto individual satoshis, integrated into blocks on the Bitcoin blockchain. Ordinals exist entirely on the blockchain, avoiding the need for a sidechain or separate token. In this way, ordinal inscriptions inherit the simplicity, immutability, security, and durability inherent in Bitcoin itself.
#webgtr #bitcoinordinals #BTC #etf #ETH

It's still not very busy going forward, but.. it's likely to be bustling with NFTs and great features.

🔸 Details : https://academy.binance.com/en/glossary/ordinals?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial

💎Order of Bitcoin Wallet : https://ordinalswallet.com/wallet

💎 Ordinal Bitcoin Marketplace : http://ordswap.io/

💎Ordinal Bitcoin Bridges : https://sideshift.ai/

#BTC #Binance #bitcoinordinals #keepbuilding

#Bitcoin is back and it’s bigger than ever. You know why? Because it has #NFTs now. Yes, you heard me right. NFTs on Bitcoin. They are called Ordinals and they are the next big thing. #nftcommunity

For the last two years, everyone was hyping up smart contract blockchains. They were saying they are the future and they can do everything. They were saying you can make money with them by staking and DeFi and all that stuff. They were saying you can create and collect digital art with them by using NFTs.

But guess what? Bitcoin can do all that too. And better. Because it’s Bitcoin. It’s the OG. It’s the most trusted, secure, and decentralized cryptocurrency out there.

A few weeks ago, Ordinals started popping up on Bitcoin and they blew everyone’s mind. They are NFTs that you can mint directly onto the Bitcoin blockchain using data inscribed on each satoshi. That’s insane.

People who used to ignore or hate on Bitcoin suddenly realized what they were missing out on. They started flocking back to Bitcoin like crazy.

This is what we have been saying all along: whatever happens on other blockchains will eventually come back to Bitcoin and it will be better on Bitcoin

The Shocking Reason Why Ordinals Matter More Than You Think

Let me ask you something. Why do you think Ordinals are so important? Why do you think people are going crazy over them?

It’s not because they are new or cool or trendy. It’s because they are on Bitcoin. That’s right. Bitcoin. The one and only. The original gangster. The one that started it all.

Think about it. If you had a choice between two houses by the beach, which one would you pick? One that is nice but in a cold and rainy place like Ireland? Or one that is amazing and in a sunny and beautiful place like Hawaii? Bitcoin is Hawaii, baby.

Bitcoin is the best blockchain out there. It’s the most trusted, decentralized, and secure one. It has a fixed supply and a predictable inflation rate. It’s the king of crypto. Everything on Bitcoin becomes more valuable. Including Ordinals.

That’s why people want them so bad. That’s why they are willing to pay top dollar for them. Because they know they are getting something special on Bitcoin." #bitcoinordinals

How Ordinals Are Breaking All the Rules of NFTs

You need to understand that Ordinals are not your typical NFT. They are way more badass and complicated than that. They are harder to make, which means they are harder to get. And you know what that means? More value for those who get in early. Ordinals are tied to a specific Satoshi, which is like the smallest unit of Bitcoin. That’s why some crazy folks are paying tons of Bitcoin for one Satoshi.

Now, you might be thinking: what about those other NFTs on other blockchains, like crypto punks or BAYC? Aren’t they valuable because they are scarce? Sure, they are. But that’s not how we roll in Bitcoin land. We don’t care about scarcity alone. We care about issuance.

Issuance means when and how an Ordinal was created. The first 10,000 Ordinals will always be the most sought-after ones. It doesn’t matter what project they belong to. It matters when they were born. And it also matters what happened in Bitcoin history when they were born.

Maybe an Ordinal was created during the Bitcoin halving, or when a big round block number was mined, or when BTC hit $100k (which it will). Maybe some of the most epic Ordinals were linked to the OG himself, #SatoshiNakamoto (whoever he is). The possibilities are endless.

The bottom line is this: Bitcoin is all about the issuance and so are Ordinals.

How Ordinals Could Solve Bitcoin’s Biggest Problem

Ordinals are not just cool and valuable. They are also game-changers for Bitcoin. For a long time, Bitcoin was boring and stagnant. Some of the big shots in the space were too scared to try new things or mess with the status quo. They were happy sitting on their piles of money and watching Bitcoin go up and down.

But that’s not what Bitcoin is about. Bitcoin is about innovation and experimentation. It’s about pushing the boundaries and creating new possibilities. That’s what it used to be like back in the day, when Bitcoin was where all the action was happening. Maybe we can go back to that. Maybe Ordinals can spark that fire again.

The Bitcoin ecosystem is already more lively and fun than before. People are talking about Ordinals, trading them, collecting them, creating them. And you know what else? Ordinals could also solve one of the biggest problems for Bitcoin: miner incentives.

When the Bitcoin halving reduces the block reward to almost nothing, how will get paid? Well, maybe they can get paid with Ordinals. Maybe they can create and sell unique Satoshis that are linked to their blocks or transactions or events.

What do you think? Do you think Ordinals are the next big thing for Bitcoin?

Magic Eden, the non-fungible token (NFT) marketplace, announced on Monday the launch of its Bitcoin marketplace, offering its familiar user experience and the first audited, secure marketplace for Ordinals.

The move is part of Magic Eden’s multichain journey, as the marketplace has already built marketplaces on Solana and Polygon and is planning a more concerted entry into Ethereum.

The decision to support Bitcoin is driven by several key factors, including getting back to the roots of the blockchain and exploring emerging markets, delivering the best marketplace experience on chain, partnering with wallets Hiro and Xverse to bring a familiar wallet transaction experience onto the marketplace, and supporting the Bitcoin culture of trust, security, and decentralization.

The marketplace was built within a month, culminating in a hackathon in California with over a dozen developers. Magic Eden aims to empower creators and collectors by providing them with the tools and infrastructure they need to succeed. The marketplace challenges the status quo and showcases Magic Eden’s ability to overcome technical barriers, providing an intuitive and familiar interface for users to buy, sell, list, and bid on collectibles.

While launching with a secondary collectibles platform, Magic Eden has already received enormous demand to provide a Launchpad to deliver inscription services directly to creators. The marketplace is actively looking into the development of an on-chain, permissionless royalty standard and is committed to working with creators and the greater community.

The move to support Bitcoin aligns with Magic Eden’s mission to promote the benefits of collectibles and blockchain technology while remaining true to the principles that underpin the technology. To help push the ordinal ecosystem forward, Magic Eden plans to open source key pieces of its marketplace infrastructure in the near future. The marketplace wants to do its part and share the discoveries it has made to help this space flourish.

Overall, Magic Eden’s decision to launch its Bitcoin marketplace shows its commitment to innovation and its ability to adapt to emerging markets. The marketplace is not only expanding its reach but also contributing to the growth of the ordinal ecosystem by providing a secure and audited marketplace for collectibles. As the first major marketplace on Bitcoin, Magic Eden is paving the way for others to follow and continues to be at the forefront of the NFT marketplace industry.

#MagicEden #NFT #bitcoinordinals #BitcoinNFT #azcoinnews

This article was republished from azcoinnews.com

Former US President Donald Trump recently announced his foray into the exciting world of non-fungible tokens (NFTs) by unveiling plans to launch an exclusive collection on the Bitcoin Ordinals platform. The move marks a new milestone in the intersection between politics and emerging technology.NFTs, or non-fungible tokens, are unique digital assets that use blockchain technology to attest to their authenticity and ownership. Donald Trump's choice to use the Bitcoin Ordinals platform for this venture reflects the growing popularity of this specific blockchain in the NFT ecosystem.Donald Trump's NFT collection will include a series of digital artworks, exclusive videos and perhaps even never-before-seen audio recordings of his most memorable political speeches. Supporters and collectors will thus have the opportunity to own a piece of recent political history in the form of unique digital assets.However, this announcement did not come without arousing varied reactions. Some welcome the innovation and democratization of digital art that this initiative represents, while others raise questions about the merger between politics and speculation in digital assets.The involvement of public figures in the NFT space is not new, but the involvement of Donald Trump adds a particular dimension to this trend. It also highlights how blockchain technology and NFTs continue to transcend traditional boundaries and attract the attention of influential figures.While the launch date for Donald Trump's NFT collection on Bitcoin Ordinals remains to be confirmed, there is no denying that this initiative will help spark more discussion about the intersection between politics, technology, and digital art. It remains to be seen how this foray into the world of NFTs will influence the media and political landscape in the months to come.And you what do you think about this?Don't forget to like and follow me 😊#TrendingTopic #bitcoinordinals #political #donaldtrump

Bitcoin: A Comprehensive Guide to the World's First Cryptocurrency

Bitcoin is a digital currency that was created in 2009 by an unknown person using the pseudonym Satoshi Nakamoto. It is a decentralized form of currency that operates independently of central banks and governments. Bitcoin uses a peer-to-peer network to facilitate transactions and is stored on a blockchain, a public ledger that records all Bitcoin transactions.

Bitcoin's popularity has grown significantly in recent years, with its market capitalization reaching over $1 trillion in 2021. In this article, we will take a closer look at what Bitcoin is, how it works, and its potential implications for the future of finance.

What is Bitcoin?

Bitcoin is a digital currency that is created and held electronically. It is decentralized, meaning it is not controlled by any central authority, such as a government or financial institution. Bitcoin is also known as a cryptocurrency because it uses cryptography to secure transactions and control the creation of new units.

How Does Bitcoin Work?

Bitcoin transactions are verified by network nodes through cryptography and recorded in a public ledger called a blockchain. The blockchain is a decentralized database that records all Bitcoin transactions, and it is maintained by a network of computers around the world.

To send or receive Bitcoins, users must have a Bitcoin wallet, which is a digital wallet that stores the user's private keys, which are used to access their Bitcoin address and sign transactions. Bitcoin wallets come in various forms, including desktop wallets, mobile wallets, and hardware wallets.

When a user wants to send Bitcoins to another user, they broadcast the transaction to the Bitcoin network. The network nodes then verify the transaction and add it to the blockchain. Once the transaction is confirmed, the Bitcoins are transferred from the sender's wallet to the receiver's wallet.

Bitcoin Mining

One unique aspect of Bitcoin is that it is created through a process called mining. Bitcoin mining is the process of adding transaction records to the blockchain by solving complex mathematical equations. Miners use specialized computer hardware and software to solve these equations, and they are rewarded with newly created Bitcoins for each block they add to the blockchain.

The mining process is designed to be difficult so that the number of new Bitcoins created each day is limited. The number of Bitcoins created each day is halved every four years, which is known as the Bitcoin halving.

Bitcoin's Limitations

While Bitcoin has many advantages over traditional currencies, it also has some limitations. One of the biggest limitations is that it can be slow and expensive to use for small transactions. This is because the blockchain can only process a limited number of transactions per second, and the fees for transactions can be high during times of high demand.

Another limitation of Bitcoin is that it is not widely accepted as a form of payment. While more and more businesses are starting to accept Bitcoin, it is still not as widely accepted as traditional currencies.

Bitcoin's Potential Implications for the Future

Bitcoin has the potential to transform the world of finance in many ways. One of the most significant implications of Bitcoin is that it allows for truly borderless transactions. Because Bitcoin is decentralized, it can be sent anywhere in the world without the need for a bank or other financial institution to facilitate the transaction.

Bitcoin can also be used to provide financial services to people who do not have access to traditional banking services. This is because Bitcoin does not require a bank account or credit check to use.

Another potential implication of Bitcoin is that it could disrupt the traditional financial system. Because Bitcoin is decentralized and not controlled by any central authority, it could challenge the dominance of banks and other financial institutions.

Conclusion

Bitcoin is a digital currency that is decentralized and operates independently of central banks and governments. It uses a peer-to-peer network to facilitate transactions and is stored on a public ledger called a blockchain. Bitcoin has the potential to transform the world of finance

#bitcoindifficulty #bitcoindifficulty #bitcoinordinals

📙 Kit to start in ORDINALS 📙
Everyone talks about ordinals, so I'm back :D to tell you everything and so you have your tools ready to go.
What do you need to get started?
You only need:
Bitcoin (you can send from Binance)An ordinal wallet (be careful with 2 types of addresses like taproot)! *Ordinals Market**Mempool (to see the status of your transactions)**
*Note 1: Different type of addresses
It is crucial to note that when dealing with Bitcoin and Ordinals, it is essential to understand the difference between legacy addresses and taproot addresses. Typically, the addresses you will use for ordinal transactions are located under SegWit and/or Taproot (an example of what they look like is shown in the attached image). Being aware is essential, as using them incorrectly could cause platforms to interpret your ordinals as normal sats, which could result in the potential loss of your digital artifacts.

- The Bitcoin Ordinals site faced a DDoS attack, causing a crash, which is ironic given Ordinals' criticism for spamming the Bitcoin network.
- Casey Rordamor, the creator, labeled it a DDoS, but critics like Luke Dashjr highlight Rordamor's own network "spamming."
- Dashjr's comparison of Ordinals to a heinous act intensified the already heated debate.
- Despite backlash, the Ordinals site is back up, adding more entries to the network.
- Bitcoin's network congestion worsens, with over 370,000 unconfirmed transactions and soaring fees, exacerbating the "spam" scenario.

Certainly, here's an alternative text broken down into paragraphs:
Recently, the Bitcoin Ordinals' classification as "spam" triggered a heated debate on Twitter. Almost instantly, factions emerged among developers and enthusiasts, and the exchanges of verbal jabs have persisted since.
However, a surprising twist unfolded this week. The Bitcoin Ordinals website encountered its inaugural spam attack since its inception, resulting in widespread derision and ridicule from the "anti-Ordinals squad."
The Ordinals' Website faced a Massive Crash. On December 27, a Distributed Denial of Service (DDOS) attack struck the Bitcoin Ordinals website, leading to a complete blackout. In essence, DDOS attacks inundate a network with requests, overwhelming it and causing it to cease functioning.
This attack drew comparisons from critics who likened it to the impact Ordinals supposedly exert on the Bitcoin network. The irony was glaring, and detractors swiftly capitalized on it, reigniting the contentious debate.
Casey Rordamor, the creator of Bitcoin Ordinals, broke the news of the attack through a tweet, expressing bewilderment at the unprecedented crash since the website's launch.
Critics didn't hold back. Luke Dashjr, the Bitcoin core developer central to the pro versus anti-Ordinals discourse, seized the opportunity to question Rordamor's portrayal of the crash as a DDOS attack. Dashjr highlighted Rordamor's alleged hypocrisy, referencing previous arguments wherein he justified Ordinals as long as miners processed ordinal transactions.
Dashjr's criticism extends further. He once likened Ordinals on the Bitcoin network to a sensitive issue, comparing it to a now-deleted Twitter thread where he paralleled the concept to a distressing analogy.
Despite the website's restoration and the continuous inscription of ordinals on the network amid the criticism, Bitcoin's "spam" issue persists. The mempool holds over 370,000 unconfirmed transactions, causing fees to surge drastically for both standard and high-priority transactions.
Disclaimer: While aiming for accuracy, Voice of Crypto absolves itself from any potential misinformation. Cryptocurrencies are highly volatile assets, necessitating thorough research before making financial decisions.

#Bitcoin #BTC #Ordinals #bitcoinordinals #BitcoinETF

Torano, a service modelled after Bitcoin ordinals, faced a critical situation when it nearly crashed TON, the blockchain it operates on.The TON blockchain struggled, managing a mere 1 transaction per second, a drastic contrast to its capacity of processing 100,000 transactions per second.The crisis forced Torano to halt its minting process, and several widely-used TON wallet services had no choice but to cease operations temporarily.The emergence of services akin to Bitcoin ordinals has sparked a heated debate within the developer community, leaving opinions divided on whether these developments are a newfound concern or a beneficial advancement.

Recent revelations by Luke Dashjr, a Bitcoin core developer, stirred controversy within the cryptocurrency sphere. Dashjr highlighted a vulnerability within the Bitcoin network, asserting that ordinals and blockchain "inscriptions" persisted due to an existing bug, leading to network congestion.
Surprisingly, shortly after this disclosure, the TON blockchain faced near-collapse following a significant slowdown in transaction processing this week, instigated by a new ordinals-inspired project's launch on TON.
Background on TON and Torano: Torano, a recently introduced service on TON, mirrors Bitcoin inscriptions by enabling users to create inscriptions complying with the TON20 token standard. Launched this week, Torano garnered immense popularity among TON users, who actively created and shared inscriptions, mimicking the surge seen in Bitcoin.
This sudden spike in activity echoed Bitcoin's experience, congesting the TON blockchain and drastically slowing transaction processing to less than 1 transaction per second, a stark contrast from its previous capacity of around 100,000 transactions.
The subsequent backlog escalated, with over 2.5 million pending transactions by Thursday, forcing Torano to temporarily halt minting, citing "user experience" issues.
TON Struggles and Technical Challenges: In response to the congestion, prominent TON wallet services like Tonkeeper suspended operations. Technical reports hinted at Torano contributing to the problem, aggravated by inadequate validator nodes and hardware incapability.
The network's rapid expansion exposed weaknesses among validators, causing widespread failures and network degradation. The reported solution involves patching these issues, penalizing unprepared validators to prevent future delays.
Assessing the Ordinals Controversy: Dashjr's critique sparked debates on the legitimacy and significance of Ordinals and BRC-20 tokens, labeled by Dashjr as exploitative and disruptive. Some argued these tokens merely exploit Bitcoin's vulnerability, while proponents see them as avenues for innovation and creativity.
Whether Ordinals signify a new blockchain nuisance remains subjective. While Dashjr deems them as spam, others view them as valuable assets within the Bitcoin ecosystem, reflecting a broader discourse on the utility of such tokens.
In conclusion, Ordinals seem entrenched in the crypto landscape, representing both innovation and contention.
Disclaimer: Voice of Crypto aims for accurate information, yet disclaims liability for missing facts or inaccuracies. Cryptocurrencies are highly volatile; research is vital for financial decisions.
#bitcoinordinals #Ordinals #Bitcoin #BTC #ton
$BTC