What is an inscription?

From a technical perspective, each Bitcoin is divided into 1,000,000 units called satoshis (#sats ). Each Bitcoin is like a small storage space, and the inscription is to store some additional information in this space. For example, by using the Ordinals protocol to write content into satoshi for inscription, the written information can be text, pictures, videos, audio, etc.

Depending on the placement content, Bitcoin inscriptions can be divided into two major categories: text-based inscriptions and image-based inscriptions.

Text-based inscriptions are mainly used to create tokens, such as the BRC-20 Token standard. The BRC-20 Token standard is a protocol for creating tokens on Bitcoin, which is similar to the ERC-20 Token standard on Ethereum. The BRC-20 Token standard allows users to create their own tokens and trade them on the ordinal market.

#BRC2O Multiple tokens have increased thousands or even tens of thousands of times from the early days to now, attracting more and more attention. In the early days, the Inscription track was full of hype. As the track became more popular, development teams gradually tried to join the BTC ecosystem to build value. In addition, investment institutions have gradually begun to join this track. Therefore, the follow-up is worthy of attention.