#btc #铭文 #sats #ordi

Ordinals. The innovative Ordinals theoretical framework will be released in June 2022,

Triggered a cultural revolution based on Bitcoin.

In December 2023, just months after the release of Ordinals (Ord), developers started using Ordinals, which does not require separate sidechains, tokens or Bitcoin Core updates and supports Bitcoin Inscription.

Inscriptions are immutable Bitcoin NFTs that contain original file data (videos, audio, images, executable software, etc.) that are permanently recorded on Bitcoin and can be transferred or sent to Bitcoin addresses, wallets, etc.

Ordinals' dramatic growth will only increase exponentially as new experiments, infrastructure tools, and standards emerge.

In the year since the first inscription on December 14, 2022, the total number of inscriptions in the first 90 days has exceeded 460,000 and has exceeded 46.2 million so far this year, generating approximately 3,365 BTC (approximately $148.8 million) in fees during that period.

BRC-20 is an experimental token standard created by DOMO and released in early March 2023, aiming to create fungible tokens on Bitcoin.

The standard leverages Ordinals inscriptions and JSON data, mirroring Ethereum’s ERC-20 standard but tailored for the feature-limited Bitcoin ecosystem.

Several platforms quickly followed suit, rapidly developing tools and launchpads for experimental token standards (ALEX, Bitget, Leather, OrdinalsBot, UniSat Wallet, Xverse, etc.). Notably, the ORDI token was the first token to be deployed under the standard and by May 2023 it had a market cap of over $1 billion, ranking 52nd on CoinMarketCap and with a market cap of over $1.3 billion at the time of writing. Dollar

There are opportunities to expand the use of Bitcoin assets and allow more Bitcoin users to participate in these new platforms.

Despite the similarities between many of these products, the future of Bitcoin L2 remains dynamic and awaits further development.