In the past two days, as unisat has launched the trading market and Binance and OK have issued recommendations, #ordinals的热度持续暴涨，问的人也是越来越多，而且目前市场上确实需要一个新的叙事，财富效应了。
The ordinals protocol brings a lot of imagination to the Bitcoin ecosystem. Based on this protocol, Bitcoin's native NFT and BRC-20 tokens are possible, which is a revolutionary innovation.
Ecological projects based on the ordinals protocol are increasing rapidly, such as wallets, NFT secondary trading markets, domain names, etc. This rhythm is like replicating the ecological applications on Ethereum.
Let’s take you through the ordinals ecosystem and how we, as novices, can participate in it.
1. Introduction to Ordinals The smallest unit of BTC is sat (satoshi), and 1 BTC is equal to 100 million satoshis. Ordinals is a protocol that can engrave data on sat. Allows users to write data such as images, text, video, and audio to sats, enabling the direct casting, transfer, and destruction of Inscriptions on the Bitcoin chain. This casting process is not called mint, but is called inscribe. This is different from the NFT data on Ethereum that is stored in other facility networks. The inscription on Bitcoin is directly recorded in the Bitcoin blockchain. We can also call it BTC NFT.
2. Introduction to BEC-20 This protocol is also implemented based on ordinal. The BRC-20 token standard was created by Twitter user @domodata on March 8, 2023. It is an experimental Bitcoin replaceable token standard or protocol. It utilizes Ordinal inscriptions of JSON data to deploy token contracts, mint tokens, and transfer tokens. In essence, BRC-20 is a text-type inscription, while the often mentioned BTC NFT is a picture-type inscription.
Tutorial on feeding rice for beginners:
Ordinals’ investment is currently divided into two parts: BRC20 tokens and #BTCNFT B
RC-20 casting tutorial:
1. First, you need to register a Bitcoin wallet to transfer and receive erc-20 tokens. It is recommended to use @unisat_wallet wallet
First go to the official website: uniswat.io, click Download to add the wallet to the browser extension, create a new wallet after installation, and save the mnemonic phrase. Then select the taproot (P2TR) address starting with bc1p for the address.
2. After creating the wallet, you can use this payment address to receive BRC-20 tokens. Next, transfer some BTC from the exchange to the wallet for subsequent minting and trading. Okx is used here. When withdrawing coins, select btc-bitcoin on the network, and then enter the payment address of the wallet to withdraw money.
3. After BTC arrives, enter unisat.io, link the wallet in the upper right corner, then click brc-20, enter the name of the token you want to buy in the search box, search for it, click in, and then click mint in the upper right corner directly to click in. The name and quantity are entered by default, just select how many copies you want to print.
Then click NEXT and you will come to the payment interface. Enter the payment address of the wallet you just created in the box, and then select the gas fee. Generally, choose the middle one. Then click submit pay invoice
Finally, click pay with unisat wallet to use unisat wallet to pay btc
Here we also recommend another agency website https://idclub.xyz/brc20, the price is more than half cheaper than unisat. The steps are the same as above. It should be noted that at the payment stage, copy the payment address and the amount of BTC to be paid to the unisat wallet. Fill in the copied address number and transfer btc
Finally, I need to remind everyone that at present, the vast majority of brc20 are local dogs among local dogs. Don’t start easily if you don’t understand the coins.
If you want to configure it, I recommend a few tokens at the top.
ordi, the first native token on brc20, was born with hype and is the absolute leader.
Meme, the second native token on brc20, is the token with the highest token holders, workload, inscription volume and cost among all brc20
Punk, the third deployment, has strong IP attributes. Punk, which is comparable to eth, is worth 800 million u, while the current market value on brc20 is less than 300,000 u.