Today, let’s talk about the ORDI currency in a separate article!

What are Ordinals(ORDI)?

The total number of Bitcoins is 21 million, and one can be subdivided into 100 million satoshis (satoshi is sat, the smallest unit of Bitcoin), totaling 2100 trillion satoshis.

Ordi is the first and most valuable BRC-20 token on BTC. To understand Ordi, you must first understand the inscription. Inscriptions are created by writing content to satoshi using the Ordinals protocol. Inscriptions do not require the use of separate tokens, sidechains, or changes to Bitcoin;

What the Ordinals protocol does is to write information to each satoshi, such as text, pictures, audio and video, etc. Due to the Bitcoin block size limit, the main information inscribed in inscribe (that is, mint 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 the Bitcoin does not disappear, the inscription will not disappear;

One of the important principles of the Ordinals protocol is "first come, first served". Whoever engraves it first belongs to whomever. Anyone can deploy a contract on the Bitcoin chain through the protocol. If it goes out of the circle, it may be doubled. If it doesn't go out of the circle, it's just an experiment.

Founder of Ordinals(ORDI)?

The BRC-20 token standard was created by Twitter user @domodata. It is currently only an experimental interchangeable token standard, and the token itself has little value.

How do Ordinals work?

Ordi tokens have been converted from BRC-20 tokens on BTC to tokens on BSV using a smart contract platform called RelayX. This allows users to trade Ordi tokens on BSV without having to pay high fees or rely on centralized exchanges. BSV is a cryptocurrency that forked from BTC in 2018 and claims to follow Satoshi Nakamoto’s original vision. BSV has a blockchain explorer called WhatsOnChain where you can view transactions and tokens on BSV.​

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