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Cryptocurrencies: 22097
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Market Cap: $$2.90T
24h Vol: $188.84B
Dominance: BTC: 60.2% ETH: 12.7%
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The total number of bitcoins is 21 million, and one can be subdivided into 100 million satoshi (satoshi is sat, the smallest unit of bitcoin), and there are 2100 trillion satoshi in total.
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, and inscriptions do not require 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 size limit of the Bitcoin block, the information of inscribe (that is, mint mint) is mainly inscribed in text and The image is the main form, that is, in the form of NFT and token.
Because the inscription is directly created on the Bitcoin blockchain, it cannot be tampered with, and 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 will own it. Anyone can deploy contracts on the Bitcoin chain through the agreement. If you get out of the circle, you may be a hundred times more likely. If you don't get out of the circle, it's just an experiment.
The BRC-20 token standard was created by Twitter user @domodata An experimental fungible token standard with little value in itself.
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 paying high fees or relying 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.