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Ordinals (ORDI)
Ordinals (ORDI) - supports and enables the creation of Bitcoin NFTs and adds inidividual satoshis to text, images, audio and video.
- Ordinals (ORDI) is the first token with the BRC-20 protocol.
- Ordinals (ORDI) is a cryptocurrency that runs on the Ordinals blockchain, with the goal of decentralizing digital content.
- It allows users to write text, images, audio and video in the form of individual satoshis, to enhance security and viability.
- Each satoshi has relevant information associated with the digital content, taking advantage of Bitcoin's block size limitations.
Ordinals (ORDI) Key Metrics
| Recent Price | $20.17 |
|---|---|
Market Cap | $423.56M |
Circulating Supply | 21M ORDI |
Total Supply | 21M ORDI |
Max Supply | 21M ORDI |
What is Ordinals (ORDI)?
Ordinals (ORDI) is an innovative cryptocurrency that operates within the Ordinals protocol ecosystem, based on blockchain. This protocol is designed to establish a decentralized marketplace focused on digital assets, primarily digital content that is enrolled in satoshis, the smallest unit of Bitcoin (BTC).
Casey Rodarmor is the mastermind behind the Ordinals protocol, having actively developed and driven it since 2022. His inspiration comes from the enigmatic and pseudonymous figure of Satoshi Nakamoto, the founder of Bitcoin.
Rodarmor integrated the novel Ordinal theory into the design and operation of the protocol, bringing a new dimension and utility to the realm of cryptocurrencies and blockchain technology.
Ordinals (ORDI): What makes it different and why invest?
The key functionality of the Ordinals protocol lies in its ability to allow users to enroll diverse information, such as text, images, audio and video, into individual satoshis.
This is made possible by the implementation of the Taproot update to the Bitcoin network, effected on November 14, 2021. In this way, Ordinals introduces the dynamics of NFTs (Non-Fungible Tokens) into the Bitcoin blockchain, facilitating the creation of unique digital assets enrolled in satoshis.
Enrolled satoshis host the information linked to the digital content, stored in the token segment of Bitcoin transactions. Due to size restrictions on Bitcoin blocks, ordinal inscriptions are mainly composed of text and images.
On the other hand, the Ordinals project aims to develop and optimize methods for making inscriptions in Bitcoin and associated wallets. This will allow users to visualize the NFTs generated on the Bitcoin blockchain.
In this context, several initiatives and platforms, including Gamma and Hiro Wallet, have started to offer services to facilitate the creation, management and storage of these Ordinal Inscriptions. These services seek to provide a user-friendly and accessible platform for buying, selling and exchanging digital assets through the Ordinals protocol.
Finally, the Ordinals coin (ORDI) stands out for being the first cryptocurrency developed under the BRC-20 standard on the Bitcoin network, with a significant distribution of its supply to users of the Ordinals protocol through airdrops.
