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Information about Ordinals (ORDI)
The Ordinals protocol is a system for numbering satoshis, giving each satoshi a serial number and tracking them across transactions. Simply put, ordinals allows users to make individual satoshis unique by attaching extra data to them. This process is known as “inscription”.
Ordinals have created another use case for the Bitcoin network beyond simple transfers of value, making Bitcoin NFTs a reality and causing transaction volume on the network to spike. With the Ordinals protocol, users can write a variety of data (text, images, audio, and video) in the form of NFTs to the Bitcoin network. Bitcoin Ordinals-generated NFTs may be purchased, traded, converted, and operated on the Bitcoin network without the requirement for Layer 2 solutions.
ORDI is a native coin of the Ordinals ecosystem, operating on Ordinals according to BRC-20 standard.
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