What Is Ordinal Bitcoin?
Adekunle Joshua
Bitcoin has made significant advancements by introducing the Ordinals Protocol, allowing it to be on par with other NFT-enabled blockchains.
source-Freepik
The Ordinals Protocol allows users to add images, text, and videos to a single satoshi, similar to an NFT token on Ethereum or Solana.
source-Freepik
The types of data that can be actively inscribed on a Satoshi include images (JPEG, PNG, SVG, WEBP), video files, PDF files, application codes, JSON codes, and audio files.
source-Freepik
This protocol is the latest advancement that enables NFT-like capabilities on the Bitcoin network.
source-Freepik
Casey Rodarmor initiated the Ordinals, and the first inscriptions were made on December 14, 2022.
source-Freepik
The Ordinals Protocol holds great promise, particularly with the increased number of mints and the cryptocurrency market's steady recovery.
source-Freepik
The success of the Ordinals Protocol, in turn, will increase Bitcoin's market cap dominance over the total crypto market cap.
source-Freepik