What Is Ordinal Bitcoin?

Source: The Crypto Times

Bitcoin has made significant advancements by introducing the Ordinals Protocol, allowing it to be on par with other NFT-enabled blockchains.

[{"selector":"#anim-11605ef6-da66-46e3-85e3-7b564364337c","keyframes":{"transform":["translate3d(119.12751%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0331ef1d-80f4-488e-b249-3a189fb8bb2e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2393b2c0-de70-4a18-8ef5-535b5dfe6dc2","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Source: CoinGeek

The Ordinals Protocol allows users to add images, text, and videos to a single satoshi (the smallest unit of Bitcoin), similar to an NFT token on Ethereum or Solana.

[{"selector":"#anim-a1b5058e-8414-406b-90ad-2e4599a95593","keyframes":{"transform":["translate3d(116.10737%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-95d68537-a4cf-429b-93ec-04bf3c532e2c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1f319f99-189e-446d-bd22-d7b12f13f3cf","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Source: Adobe

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.

[{"selector":"#anim-d9c8b5c5-36f2-4cb7-b3a0-734b56243a8a","keyframes":{"transform":["translate3d(116.10737%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8ac23524-31a6-439e-aed5-a26a5544bd22","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d63c5f67-9ff6-4965-a39c-378021748a25","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Source: Adobe

This protocol is the latest advancement that enables NFT-like capabilities on the Bitcoin network.

[{"selector":"#anim-6ca8bc54-c3c7-4046-91b6-14b4fd03b680","keyframes":{"transform":["translate3d(119.46309%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-556c8a68-2806-4529-9962-4b5a036c8f2f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3dd6fce1-c2ab-4ab4-b643-124647eab094","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Source: Crypto Adventure

Casey Rodarmor initiated the Ordinals, and the first inscriptions were made on December 14, 2022.

[{"selector":"#anim-9bf15ea6-251c-412e-8336-658daa2cc31c","keyframes":{"transform":["translate3d(119.46309%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b96a7a30-43f4-46e2-8dae-a960770033fa","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b25666f6-85bf-46ac-9857-85b5926d0a8d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Source: Coin Geek

At the start of February, the number of inscriptions (mints) for the Ordinals surged, with 473 added on February 3, 2023, bringing the total count to 1,152.

[{"selector":"#anim-c76bfaba-451a-4f70-988b-97ca6e00e802","keyframes":{"transform":["translate3d(115.31251%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-192f7cce-d484-4c72-9b09-db4d8a8cfd57","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-23f9861f-063e-496f-8d16-3babd99fb5b0","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Source: Motion Array

The Ordinals Protocol holds great promise, particularly with the increased number of mints and the cryptocurrency market's steady recovery.

[{"selector":"#anim-c5e9f0d6-345d-4c10-b8cd-fe909141c099","keyframes":{"transform":["translate3d(116.22516%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c9701f7c-c9fd-4598-81d9-5b5a843ab9a3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-88275f0a-23a9-4dec-81e8-a4f71b76dfc4","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Source: Wallpaper Flare

The success of the Ordinals Protocol, in turn, will increase Bitcoin's market cap dominance over the total crypto market cap.

[{"selector":"#anim-6aab916d-d661-4e20-b12e-927d35d3617f","keyframes":{"transform":["translate3d(122.88732%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b05ac191-a9a2-4ee8-b772-34e48c8ef3fe","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0d3660c1-9bc0-45dd-a0ac-058f05791746","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Source: Crypto News Learn more