Background
Ordinals protocol enables the issuance of non-fungible tokens (NFTs) and BRC-20 tokens on the Bitcoin blockchain. By utilizing ordinal numbers to track and transfer individual satoshis, the protocol provides a numbering scheme that allows for the identification and management of specific units of value on the Bitcoin network.
With the ordinals protocol, it becomes possible to attach arbitrary content to satoshis, effectively creating digital artifacts or NFTs. These inscriptions can be serialized using data pushes within unexecuted conditionals, and the content can be stored in taproot script-path spend scripts.
Furthermore, the protocol supports the creation and management of BRC-20 tokens, which are fungible tokens on the Bitcoin blockchain. The BRC-20 token standard, inspired by Ethereum's ERC-20 standard, allows for the deployment of token contracts, minting of tokens, and the transfer of tokens using ordinal inscriptions of JSON data.
By leveraging the ordinals protocol, developers and users can harness the power and security of the Bitcoin blockchain to create and interact with NFTs and BRC-20 tokens, expanding the range of possibilities and applications on the Bitcoin network.
Ordinals and BRC-20
Ordinals are digital artifacts introduced by Rodarmor. It can carry various types of data on Bitcoin network.
BRC-20 is token standard by Domo. Tokens can be deployed, minted, and transferred using Ordinal inscriptions.
Last updated
