Inscriptions are a new way to write arbitrary data—the ordinals documentation calls them “ digital artifacts ”—on the bitcoin blockchain. From the documentation: Inscriptions inscribe sats with arbitrary content, creating bitcoin-native digital artifacts, more commonly known as NFTs. Inscriptions do not require a sidechain or separate token.
What is a bitcoin ordinal inscription?
Bitcoin ordinal inscriptions let users attach additional data to individual satoshis, creating digital artifacts that are stored on the Bitcoin blockchain, enabling users to create Bitcoin-based NFTs.
How many ordinal inscriptions are there on the bitcoin blockchain?
The prospect of inscribing any data onto the Bitcoin blockchain excites many people. The total number of ordinal inscriptions ballooned from nothing in February 2023 to nearly 15 million in July 2023. Ordinal inscriptions make creating NFTs directly on the Bitcoin network much easier compared to before the ordinals protocol was introduced.
