What are ordinal inscriptions?

Ordinals are the new thing taking Bitcoin by storm. In April 2023 alone, the daily record for inscriptions using Ordinals was broken four times as users flooded the network with images, video games, and other content. Ordinal Inscriptions, similar to NFTs, are digital assets inscribed on a satoshi, the lowest denomination of a Bitcoin (BTC).

What is an ordinal inscription (NFT)?

Ordinal Inscriptions, similar to NFTs, are digital assets inscribed on a satoshi, the lowest denomination of a Bitcoin (BTC). Inscribing on satoshis, named after the pseudonymous creator of Bitcoin, Satoshi Nakamoto, is possible thanks to the Taproot upgrade launched on the Bitcoin network on November 14, 2021. What is an Ordinal Inscription?

What are ordinal inscriptions /bitcoin ordinals?

Ordinal inscriptions/bitcoin ordinals are metadata attached to each satoshi that already has an ordinal number and is on the Bitcoin blockchain. Inscriptions can be in any format under 4mb. For example, Figure 1 shows the inscription, for satoshi numbered 1165647477496168, is a JPEG file at 15,000 bytes.

How do I inscribe ordinals?

In order to inscribe Ordinals, users must download Bitcoin core and run a fully synced Bitcoin node, which is costly and requires advanced technical knowledge. After the sync is completed, the next step is to create an Ordinals wallet and send some satoshis to its address. And that's just the start of it.