What is a bitcoin ordinal?

The concept of satoshis, or sats, is fundamental to understanding Bitcoin Ordinals. A satoshi is the smallest unit of bitcoin, named in honor of Bitcoin's creator, Satoshi Nakamoto. Each satoshi represents a fraction of a bitcoin, providing the granularity necessary for precise transactions and value transfers.

The introduction of ordinal theory in Bitcoin marks a significant milestone in the evolution of the cryptocurrency ecosystem. By assigning unique ordinal values to satoshis, it becomes possible to create a new class of digital assets that retain their individuality and can be distinguished from one another.

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Bitcoin Ordinals represent a novel concept that assigns unique numbers and identifiers to individual units of bitcoin, known as satoshis. This numbering system not only identifies each satoshi but also enables them to carry additional information, effectively transforming them into non-fungible tokens (NFTs).

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