Cryptocurrency Q&A
How do Bitcoin Ordinals work?
How do Bitcoin Ordinals work?
KatanaSharpened
Sun Jun 23 2024
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7 answers
905
Could you elaborate on the mechanics of Bitcoin Ordinals? I'm particularly interested in how they operate within the Bitcoin ecosystem and what functionalities they provide. Are they tokens issued on the Bitcoin blockchain? Do they have any unique properties that set them apart from other digital assets? Additionally, what are the potential applications and use cases for Bitcoin Ordinals? I'd appreciate a concise yet comprehensive explanation of their workings and how they might be utilized.
7 answers
GwanghwamunGuardianAngelWings
Tue Jun 25 2024
The Bitcoin Ordinals protocol enables users to attach extra information to their transactions, enabling a wider range of applications and use cases.
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Chiara
Tue Jun 25 2024
Bitcoin Ordinals serves as an innovative protocol that enables the utilization of individual satoshis, the smallest denomination of Bitcoin currency.
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SakuraTide
Tue Jun 25 2024
Each satoshi (SAT) within the Bitcoin blockchain can be assigned a distinct identifier through this protocol.
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Raffaele
Tue Jun 25 2024
This unique identifier allows for the transaction of individual satoshis with additional data attached, providing enhanced functionality.
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TaegeukWarrior
Tue Jun 25 2024
As a reminder, a satoshi represents the smallest unit of bitcoin, and a single bitcoin comprises 100,000,000 satoshis.
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