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Ordinals - BRC20 b61b0172...5i0
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$33.84
$37.97
$96.17
-0.58%
-4.13%
-17.66%
$748.46M
$957,029
21,000,000
21,000,000
About ORDI
How can I buy Ordinals (ORDI)?
What Is Ordinals (ORDI) Crypto?
Ordinals (ORDI) is an innovative cryptocurrency that operates on the cutting-edge Ordinals protocol, a blockchain-based platform. It is designed to establish a decentralized marketplace for digital assets, focusing on digital content inscribed on satoshis, the smallest unit of Bitcoin (BTC). This revolutionary approach has positioned ORDI at the forefront of the digital asset space.
The groundbreaking Ordinals protocol enables users to inscribe information such as text, images, audio, and video onto individual satoshis. This capability was made possible by the Taproot upgrade, a significant enhancement to the Bitcoin network implemented on November 14, 2021. By leveraging this upgrade, Ordinals has brought the dynamic world of NFTs (Non-Fungible Tokens) to the Bitcoin blockchain. Users can now create unique digital assets, dubbed "Ordinal Inscriptions," on satoshis.
These inscribed satoshis are not just digital markers; they encapsulate the essence of the associated digital content. The data of these inscriptions is stored within the witness component of a Bitcoin transaction. Due to the size constraints of Bitcoin blocks, Ordinal Inscriptions primarily encompass text and images. However, this limitation does not detract from the immense potential and creativity this platform unleashes.
A key objective of the Ordinals project is to streamline methods for inscribing on Bitcoin and enhance wallet functionalities. This development will enable users to view and interact with Bitcoin NFTs seamlessly. In support of this vision, platforms like Gamma and Hiro Wallet have emerged, providing services that simplify the creation and storage of Ordinal Inscriptions. These platforms are pivotal in making the Ordinals protocol more user-friendly and accessible, allowing individuals to buy, sell, and trade digital assets effortlessly.
The ORDI coin, the first cryptocurrency to utilize the BRC-20 standard on the Bitcoin network, has sparked considerable interest in the crypto community. The majority of the ORDI supply was initially distributed through an airdrop to users of the Ordinals protocol.
In terms of ORDI token utility, these coins play a pivotal role in the ecosystem of the Ordinals protocol. The ORDI ordinals, or the digital assets created using this protocol, have garnered attention for their uniqueness and potential in the burgeoning world of NFTs. The Ordinals coin often called the $ORDI, has become a symbol of innovation in the blockchain sector. With the Bitcoin Ordinals price and Ordinals crypto price drawing attention from various quarters, the future of the ORDI token looks promising.
How Do Bitcoin Ordinals Work?
Bitcoin Ordinals, a novel concept in the cryptocurrency world, has revolutionized the way digital assets are perceived on the Bitcoin blockchain. These unique assets are created using the Ordinals protocol, a system that enables the attachment of additional data to individual satoshis, the smallest unit of Bitcoin. The integration of this data transforms ordinary satoshis into something much more: Bitcoin NFTs.
Understanding the Ordinals Protocol
The core of this protocol is the inscription process. This involves writing or embedding data, like images or videos, into the witness portion of a Bitcoin transaction. This became possible with the introduction of the Taproot upgrade on the Bitcoin network on November 14, 2021.
Setting Up an Ordinals Wallet
To engage with Ordinals, users must first download Bitcoin Core and synchronize it with the blockchain. Post-synchronization, an Ordinals wallet can be created, and users can transfer satoshis to this wallet to begin their journey with Ordinals.
Unique Identification through Serial Numbers
Each satoshi in the Ordinals system is assigned a distinct Ordinals Serial Number. This unique identifier is crucial for tracking the transfer and ensuring the uniqueness of each Bitcoin Ordinal. The assignment of these serial numbers is based on the mining and transfer order of the satoshis, hence the term "Ordinals."
Storing Data on the Blockchain
What sets Ordinals apart from traditional NFTs is the way they incorporate data. Instead of merely referencing external data, Ordinals inscribe this data directly onto individual satoshis. These inscriptions, permanently recorded on the Bitcoin blockchain, offer enhanced security and immutability.
The Ordinals protocol has opened new avenues for digital asset creation and ownership on the Bitcoin network. With its unique approach to data inscription and the growing interest in ORDI crypto, the future of Bitcoin Ordinals looks promising, offering a blend of innovation and investment potential.
When Was Bitcoin Ordinals Launched?
Bitcoin Ordinals, a groundbreaking concept in the world of cryptocurrency, was launched in January 2023. The mastermind behind this innovative protocol is Casey Rodarmor, who has been actively refining and developing it since 2022. Drawing inspiration from the enigmatic Bitcoin founder, Satoshi Nakamoto, Rodarmor ingeniously incorporated Ordinal theory into the Bitcoin ecosystem.
Revolutionizing Bitcoin with Ordinals
The Ordinals project was conceived to explore the uncharted territory of NFTs (Non-Fungible Tokens) on the Bitcoin blockchain. Traditionally, NFTs have been a staple of blockchains like Ethereum, Solana, and BNB Chain. However, Ordinals unlocked the potential of NFTs within the Bitcoin framework, marking a significant departure from conventional blockchain practices.
Understanding Ordinal Theory
Ordinal Theory introduces a novel approach within Bitcoin. Its primary goal is to uniquely identify each satoshi, the smallest unit of Bitcoin, with a serial number. This enables tracking each satoshi throughout its life cycle, from its creation to its involvement in various transactions. Like traditional NFTs, Ordinal inscriptions are digital assets, but they are uniquely inscribed onto satoshis within the Bitcoin network.
Enabling Technologies – The Taproot Upgrade
The cornerstone of this innovation was the Taproot upgrade, implemented on the Bitcoin network on November 14, 2021. This upgrade made it feasible to inscribe data directly onto individual satoshis, thus paving the way for the creation of Bitcoin Ordinals.
ORDI Crypto and the Growth of Bitcoin Ordinals
Since its inception, the Ordinals protocol has seen remarkable growth. As of November 2023, over 40 million inscriptions have been created, illustrating the burgeoning interest in this sector. The Ordinals (ORDI) token, integral to this ecosystem, is gaining traction, with its utility and value becoming a focal point for investors and enthusiasts alike. The ORDI coin price and Ordinals price are closely monitored, reflecting the evolving dynamics of this novel asset class.
The ORDI ordinals, representing these unique Bitcoin-based digital assets, hold considerable promise for the future of NFTs and blockchain technology. As of November 2023, over 40 million inscriptions have been created using the Ordinals protocol since its launch.
How to Use Bitcoin Ordinals Protocol
The Ordinals protocol is an innovative addition to the Bitcoin blockchain, enabling the creation and utilization of Bitcoin-based NFTs. This protocol has broadened the scope and utility of the Bitcoin network, offering new opportunities for users and developers. Here's how you can leverage the Ordinals protocol:
Creating Bitcoin-based NFTs
Ordinals protocol allows the creation of NFTs directly on the Bitcoin blockchain. Unlike traditional NFTs minted on Ethereum or other blockchains, Ordinals inscriptions are stored within the Bitcoin blockchain, ensuring permanence and immutability. This feature significantly enhances the authenticity and longevity of digital assets.
Minting Digital Art and Collectibles
Artists and creators can mint digital art and collectibles using the Ordinals protocol. Each inscribed satoshi represents a unique digital item, securely stored and transferable via Bitcoin transactions. This development has expanded the horizons for digital art and collectibles in the Bitcoin ecosystem, marking a notable shift in how digital art is perceived and traded.
Enhancing Bitcoin's Versatility
The introduction of Ordinals has transformed Bitcoin's functionality, making it more than just a digital currency or "digital gold." It opens up avenues for developers to create decentralized applications (dApps), smart contracts, and other innovative solutions on Bitcoin's robust and secure infrastructure.
Driving Growth in the Bitcoin Ecosystem
The adoption of the Ordinals protocol is poised to drive growth and scalability within the Bitcoin ecosystem. By adding more utility and fostering bigger block sizes and more transactions, Ordinals incentivize miners, contributing to the expansion of the overall value transacted and secured on the Bitcoin blockchain.
Tamperproof and Transparent Data Storage
The data storage capabilities of Ordinals inscriptions on the Bitcoin blockchain make them highly durable, immutable, and secure. This feature is particularly valuable for applications that require tamperproof and transparent data storage, such as proof of ownership, certificates, and archival of historical records.
Ordinals (ORDI) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-1.65 | -4.37% |
| 7 Days | $-7.71 | -17.66% |
| 30 Days | $0.61 | 1.73% |
| 3 Months | $1.86 | 5.47% |
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Ordinals Conversion Rate
FAQ
How much is 1 Ordinals (ORDI) worth?KuCoin provides real-time USD price updates for Ordinals (ORDI). Ordinals price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time ORDI to USD exchange rates.
Is Ordinals (ORDI) a Good Investment?
Ordinals (ORDI) crypto has garnered attention as a potential investment opportunity thanks to its unique positioning within the cryptocurrency landscape. Here are some factors to consider when evaluating the investment potential of Ordinals:
Unique Utility Powered by Satoshis
Ordinals introduce a novel numbering scheme for satoshis, the smallest unit of Bitcoin. This functionality enables tracking and transferring individual satoshis and provides a decentralized method for creators, artists, and businesses to authenticate and secure their intellectual property.
By inscribing digital content on the Bitcoin network, Ordinals offer a utility distinct from other cryptocurrencies, potentially enhancing its long-term value. The ORDI token utility in this context stands out, offering a unique proposition in the digital asset domain.
High Volatility and Investment Dynamics
The high volatility characteristic of Ordinals, including ORDI crypto, can lead to significant price fluctuations. This volatility presents both risks and opportunities for traders and investors.
Active market participants might capitalize on these price movements, but it's crucial to approach such investments with caution and a well-thought-out strategy. The Ordinals price are subject to rapid changes, making them attractive for high-risk-tolerant investors.
Growing Market Presence and Investor Interest
Since its introduction in January 2023, Ordinals, including the ORDI coin, have experienced considerable growth and increased market presence. For instance, a notable increase in holders, such as the 13.8% rise in just one week, underscores the growing investor interest in this space. This uptick in investor engagement is a positive signal for the Ordinals market, potentially impacting the ORDI coin price prediction and Bitcoin Ordinals price.
What Is Ordinals Price Prediction?
Although it is impossible to offer a reliable ORDI price prediction over any timeframe, several factors could impact the price action and volatility in the Ordinals cryptocurrency:
Demand for Bitcoin NFTs
The Ordinals protocol has introduced the concept of non-fungible tokens (NFTs) on the Bitcoin blockchain. The growing interest in NFTs, representing unique digital assets, could significantly impact the Ordinals crypto price. The novelty of trading and owning NFTs on Bitcoin's network might attract new users, potentially driving up the demand for Bitcoin and subsequently affecting the Bitcoin Ordinals price.
Market Perception and Adoption
The cryptocurrency community's perception and the level of adoption of Bitcoin Ordinals are critical factors. Positive sentiment and increased adoption could enhance the protocol's utility and potentially boost its value. Conversely, negative sentiment or sluggish adoption might hamper its growth.
Diverse Use Cases and Applications
The versatility of the Ordinals protocol supports various applications, from digital art to video games, by allowing references to files stored in the witness data of Bitcoin transactions. The protocol's ability to inscribe different file types broadens its potential utility, which could positively influence the ORDI token price and overall Ordinals price.
Scalability and Network Efficiency
The scalability and efficiency of the Bitcoin blockchain are paramount as more inscriptions are made using the Ordinals protocol. The protocol's capability to handle increased transaction volume without adversely affecting network performance or fees is crucial. Developments in scalability solutions, including off-chain or layer-two technologies, are significant in this context.
Future Developments in Ordinals Protocol
Ongoing developments and enhancements to the Bitcoin network and the Ordinals protocol itself, such as improvements in scalability, security, and functionality, could significantly influence the value of Ordinals. Enhancements addressing potential limitations or expanding capabilities can stimulate interest and drive value in the ORDI ordinals and the $ORDI token.
What Is ORDI Coin Used for?
The ORDI coin, a BRC-20 native utility token, plays a pivotal role in the functionality of the Ordinals project, an innovative platform aiming to revolutionize the digital asset marketplace. The project's user-friendly features, including a drag-and-drop NFT creator and an integrated wallet, underscore its commitment to accessibility and ease of use.
Utility of ORDI Coin
The ORDI token is integral to the Ordinals platform, facilitating various transactions. It enables users to buy, sell, and trade digital assets in a decentralized, transparent, and secure manner. This functionality enhances the ORDI token utility, making it a vital component of the Ordinals ecosystem.
Trading and Investment Opportunities
You can trade ORDI crypto on various platforms, including the KuCoin Spot Market. The versatility of ORDI allows for trading against other cryptocurrencies, offering opportunities to capitalize on market fluctuations. The ORDI coin price and Ordinals price are dynamic, reflecting the changing landscape of the cryptocurrency market.
For those interested in long-term investment, holding ORDI might be a strategy worth considering, especially if one believes in the future potential of Bitcoin Ordinals and BRC-20 tokens. However, as with any investment, conducting thorough research (DYOR) before making any trading decisions is crucial.
Market Dynamics and Price Movements
The ORDI ordinals and $ORDI token have garnered attention in the crypto community, with many keeping a close eye on the ORDI crypto price and ORDI token price. These metrics are essential for understanding the market perception and value of the Ordinals coin.
What Are Some Notable Bitcoin NFT Collections Created Using Ordinals?
The emergence of Bitcoin NFTs, especially those created using the Ordinals protocol, has introduced a fascinating new dimension to the world of digital collectibles. Here are some notable Bitcoin NFT collections that have been developed using this innovative technology:
Ordinal Punks
This collection pays tribute to the iconic CryptoPunks and features 100 NFTs, which were among the first 650 Inscriptions on the Bitcoin blockchain. Created by FlowStay, the Ordinal Punks consist of 192x192 pixel generative PFP images, reflecting a unique blend of art and technology.
Taproot Wizards
Initiated from Inscription 652, the Taproot Wizards collection boasts 2,101 hand-drawn NFT wizards. This series, created by Udi Wertheimer in collaboration with Luxor, a leading Bitcoin mining company, is notable for its first inscription, which holds the record for being the largest block and transaction in Bitcoin's history at 4MB.
Bitcoin Rocks
The Bitcoin Rocks collection captures a similar essence by echoing the nostalgic feel of early Ethereum NFTs like Ether Rocks. Limited to 100 rocks, this collection saw its first rock minted at Inscription 71. These NFTs, with their high valuations (as much as 1,000 BTC/13,858 ETH), underscore the growing interest in Bitcoin-based digital collectibles.
Timechain Collectibles
Debuted on January 30, 2023, the Series 1 Timepieces from Timechain Collectibles include 21 limited-edition Ordinals. These timepieces feature various designs, ranging from cyberpunk watches to ancient calendars, highlighting the diverse creative potential of the Ordinals protocol.
Ordinal Loops
Ordinal Loops is a project that aims to encapsulate the philosophy and ethos of Bitcoin through Bitcoin Artifacts. The project has unveiled two chapters so far, with the first being the "Do Not Fiat" series, which emphasizes Bitcoin's transformative role in the world.
As these collections gain prominence, the impact on the ORDI crypto, ORDI coin price, and Ordinals price is increasingly significant. The value and interest in ORDI ordinals and the overall Ordinals crypto price reflect the growing trend towards incorporating NFTs within the Bitcoin ecosystem.
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What is the all-time high price of Ordinals (ORDI)?
The all-time high price of Ordinals (ORDI) is $96.17. The current price of ORDI is down 0.63% from its all-time high.
What is the all-time low price of Ordinals (ORDI)?
The all-time low price of Ordinals (ORDI) is $2.86. The current price of ORDI is up 11.53% from its all-time low.
How much Ordinals (ORDI) is there in circulation?
As of 11 21, 2024, there is currently 21,000,000 ORDI in circulation. ORDI has a maximum supply of 21,000,000.
What is the market cap of Ordinals (ORDI)?
The current market cap of ORDI is $748.46M. It is calculated by multiplying the current supply of ORDI by its real-time market price of $748.46M.
How do I store Ordinals (ORDI)?
You can securely store your Ordinals in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your ORDI include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Ordinals (ORDI) to cash?
You can instantly exchange your Ordinals (ORDI) for cash using KuCoin's Fast Trade feature. This feature enables you to convert ORDI to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
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2024-11-21 16:35:14 (UTC+8)
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