What does ORDI do?
Ordinals (CRYPTO:ORDI) a novel protocol, allows users to inscribe text and data onto individual satoshis, Bitcoin's smallest units. Launched in January 2023, it's garnered significant attention in the Bitcoin community.
The process involves using "Ordinal transactions" to record data on the Bitcoin blockchain. These transactions are similar to regular Bitcoin transactions but include a data field for text, images, or code. Once confirmed, the data becomes permanently stored on the immutable Bitcoin blockchain.
Although still in development, Ordinals has inspired various projects, including NFT marketplaces for Ordinal NFTs, games utilizing Ordinal inscriptions, and data storage on the Bitcoin blockchain.
Ordinals aims to expand Bitcoin's capabilities, create a new type of NFT, facilitate innovative applications like Ordinal games and data storage, and enhance Bitcoin's accessibility and utility. With an enthusiastic team and ongoing developments, Ordinals is a promising project set to shape Bitcoin's future.