Research Summary
The article provides a comprehensive overview of Bitcoin Ordinals, a new form of NFTs on the Bitcoin blockchain. The author explains the concept of Ordinals, their creation process, and their significance in the crypto world. The article also delves into the technical aspects of Ordinals, including the role of satoshis and the use of Ordinal Theory. The author further discusses the emergence of BRC-20 tokens, a new experiment to introduce fungibility to Ordinals, and provides a guide on how to get started with collecting and trading Ordinals.
Actionable Insights
- Understand the Basics of Ordinals: Ordinals are a new form of NFTs on the Bitcoin blockchain. They are entirely on-chain, making them immutable and forever recoverable.
- Explore BRC-20 Tokens: BRC-20 tokens are an experiment to introduce fungibility to Ordinals. They have gained significant attention in the crypto community.
- Get Started with Ordinals: The author provides a guide on how to start collecting and trading Ordinals, including wallet recommendations and popular marketplaces.
- Stay Updated on Ordinal Developments: The author suggests following certain individuals and resources on Twitter to stay updated on the latest developments in the Ordinals space.
