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Ordinals 

May 9, 2023 • 10 Min Read
Author
JB DeGroft
JB DeGroft

What are Ordinals?

Ordinals, commonly called “Bitcoin NFTs,” have been one of the most exciting developments in the Bitcoin ecosystem this year. Technically, Ordinals are a way of attaching or “inscribing” data to individual sats or satoshis (the smallest unit of a Bitcoin at 1/100,000,000) on the Bitcoin blockchain. The term “Ordinal” is derived from Ordinal Theory, a recently developed system for numbering sats in the order they are mined. Sats from Bitcoin’s history hold some significance (for example, the sat associated with the genesis block) and are considered more valuable....

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