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What Are Ordinals? Bitcoin NFTs Explained | Chainlink

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Ordinals are means of creating Bitcoin NFTs by attaching data such as images, videos, and more to an individual satoshi on the base Bitcoin blockchain. Launched on Bitcoin mainnet by developer Casey Rodarmor on January 20, 2023, ordinal NFTs are simply the latest way to create NFTs on Bitcoin. While non-fungible tokens (NFTs) on Bitcoin aren’t a new concept, with layer-2 networks on top of Bitcoin such as Counterparty and Stacks already enabling Bitcoin-based NFTs, ordinal NFTs feature a fundamentally different architecture to other Bitcoin NFTs. Since their launch, over 200K ordinal NFTs have been minted by a growing community of users, developers, and enthusiasts who are excited about the potential of native Bitcoin NFTs. But what exactly are ordinal NFTs, how do they work, and why are they different? Ordinals are means of creating Bitcoin NFTs by attaching data such as images, videos, and more to an individual satoshi on the base Bitcoin blockchain. Unlike their predecessors, ordina

Education / NFTs Last Updated Date: November 30, 2023 Definition DEFINITION Ordinals are means of creating Bitcoin NFTs by attaching data such as images, videos, and more to an individual satoshi on the base Bitcoin blockchain. Launched on Bitcoin mainnet by developer Casey Rodarmor on January 20, 2023 , ordinal NFTs are simply the latest way to create NFTs on Bitcoin. While non-fungible tokens (NFTs) on Bitcoin aren’t a new concept, with layer-2 networks on top of Bitcoin such as Counterparty and Stacks already enabling Bitcoin-based NFTs, ordinal NFTs feature a fundamentally different archit

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