Ordinals
NFT-like project on the Bitcoin blockchain
Basics
History
"Rodarmor is a former Bitcoin Core contributor who designed Ordinals to allow the transferring of individual satoshis on the Bitcoin network. “The Ordinals protocol is just a system for numbering Satoshis, giving individual sats a serial number, and then tracking them across transactions,”"
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed [insert here].
- Built on Bitcoin via Taproot
- Consensus mechanism:
- Algorithm:
- Virtual Machine:
- Development language used:
How it works
"As Rodarmor explains, inscriptions make it possible to put content in a Bitcoin transaction and assign it to a satoshi. Once completed, Rodarmor says, the inscriptions are stored in a Bitcoin transaction’s signature. The process stays entirely on the Bitcoin network and does not require a sidechain or additional token, according to Rodarmor."
Fees
Upgrades
Interoperability
- Has been getting an influx of Ethereum NFTs ported over, funnily enough, then the Ordinal NFTs would get send back to Ethereum to sell them.
Other Details
Oracle Method
Their Other Projects
Roadmap
- Can be found [Insert link here].
Revenue
Usage
Projects that use or built on it
Competition
- What distinguishes Ordinals from earlier projects is that the digital assets are inscribed directly onto satoshis, the lowest denomination of a Bitcoin, without needing a sidechain or token.
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
- Casey Rodarmor; creator
Funding
Partners
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