Bitcoin ATH, Ordinals, & The Three-Body Problem
Why You Should Listen Thanks to Ordinal Theory (which references the ordering of individual Satoshis), we can now inscribe data onto single Satoshis on the Bitcoin blockchain directly and transact them like NFTs. Whether...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Thanks to Ordinal Theory (which references the ordering of individual Satoshis), we can now inscribe data onto single Satoshis on the Bitcoin blockchain directly and transact them like NFTs. Whether it’s an image, a memo, or anything else you want to inscribe, this data is truly immutably and securely stored directly on the L1 Bitcoin Blockchain.
Before NFTs took off on Ethereum, NFTs had originated on Bitcoin. But due to the complexities and limitations of the Bitcoin blockchain, Bitcoin-native NFTs could never really take off — until now. At the time of writing, nearly 60 million inscriptions have been made, and creating your own inscriptions is easier than ever thanks to Gamma’s no-code Ordinal inscription tool. With the rise in interest around Ordinals, Bitcoin blockchain activity has increased greatly, giving miners more fees and putting positive effects on the security and decentralization of Bitcoin. And because of Bitcoin’s robustness, every inscription is immutably and permanently secured on the Bitcoin blockchain.
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Why this matters
This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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