ORDI (Ordinals) Project Analysis
1. Research Institute Review
ORDI token is the first bitcoin-based non-homogeneous token (NFT), Ordinals protocol is a numbering system for sat, giving each sat a serial number, so that Ordinals protocol short gives each sat the uniqueness of inscription, that is, the text/picture/video files engraved on the sat, the outside world is currently more Inscription likes to call him the NFT of BTC. Market potential, speculate on new trends, explore emerging markets, return to BTC. unisat_wallet opened the trading market on line #BRC20 token $Ordi, formed a lot of discussion. $Ordi has achieved 100 times the coin and started to have a broken circle effect, the project side of their Ordinal's NFT also has some potential, but the current concept of BRC20 tokens has just emerged and is more hot and certain.
2. recent breakout point
BRC20 + wallet + MEME + NFT
3. Project Introduction
Ordinals is a Bitcoin-based non-homogenized token (NFT) wallet that allows users to buy, sell and collect unique digital artifacts and collectibles such as Pixel Pepes, Bitcoin Punks, Planetary Ordinals, etc. https://ordinalswallet.com/ . The main function of this website is to provide a secure and convenient way to manage users' NFT assets as well as provide some data and information about the NFT market, a wallet for buying, selling and collecting Ordinals NFT and Inscriptions on Bitcoin.
4. Token Role
The Ordinals protocol is a system of numbering sat, giving each sat a serial number, so that the Ordinals protocol short gives the uniqueness of each sat inscription, which is a text/image/video file engraved on the sat.
5. Token economic model
The total supply of ORDI is capped at 21 million tokens, and the number of tokens issued is limited to 1000 at a time.
6. Project Highlights
The ORDI token is the first ever BRC-20 token, the main role of the ORDI token is to act as a meme to demonstrate the potential of the BRC-20 standard.
7. Investment Institutions
None
8. Community
Community:53,000 people on Twitter, 45,000 people on Discord
9. special economic model
None
10. Future Outlook
BRC-20 is an alternative token standard developed specifically for the Bitcoin blockchain.BRC-20 uses JavaScript Object Representation (JSON) ordinal inscriptions to deploy token contracts as well as to mint and transfer tokens. Tokens can be attributed to Satoshi and then traded or exchanged with other tokens, just like with other tokens. While it sounds similar to Ether's ERC-20 token standard, you need to be aware of some key differences. bRC-20 uses a proof-of-work mechanism because it is on the Bitcoin blockchain, while ERC-20 uses a proof-of-stake mechanism on the Ether blockchain. the BRC-20 token standard also does not support smart contracts, a feature that makes ERC-20 tokens very Popularity. Smart contracts enable developers to create programmable currencies, automate various financial processes and create new financial products. However, despite this limitation, BRC-20 tokens like ORDI, PEPE and PUNK are gaining traction and attention.
Basic Information
Project Description.
The ORDI token is a Bitcoin-based non-homogenized token (NFT) that is the first token to use the BRC-20 standard.BRC-20 is a new Bitcoin token standard that uses JSON data with serial numbers to deploy token contracts, mint tokens, and transfer tokens.The name BRC-20 is modeled after the ERC-20 token standard for ethereum, but BRC- 20 is simpler and more limited.
Full name of the coin: Ordinals
Token name: ORDI
Project website: https://ordinalswallet.com/
Project Documentation: GitHub - ordinals-wallet/ordinals-collections: A place for creators & builders to organize ordinal collections!
Block queries:
Blockchain Explorer - Bitcoin Tracker & More | Blockchain.com
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2023/5/8