Glossary - ChicksX

Ordinals are unique identifiers on the Bitcoin blockchain, enabling detailed tracking and trading of individual satoshis like NFTs.

Ordinals are a protocol on the Bitcoin blockchain that assigns unique identifiers to individual satoshis, the smallest unit of Bitcoin. This allows each satoshi to be tracked, transferred, and inscribed with metadata, making them function similarly to NFTs (non-fungible tokens) on other blockchains. Ordinals enhance Bitcoin's utility by enabling the creation of digital assets and collectibles directly on its network. This innovation opens new possibilities for asset management and trading within the Bitcoin ecosystem. By attaching distinct information to each satoshi, ordinals bring a new dimension of uniqueness and traceability to digital currency transactions.