What is a bitcoin ordinal?

Bitcoin Ordinals are “ sats ” or satoshis that have been ordered and inscribed with a piece of information, such as text or an image. This piece of information makes the sat unique and turns it into a de-facto NFT. Sats are the smallest unit of Bitcoin with a value of 0.00000001 BTC.

Are ordinal NFTS bitcoin-native?

Unlike their predecessors, ordinal NFTs don’t exist on a separate layer from Bitcoin. Rather, they use an arbitrary but logical ordering system called ordinal theory to give each individual Bitcoin satoshi a unique number. In this regard, ordinal NFTs are completely Bitcoin-native.

Can a bitcoin ordinal be deleted?

Since bitcoin’s BTC 0.0% creation in 2009, it has functioned as a sovereign digital currency. In January 2023, bitcoin ordinals introduced a second practical use case for bitcoin: Data storage. Once inscribed on the blockchain, an ordinal can never be edited or deleted. Ordinals will exist online as long as bitcoin exists.

How long will ordinals exist online?

Ordinals will exist online as long as bitcoin exists. It’s this permanence that make ordinals special. They inherit the power of bitcoin’s forever database to archive data online… forever. Bitcoin ordinals allow anyone to upload up to 4MB of data to the Bitcoin blockchain. Although, every MB comes at a price.