What is ordinal theory in Bitcoin?

In the context of Bitcoin, Ordinal Theory is a proposed methodology for identifying each satoshi via a serial number and tracking them in the Bitcoin coin supply, from first minting through their entire lifespan of transactions. Thus, ordinal inscriptions are digital assets, similar to NFTs, inscribed on a satoshi in the Bitcoin network.

How to trade Bitcoin ordinals?

Bitcoin Ordinals can be bought, sold, and traded like traditional NFTs. There are several different marketplaces, such as Ordinals Wallet and OKX, that allow you to trade Bitcoin Ordinals. The Bitcoin Ordinals market is much less active than NFTs on other blockchains.

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.