What Are Ordinals? An Overview of Bitcoin NFTs | Binance Academy

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What Are Ordinals? An Overview of Bitcoin NFTs | Binance Academy
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Ordinals have brought art to Bitcoin. The ability to inscribe data directly on chain has led to many new NFT-style projects building on Bitcoin. If you’re still new to ordinals, here’s the blog for you.

Every bitcoin consists of 100,000,000 satoshis . The Ordinals protocol allows for each individual satoshi to be identified and transacted with extra data attached .

History has proven that changing a piece of Bitcoin’s code is extremely difficult. This issue is mainly due to the decentralized network of nodes and developers who don’t want to risk network security. As such, Bitcoin NFTs have not gained as much traction. Nevertheless, the growth of the crypto ecosystem has opened the gates to more innovative minds for whom the creation of Bitcoin NFTs is part of the future of Web3.

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