Bitcoin Ordinals are a rapidly growing technology that has opened the door for Non-Fungible Tokens (NFTs) to be created on the Bitcoin Network. By linking data (such as pictures, text, etc) to a unit of satoshis, NFTs can be created without the dependence on Layer 2 solutions. As satoshi is the smallest unit of currency found on the Bitcoin network, users can use up to 100 million satoshis to create an NFT.

In recent years, NFTs have been the talk of the blockchain world. Not only have the costs of NFTs gone down, but the user base has also experienced a significant drop. However, there is still a large, active community of individuals who use them on various networks. On February 13th, the number of Inscriptions that are created with the help of Ordinals exceeded 1 million.

Prior to the invention of Bitcoin Ordinals, many believed that Bitcoin was not capable of creating and supporting NFTs. Due to its high market capitalization, Bitcoin is considered to be a very secure network, with a high store of value. Therefore, when interest in NFTs began to grow, many users left the Bitcoin network and moved to other blockchain networks with the belief that Bitcoin was not capable of executing NFT transactions. With the debut of Bitcoin Ordinals, users are now able to create NFTs on the Bitcoin network.



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