Bitcoin Ordinals are a new feature that allows users to identify and differentiate individual satoshis (one-millionth of a bitcoin). This opens up the possibility for Bitcoin to enter the realm of digital collectibles and NFTs. Bitcoin Ordinals assign a unique identifier number to each satoshi, allowing for individual tracking and storage of data on-chain. To buy Bitcoin Ordinals, users will need a wallet compatible with Taproot addresses. Currently, the main use case for Bitcoin Ordinals is in artwork, with sales reaching over $170 million in March 2024. However, there are concerns about privacy, surveillance, and potential impact on BTC prices. Despite these issues, Bitcoin Ordinals have been well-received by cryptocurrency enthusiasts, and the market is expected to continue developing.



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