What are Bitcoin Ordinals?
2025-08-11
Bitcoin Ordinals is an innovative protocol based on the Bitcoin blockchain that allows users to attach data to the smallest unit of Bitcoin, Satoshi, to create unique digital assets. The concept was proposed by developer Casey Rodarmor in 2023 to take advantage of the security and decentralized nature of the Bitcoin blockchain to provide users with a new way to create and manage digital assets.
The Core Concept of Bitcoin Ordinals
The core of Bitcoin Ordinals is to embed data (e.g. text, images, audio, etc.) into the smallest unit of Bitcoin, the Satoshi. Each Satoshi has a unique ordinal number, which makes each Satoshi to which data is attached a unique digital asset. These assets are called "Inscriptions" and can be traded and transferred just like regular Bitcoin.
Advantages of Bitcoin Ordinals
- Decentralization and Security Since Bitcoin Ordinals is based on the Bitcoin blockchain, it inherits the decentralized and secure features of Bitcoin. All inscriptions are stored on the Bitcoin blockchain without relying on third-party platforms or services.
- Uniqueness and scarcity Each inscription is unique because they are bound to a specific Satoshi. This opens up new possibilities for the scarcity and collectible value of digital assets.
- No additional tokens required Bitcoin Ordinals do not need to create new tokens or blockchains, but directly leverage the existing Bitcoin network. This reduces technical complexity and potential risk.
Bitcoin Ordinals Application Scenarios
Bitcoin Ordinals has a wide range of application scenarios, including but not limited to:
- Digital Art : Artists can embed their work in Satoshi to create unique digital artworks.
- Collectibles : Users can create and trade unique digital collectibles such as virtual cards or memorabilia.
- Data Storage : Important data can be permanently stored on the Bitcoin blockchain by means of inscriptions, ensuring its security and immutability.
Conclusion
Bitcoin Sequence brings entirely new application possibilities to the Bitcoin blockchain. By embedding data into "Satoshi", users can create and trade unique digital assets. This innovation not only expands the functionality of Bitcoin, but also provides new development directions for digital art, collectibles and other fields. However, the application of this technology may also face challenges such as increased transaction fees or disputes within the community. As the technology evolves, the potential of Bitcoin Sequence remains to be further verified.
This material is for general information purposes only. It does not constitute, nor should be interpreted as, any form of solicitation, offer or recommendation of any product or service. It does not constitute investment, tax or legal advice. In no event should any news release be considered as recommendation of a particular type of digital asset.
This material may include market data prepared by HashKey Exchange or data from third party sources. While HashKey Exchange makes reasonable efforts to ensure the reliability of such third-party information, such information may have not been verified. Graphics are for reference only. We make no representation or warranty, express or implied, to the timeliness, accuracy or completeness of the information in this material. Information may become outdated, including as a result of new plans, regulations or changes in the market. In making investment decisions, investors should not solely rely on the information contained in this material. The risk of loss in trading digital assets can be substantial and is not suitable for all investors.
Any forward-looking statements in this material is subject to several conditions, uncertainties and assumptions. We undertake no obligation to update or revise any forward-looking statements.
The English version shall prevail if there is any inconsistency between the English and Chinese versions.