bitcoin
Bitcoin (BTC) $ 51,091.69 1.02%
ethereum
Ethereum (ETH) $ 2,936.63 1.56%
tether
Tether (USDT) $ 1.00 0.04%
omni
Omni (OMNI) $ 1.67 6.70%
bnb
BNB (BNB) $ 373.80 1.56%
usd-coin
USDC (USDC) $ 1.00 0.07%
xrp
XRP (XRP) $ 0.533586 1.69%
cardano
Cardano (ADA) $ 0.581975 1.97%
dogecoin
Dogecoin (DOGE) $ 0.084518 0.33%
staked-ether
Lido Staked Ether (STETH) $ 2,933.18 1.62%
matic-network
Polygon (MATIC) $ 0.96983 0.09%
solana
Solana (SOL) $ 100.61 3.64%
polkadot
Polkadot (DOT) $ 7.48 1.61%
litecoin
Litecoin (LTC) $ 68.58 1.20%
avalanche-2
Avalanche (AVAX) $ 36.07 3.22%
shiba-inu
Shiba Inu (SHIB) $ 0.00001 1.06%
binance-usd
BUSD (BUSD) $ 1.00 0.22%
dai
Dai (DAI) $ 1.00 0.02%
uniswap
Uniswap (UNI) $ 11.11 49.46%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 51,092.69 1.02%
chainlink
Chainlink (LINK) $ 17.94 2.64%
cosmos
Cosmos Hub (ATOM) $ 9.92 0.55%
the-open-network
Toncoin (TON) $ 2.09 0.10%
leo-token
LEO Token (LEO) $ 4.12 1.05%
okb
OKB (OKB) $ 50.62 0.96%
ethereum-classic
Ethereum Classic (ETC) $ 25.55 1.37%
monero
Monero (XMR) $ 122.47 0.30%
stellar
Stellar (XLM) $ 0.115059 0.40%
filecoin
Filecoin (FIL) $ 8.10 1.20%
bitcoin-cash
Bitcoin Cash (BCH) $ 264.14 0.79%
aptos
Aptos (APT) $ 9.14 2.14%
lido-dao
Lido DAO (LDO) $ 3.15 4.05%
arbitrum
Arbitrum (ARB) $ 1.78 3.51%
hedera-hashgraph
Hedera (HBAR) $ 0.110879 3.77%
near
NEAR Protocol (NEAR) $ 3.31 2.20%
true-usd
TrueUSD (TUSD) $ 0.975835 0.33%
vechain
VeChain (VET) $ 0.044109 1.07%
internet-computer
Internet Computer (ICP) $ 12.36 4.57%
crypto-com-chain
Cronos (CRO) $ 0.091496 0.81%
quant-network
Quant (QNT) $ 103.13 0.47%
apecoin
ApeCoin (APE) $ 1.67 1.91%
algorand
Algorand (ALGO) $ 0.187377 1.72%
the-graph
The Graph (GRT) $ 0.273479 3.64%
fantom
Fantom (FTM) $ 0.395504 4.20%
eos
EOS (EOS) $ 0.818145 6.30%
the-sandbox
The Sandbox (SAND) $ 0.500549 0.95%
decentraland
Decentraland (MANA) $ 0.482317 1.08%
aave
Aave (AAVE) $ 95.13 3.11%
blockstack
Stacks (STX) $ 2.47 4.52%
theta-token
Theta Network (THETA) $ 1.20 1.63%
elrond-erd-2
MultiversX (EGLD) $ 56.55 3.25%
tezos
Tezos (XTZ) $ 1.09 2.54%
flow
Flow (FLOW) $ 0.987496 6.10%
rocket-pool
Rocket Pool (RPL) $ 27.39 1.69%
axie-infinity
Axie Infinity (AXS) $ 7.78 0.28%
frax
Frax (FRAX) $ 0.999652 0.00%
immutable-x
Immutable (IMX) $ 3.14 5.65%
paxos-standard
Pax Dollar (USDP) $ 1.00 0.05%
neo
NEO (NEO) $ 12.51 0.12%
radix
Radix (XRD) $ 0.044544 6.81%
The Rise of Bitcoin Ordinals

Originally aired on May 10, 2023

Summary

Bitcoin is no longer just for payments, as ordinals have paved the way for NFTs on the Bitcoin blockchain. Ordinals give unique IDs to each mined sat, allowing for images and other data to be inscribed into them, thus creating an NFT that can be bought and sold.

What is an ordinal and how does it work on Bitcoin?

  • The ordinal protocol gives each mined sat a unique ID.
  • This ID allows for data like images to be inscribed into the sat, making it an NFT.
  • All data is 100% on-chain, making Bitcoin a secure and decentralized database.
  • The Taproot upgrade unlocked unlimited data storage on Bitcoin.
  • However, storing data on Bitcoin comes with a higher cost due to the replication and decentralization across all full Bitcoin nodes.
  • Ordinals are becoming increasingly popular, with high volume on their marketplace and big players like Yuga Labs, Bugatti, and d-gods from Solana participating.