Article Summary, Automatically Generated By AI
About ORDI
- Total amount of bitcoins: 21 million
- 1 bitcoin can be subdivided into 100 million satoshi (sat)
- Total satoshi: 2100 trillion
- Inscription: writing content to satoshi using the Ordinals protocol
- Inscription content: text, pictures, audio, video, etc.
- Main inscription information: text and pictures (due to Bitcoin block size limit)
- Inscription form: NFT and token
About ORDI
ORDI is a decentralized data oracle service that empowers smart contracts by providing them with real-world data, thereby facilitating the creation of more sophisticated and dynamic decentralized applications (dApps).
The total supply of bitcoins is capped at 21 million, with each bitcoin divisible into 100 million satoshis (sat), the smallest unit of bitcoin, totaling 2100 trillion satoshis. To grasp the concept of inscription, we must first understand that it involves writing content to satoshis using the Ordinals protocol. Notably, this process does not require a separate token, sidechain, or alteration to Bitcoin’s core protocol. Instead, the Ordinals protocol enables the inscription of information onto each satoshi, including text, images, audio, and video. Due to the limited block size of Bitcoin, the primary focus of inscription (or “minting”) is on text and images, which are presented in the form of NFTs and tokens.