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Ordinal theory concerns itself with satoshis, giving them individual identities and allowing them to be tracked, transferred, and imbued with meaning. Satoshis, not bitcoin, are the atomic, native currency of the Bitcoin network. One bitcoin can be sub-divided into 100,000,000 satoshis, but no further. Ordinal theory does not require a sidechain or token aside from Bitcoin, and can be used without any changes to the Bitcoin network. It works right now. ord is an index, block explorer, and command-line wallet. It is experimental software with no warranty. Ordinal theory imbues satoshis with numismatic value, allowing them to be collected and traded as curios. Ordinal numbers are serial numbers for satoshis, assigned in the order in which they are mined, and preserved across transactions. ord relies on Bitcoin Core for private key management and transaction signing.
Features
- Ordinal theory imbues satoshis with numismatic value, allowing them to be collected and traded as curios
- Individual satoshis can be inscribed with arbitrary content, creating unique Bitcoin-native digital artifacts that can be held in Bitcoin wallets
- Inscriptions are as durable, immutable, secure, and decentralized as Bitcoin itself
- Other, more unusual use-cases are possible
- Off-chain colored-coins
- Public key infrastructure with key rotation
- Decentralized replacement for the DNS
Project Samples
