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What is Ordinals ?

Ordinals (ORDI) is a cryptocurrency that uses ordinal theory to assign unique serial numbers to Satoshis, the smallest units of Bitcoin. This allows for the attachment of various data, such as images, text, and videos, to individual Satoshis, effectively creating unique digital artifacts similar to non-fungible tokens (NFTs) on the Bitcoin blockchain.

How is Ordinals used?

Ordinals (ORDI) is a cryptocurrency that uses the Ordinals protocol to create a decentralized market for digital assets on the Bitcoin blockchain. The protocol allows users to inscribe digital content, such as text, images, and audio, onto individual satoshis, which are the smallest units of Bitcoin. This is made possible by the Taproot upgrade to the Bitcoin network, which enables the integration of NFTs into the Bitcoin ecosystem.

The ORDI coin is a native BRC-20 utility token that plays a central role in the Ordinals protocol. It was initially distributed through an airdrop to users of the protocol. The token is used to facilitate transactions and interactions within the Ordinals ecosystem, which includes the creation, buying, selling, and trading of digital assets.

To use Ordinals, users need to download and synchronize the Bitcoin Core software with the blockchain, then establish an Ordinals wallet. This wallet is designed to handle the unique aspects of Ordinal transactions. Users can transfer satoshis into this wallet to begin using the Ordinals protocol.

The Ordinals protocol assigns unique serial numbers to each satoshi, which are crucial for identifying and tracking each Bitcoin Ordinal. These serial numbers are determined by the mining and transfer history of the satoshis, creating a chronological order of creation and transfer. Unlike traditional NFTs, Ordinals inscriptions embed the data directly onto the satoshis, providing enhanced levels of security and immutability.

Overall, Ordinals (ORDI) is used to create, manage, and trade digital assets on the Bitcoin blockchain, leveraging the innovative Ordinals protocol to inscribe data onto satoshis and create unique digital assets known as "Ordinal Inscriptions."

How do I store Ordinals ?

To store Ordinals (ORDI) tokens, you can use several wallets that support the BRC-20 standard on the Bitcoin blockchain. Here are some options:

  1. Ordinals Wallet: This is a non-custodial wallet and marketplace specifically designed for Bitcoin users. It allows you to trade and manage Bitcoin-based assets, including Ordinals and BRC-20 tokens.

  2. Hiro Wallet: This wallet fully supports Ordinals, offering a user-friendly interface for easy management.

  3. XVerse Wallet: Similar to Hiro Wallet, XVerse also supports Ordinals and provides a convenient way to store and manage them.

  1. Unisat: This is a cutting-edge platform offering an open-source Chrome extension wallet for Bitcoin Ordinals and BRC-20. It expands trading possibilities and supports storing and transferring Ordinals NFTs.

These wallets are designed to handle the unique requirements of Ordinals and BRC-20 tokens, ensuring secure and efficient storage and management of your digital assets.

How to buy Ordinals ?

To buy Ordinals (ORDI) tokens, follow these steps:

  1. Choose a Crypto Exchange: Select a reputable cryptocurrency exchange that supports Ordinals, such as KuCoin, Binance, CoinEx, OKX, Bybit, gate.io, MEXC, or CEX.IO. Each exchange has its unique features, so research and compare fees, security, and supported currencies before making a choice.

  2. Create an Account: Register for a free account on the chosen exchange. This typically involves providing personal information, including your name and email address. You may also need to complete Know-Your-Customer (KYC) verification to increase withdrawal limits and unlock additional features.

  3. Add Funds: Deposit funds into your exchange account using a preferred payment method, such as a debit or credit card, wire transfer, or Bitcoin. Ensure you have sufficient funds to cover the desired amount of Ordinals you want to purchase.

  1. Place a Buy Order: Navigate to the Ordinals trading page and place a buy order. You can choose to buy a specific amount of Ordinals or set a limit order to purchase at a desired price. Confirm the transaction details and complete the purchase.

  2. Store Your Ordinals: After purchasing, store your Ordinals securely in a wallet. You can use the exchange's built-in wallet or transfer the tokens to a non-custodial wallet like a hardware wallet or paper wallet for added security.

Remember to stay informed about market trends and the performance of your investment.

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