2024-4-17 00:29 |
Why you should listen
Nick from Gamma joins Andy to discuss Bitcoin, the halving, memecoins, Runes, and Ordinals. Ordinals are Bitcoin NFTs you can mint directly on the Bitcoin blockchain. Each sat (the smallest unit of Bitcoin) can be inscribed with data, such as JPGs, GIFs, PDFs and more, creating a Bitcoin Ordinal Inscription.
Thanks to Ordinal Theory (which references the ordering of individual Satoshis), we can now inscribe data onto single Satoshis on the Bitcoin blockchain directly and transact them like NFTs. Whether it’s an image, a memo, or anything else you want to inscribe, this data is immutably and securely stored directly on the L1 Bitcoin Blockchain.
With the rise in interest around Ordinals, Bitcoin blockchain activity has increased, giving miners more fees and putting positive effects on the security and decentralization of Bitcoin. And because of Bitcoin’s robustness, every inscription is immutably and permanently secured on the Bitcoin blockchain.
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