{"id":7218,"date":"2023-04-26T23:57:55","date_gmt":"2023-04-26T23:57:55","guid":{"rendered":"https:\/\/monsterblockhk.com\/?p=7218"},"modified":"2026-05-04T08:22:27","modified_gmt":"2026-05-04T00:22:27","slug":"brc20-ordinals","status":"publish","type":"post","link":"https:\/\/monsterblockhk.com\/en\/brc20-ordinals\/","title":{"rendered":"Bitcoin NFT \u3011BRC-20 How to play and what is Ordinals? Teaching Articles"},"content":{"rendered":"
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With the BRC-20 standard, everyone can now issue tokens on the Bitcoin network just as they can on the Ether ecosystem, and the market's enthusiasm for BRC-20 was beyond expectation, with over 30,000 Ordinals Inscriptions minted in a record-breaking 24 hours.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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What is BRC-20?<\/h1>\t\t\t\t<\/div>\n\t\t\t\t
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The name is an interpretation of Ether's ERC-20 standard, which utilizes serial number mnemonics of JSON data to deploy token contracts, mint tokens, and transfer tokens.The BRC-20 standard is an experimental homogenized token standard created by @domodata on March 8 of this year. With BRC-20, everyone can issue tokens on the Bitcoin network just as they can on Ether!<\/b><\/span><\/span><\/p>\n\n<\/div>\n<\/div>\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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What is Ordinals<\/h1>\t\t\t\t<\/div>\n\t\t\t\t
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A Bitcoin can be divided into multiple units, each of which is called a \"satoshi,\" and the Ordinals protocol recognizes and trades each individual satoshi by inscribing text, images, music, videos, and other files on each satoshi through an Inscription action. Ordinals has the same characteristic as Bitcoin: decentralization.<\/b><\/span><\/span><\/p><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Bitcoin NFT, also known as the Bitcoin Ordinals Protocol, is a method of creating cryptographic asset content on the Bitcoin blockchain.Launched in January 2023 by Casey Rodarmor, the Ordinals Protocol allows the creation of different asset content on the Bitcoin blockchain, including text, images, music, and videos.<\/span><\/font><\/p>

Traditional Ether NFTs are similar to Ordinals in some ways, but these NFTs are usually made using smart contracts, and Ether NFTs are actually split into two parts, the \"token\" and the \"corresponding content\".<\/span><\/font><\/p>

Ether NFTs are essentially \"tokens\" on a chain, and their tokens point to \"corresponding content\", such as images, videos, text, etc. This metadata is hosted under the chain, so there is a certain degree of risk of loss, and it can be modified by others.<\/span><\/font><\/p>

Instead, BTC Ordinals are inscribed directly onto individual Satoshi and then incorporated into blocks of the Bitcoin blockchain, so the Ordinals inherit the simplicity, immutability, security and durability of Bitcoin itself.<\/span><\/font>
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Why should we be concerned about BRC-20?<\/span><\/div><\/h1>\t\t\t\t<\/div>\n\t\t\t\t
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