About Bitcoin NFT (Ordinal Inscriptions)
What is Bitcoin NFT or Ordinal Inscriptions? It is something new that the Bitcoin community is enthusiastic about.
Ordinal Inscriptions, like NFTs, record digital assets in the smallest unit of Bitcoin called a Satoshi. This was made possible by the Taproot upgrade introduced to the Bitcoin network on November 14, 2021.
The Ordinal Inscription process begins with the writing or recording of content data stored in the witness of a Bitcoin transaction. This was introduced by the SegWit upgrade introduced to the Bitcoin network in 2017.
Creating an Ordinal begins with the user downloading Bitcoin Core and syncing the node to the blockchain. Once synchronization is complete, the next step is to create an Ordinal wallet and send some satoshis to the wallet.
Ordinal can be a complex process due to the size of the Bitcoin blockchain and the need to use Command Line (Windows) or Terminal (Mac/Linux).
A race is underway to develop an even more seamless way to record with Bitcoin, as well as a wallet that can display the Bitcoin NFTs created. Projects offering services that make this possible include the Bitcoin NFT marketplace on Stacks, which offers a paid service for recording images and text, Gamma, and Oridalsbot from the creator of the Satoshibles NFT collection There are also
Also on Tuesday, Hiro Systems announced support for Odinals in its Hiro Wallet. And on Wednesday, Xverse, a Bitcoin-based web wallet, also began supporting Bitcoin NFTs.
Note: Although this section provides a basic overview of Bitcoin NFTs (Ordinal Inscriptions), additional research is required to learn more about the process of creating them. If you need specific instructions, consider trying a different search query to access sources that may contain that information.
※Reference URL:What Are Ordinals? A Beginner’s Guide to Bitcoin NFTs
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