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NFTSupplyWhat Are Uncommon, Pizza, Rare, Epic, Legendary & Mythic Satoshis (sats)?
Not All Satoshi’s Are Created Equally.People who enjoy collecting special things are always on the lookout for unique items to add to their collections. Just like some collectors consider CryptoPunks to be the ultimate treasures in the world of digital art, there are also highly valued artworks called Chromie Squiggles that are admired by generative art collectors. When it comes to collecting Bitcoin Ordinals, a fascinating type of collectible are the rare satoshis, also known as "sats," whic...
NFTSupplyBitcoin Ordinals for Dummies
Fundamentals1 Bitcoin = 100 million satoshis 1 ETH = 1 billion gwei 1 USD = 100 cents 1 Bitcoin = $23,600 1 Satoshi = $0.000236What are “sats”?“Sats” is shorthand for “satoshis”. When you see people say “stack sats” that means “stack satoshis” aka, buy more Bitcoin, as 100 million sats equals 1 Bitcoin.What is an ordinal?According to the official documentation definition, an ordinal is a way of assigning individual identities to each satoshi. This means that each satoshi can be tracked, trans...
NFTSupplyBitcoin Ordinal Wallets
Bitcoin wallets enable individuals to store, send and receive Bitcoin, aka satoshis. These wallets can be broadly categorized into two types - hot wallets and cold wallets.Hot wallets are online wallets that are connected to the internet and can be accessed through various devices, including smartphones and laptops. They are more convenient and easier to use, but are also more vulnerable to hacking attempts.Cold wallets are offline wallets that provide a higher level of security, as they are ...
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Discover how to buy and sell Bitcoin Ordinals on a completely trustless platform, with no middlemen or escrow.
Marketplaces can significantly benefit the Bitcoin Ordinal ecosystem by providing a more accessible, efficient, and transparent trading environment for collectors and flippers. By facilitating peer-to-peer (p2p) transactions and enabling price discovery, marketplaces can increase liquidity and reduce volatility in the market. Additionally, marketplaces can help to break down barriers to entry and promote innovation in the space by creating more opportunities for developers, investors, and bitcoin enthusiasts alike, to participate in the ordinals ecosystem.
Unlike Ethereum, there are no smart contracts on the Bitcoin network.
When you list an ordinal for sale, on a marketplace like OpenOrdex, what you are actually doing behind the scenes is posting a Partially Signed Bitcoin Transaction (PSBT) and waiting for a buyer to meet the listed price. Once the transaction parameters are met, the listed price is sent to the seller’s wallet, while the ordinal goes to the buyer’s. With a marketplace like OpenOrdex, your ordinal never leaves your wallet until the transaction is finalized, broadcasted, and mined into a block.
Discover how to buy and sell Bitcoin Ordinals on a completely trustless platform, with no middlemen or escrow.
Marketplaces can significantly benefit the Bitcoin Ordinal ecosystem by providing a more accessible, efficient, and transparent trading environment for collectors and flippers. By facilitating peer-to-peer (p2p) transactions and enabling price discovery, marketplaces can increase liquidity and reduce volatility in the market. Additionally, marketplaces can help to break down barriers to entry and promote innovation in the space by creating more opportunities for developers, investors, and bitcoin enthusiasts alike, to participate in the ordinals ecosystem.
Unlike Ethereum, there are no smart contracts on the Bitcoin network.
When you list an ordinal for sale, on a marketplace like OpenOrdex, what you are actually doing behind the scenes is posting a Partially Signed Bitcoin Transaction (PSBT) and waiting for a buyer to meet the listed price. Once the transaction parameters are met, the listed price is sent to the seller’s wallet, while the ordinal goes to the buyer’s. With a marketplace like OpenOrdex, your ordinal never leaves your wallet until the transaction is finalized, broadcasted, and mined into a block.
NFTSupplyWhat Are Uncommon, Pizza, Rare, Epic, Legendary & Mythic Satoshis (sats)?
Not All Satoshi’s Are Created Equally.People who enjoy collecting special things are always on the lookout for unique items to add to their collections. Just like some collectors consider CryptoPunks to be the ultimate treasures in the world of digital art, there are also highly valued artworks called Chromie Squiggles that are admired by generative art collectors. When it comes to collecting Bitcoin Ordinals, a fascinating type of collectible are the rare satoshis, also known as "sats," whic...
NFTSupplyBitcoin Ordinals for Dummies
Fundamentals1 Bitcoin = 100 million satoshis 1 ETH = 1 billion gwei 1 USD = 100 cents 1 Bitcoin = $23,600 1 Satoshi = $0.000236What are “sats”?“Sats” is shorthand for “satoshis”. When you see people say “stack sats” that means “stack satoshis” aka, buy more Bitcoin, as 100 million sats equals 1 Bitcoin.What is an ordinal?According to the official documentation definition, an ordinal is a way of assigning individual identities to each satoshi. This means that each satoshi can be tracked, trans...
NFTSupplyBitcoin Ordinal Wallets
Bitcoin wallets enable individuals to store, send and receive Bitcoin, aka satoshis. These wallets can be broadly categorized into two types - hot wallets and cold wallets.Hot wallets are online wallets that are connected to the internet and can be accessed through various devices, including smartphones and laptops. They are more convenient and easier to use, but are also more vulnerable to hacking attempts.Cold wallets are offline wallets that provide a higher level of security, as they are ...
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