Welcome to r/BitcoinOrdinals!
If you're new to Bitcoin Ordinals, don't worry! This subreddit is the perfect place to learn more about the protocol, ask questions, and discuss its potential uses and applications. Our friendly moderator team is dedicated to creating an inclusive, safe, and educational environment for our community, and we welcome all questions and discussions related to Bitcoin and Ordinals.
No dumb questions! Ask anything!
What are Bitcoin Ordinals?
Bitcoin Ordinals are a type of cryptographic token that are used to encode a specific order of events in the Bitcoin blockchain. They are created through a process known as “commitment ordering” which uses cryptographic hashes to create a unique identifier for each transaction. This unique identifier is then used to create a “commitment chain” which ensures that transactions are processed in the same order in which they were received. Bitcoin Ordinals are immutable and cannot be modified or reversed, providing a secure way to record and validate the order of transactions on the Bitcoin network.
Bitcoin Ordinals are different from other NFTs in several ways. Unlike other NFTs, Bitcoin Ordinals are not created through a smart contract and are instead issued through the Bitcoin blockchain. Additionally, Bitcoin Ordinals have a unique proof-of-burn mechanism that ensures scarcity and prevents inflation. Bitcoin Ordinals also have a fixed denomination of one satoshi, making them the smallest denomination of NFTs available. Finally, Bitcoin Ordinals are non-fungible, meaning they are unique and cannot be replicated or exchanged.
This technology is world changing.
Community Rules
To ensure that our community remains positive and engaging, we have implemented several recent changes. These include adding a set of rules to guide our discussions and interactions, properly coding our auto-moderator to help with some moderator tasks, and providing a wiki section that contains helpful information and resources. If you have any resources, links, or guides that you'd like to see in our wiki section, please comment below!
We will be diligently moderating the sub, but we do rely on the help of our members. If you see a problematic comment or post, or if something violates our rules, please report it so that we can easily review via our mod queue. If your post or comment is unexpectedly removed, this might be due to an auto-moderator removal. If so, you will receive details via direct message (not chat), so please check your DMs for all information, and contact us via Modmail with any further issues.
Finally, don't forget to try out one of our new User Flairs by commenting the proper code in the comments:
- !maxi! - Applies the '🥇 BTC Maxi 🥇' flair
- !dev! - Applies the ' 💽 Ordinals Dev 💽' flair
- !artist! - Applies the '🎨 Ordinals Artist 🎨' flair
i.e. Comment "!maxi!" and on r/BitcoinOrdinals your user flair will become '🥇 BTC Maxi 🥇'
Please note that giveaways, raffles, and promotions of Ordinals projects are 100% allowed. All we ask is that you use the proper post flair.
Onward to the Future
Here at r/BitcoinOrdinals, we believe that decentralized currency and assets have the power to change the world by empowering artists, enriching developers, and allowing the support of financial independence from traditional systems. We invite you to join us in building this community and exploring the exciting and evolving world of Bitcoin Ordinals. Welcome!
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