SHIB (Ordinals)
1. Summary
- Description
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Overview
Overview
SHIB (Ordinals) is a crypto project that leverages the Bitcoin blockchain to create unique digital artifacts, similar to NFTs. Built using the Ordinals protocol, these artifacts are recorded directly on the Bitcoin blockchain.
Ordinals Protocol
The Ordinals protocol, developed by Casey Rodarmor, is divided into two key components: Ordinal theory and inscription. Ordinal theory assigns unique numerical values to Satoshis based on periodic events in the Bitcoin blockchain, such as blocks, difficulty adjustment periods, halvings epochs, and cycles. This allows for tracking and identification of individual Satoshis, effectively making them non-fungible items.
Inscription
The inscription process involves linking content to a specific Satoshi using the Ordinals software. The Ordinals explorer can be used to read these inscriptions, which are stored within a script of a Taproot transaction. Unlike most Ethereum NFTs which store media content off-chain, Ordinals store the content itself on-chain, making each Satoshi a unique digital asset.
Applications
SHIB (Ordinals) enables the creation of digital artifacts, similar to NFTs, but fully recorded on the Bitcoin blockchain. It enhances the Bitcoin ecosystem by offering new possibilities for digital collectibles and unique assets.
Price | |
52W High price | $0.000000099500 |
52W High date | 8th Dec 2023 (10 months ago) |
All Time High (ATH) Date | 5th Sep 2024 (1 month ago) |
All Time Low (ATL) Date | 5th Sep 2024 (1 month ago) |
Supply & Trading Volume | |
Trading Volume (24h) | $17.00 |
How does SHIB (Ordinals)'s () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
-4.8%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
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No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
Explorer | https://ordinalswallet.com/inscription/a3936248b5a... |
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What is the correct contract address for SHIB (Ordinals)?
Ordinals | a3936248b5adc4f8ab980e6e9ca3389a84c7433df2a88822e29d8ee9d61c4eb2i0 |
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Has SHIB (Ordinals) been audited for security?
No security audits found for this project.
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