Ordinals Coin (ORDI) is the first BRC-20 token created using Bitcoin's Ordinals protocol. It is a memecoin designed to showcase the capabilities of the Ordinals technology, enabling the creation and trading of custom tokens directly on the Bitcoin network. ORDI represents a significant step in expanding Bitcoin's utility beyond its traditional role as a store of value.
ORDI operates on the Bitcoin blockchain using the Ordinals protocol and the BRC-20 token standard. The Ordinals protocol allows data to be inscribed directly onto satoshis, Bitcoin's smallest units, enabling the creation of NFT-like assets and custom tokens without relying on external smart contract platforms. ORDI inherits Bitcoin's Proof of Work (PoW) consensus mechanism, ensuring its security and decentralisation.
ORDI has several use cases, particularly within the growing ecosystem of Bitcoin-based tokens and digital assets:
ORDI is relevant across industries such as cryptocurrency trading, digital collectibles and NFTs, and decentralised finance (DeFi) on Bitcoin.
ORDI was launched in March 2023 as the first BRC-20 token, based on the Ordinals protocol developed by Casey Rodarmor in January 2023. Significant milestones in its history include:
Since its launch, ORDI has rapidly gained traction, becoming a key player in the Bitcoin-based token ecosystem. It has driven increased activity and fees on the Bitcoin network, showcasing the potential for diverse digital assets to thrive on Bitcoin.