Bitcoin ordinals are unique digital assets on the Bitcoin blockchain with potential use cases in art, gaming, and entertainment, and gained popularity especially through Bitcoin Ordinal NFT collections.
This article will start by delving into the development history of inscriptions, introducing the technical principles and underlying logic of inscription. Through real-life examples, it will guide you on how to inscribe, create your own inscriptions, and explore various ways to earn money through inscriptions. Finally, the article will engage in a discussion on the future development of inscriptions.
Bitcoin Ordinals is a protocol based on the Bitcoin blockchain that provides Bitcoin with non-fungible properties through the use of specified ordinals. It unlocks the potential for Bitcoin NFTs and other applications.
"Inscription," initially signifying ancient writings engraved on bronze ritual vessels to record the purpose of their making, has broadened to encompass any purposeful record left on diverse objects. In the realm of blockchain, an inscription typically refers to metadata, such as a string of text or an image, deliberately engraved onto transactions under specific standards. Inscriptions are renowned for their uniqueness and rarity in the blockchain world.
Step 1: Select an inscription with a minting progress less than 100%. Step 2: Proceed with the minting according to the protocol rules.
Inscription minting may fail due to simultaneous minting by multiple users. To confirm whether your inscription has been successfully minted, you can check the transaction records at the time of minting on a public blockchain explorer.
Users need to register for a Gate Web3 Wallet, switch to the network associated with the inscription and deposit the required funds (for instance, BTC is needed for purchases using BRC-20). After these steps, you can enter the Gate trading interface to execute transactions.
Given that the inscription market is in its early stages, it experiences significant price fluctuations. It is advised to conduct thorough research before investing and to make investment decisions based on individual risk tolerance.