ORDI
ORDI
ORDI
ORDI Timeline
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- Feb,2024ORDI reaches an all-time high, nearing $96, driven by a surge in Bitcoin’s price. This milestone reflects ORDI’s strong correlation with Bitcoin’s market movements.
- Apr,2023Ordinals activity surges, and by this time, over 1 million inscriptions have been made on the Bitcoin blockchain using the protocol. This milestone demonstrates the growing adoption of Ordinals and ORDI.
- Mar,2023ORDI, the first token based on the BRC-20 standard, is created using the Ordinals protocol. ORDI opens the door for creating fungible tokens on the Bitcoin network, a significant advancement in Bitcoin’s utility beyond financial transactions.
- Jan,2023The Ordinals protocol is officially launched by Casey Rodarmor. This innovation enables data such as images, text, and videos to be inscribed onto satoshis, the smallest units of Bitcoin. This marks a significant development in Bitcoin's ecosystem, bringing NFT-like functionality to the Bitcoin blockchain.
ORDI Info
- Feb,2024ORDI reaches an all-time high, nearing $96, driven by a surge in Bitcoin’s price. This milestone reflects ORDI’s strong correlation with Bitcoin’s market movements.
- Apr,2023Ordinals activity surges, and by this time, over 1 million inscriptions have been made on the Bitcoin blockchain using the protocol. This milestone demonstrates the growing adoption of Ordinals and ORDI.
- Mar,2023ORDI, the first token based on the BRC-20 standard, is created using the Ordinals protocol. ORDI opens the door for creating fungible tokens on the Bitcoin network, a significant advancement in Bitcoin’s utility beyond financial transactions.
- Jan,2023The Ordinals protocol is officially launched by Casey Rodarmor. This innovation enables data such as images, text, and videos to be inscribed onto satoshis, the smallest units of Bitcoin. This marks a significant development in Bitcoin's ecosystem, bringing NFT-like functionality to the Bitcoin blockchain.
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ORDI (ORDI) is a distinctive cryptocurrency that operates on the Bitcoin network, notable for being the first BRC-20 token. This classification is derived from its utilization of the Ordinals protocol. The Ordinals protocol was developed by software engineer Casey Rodarmor and is designed to embed data, such as text, images, audio, and video, directly onto each satoshi, the smallest unit of Bitcoin.
The significance of ORDI in the cryptocurrency space is marked by its impressive market value, which exceeded $1 billion as of December 2023. This milestone positioned ORDI as the first Bitcoin BRC-20 token to achieve such a high market valuation.
The Ordinals protocol, central to ORDI's functionality, allows for the inscription of content directly onto each satoshi of Bitcoin. This method doesn't require a separate token, sidechain, or any modification to the Bitcoin network itself. The content primarily includes text and images, due to the size constraints of Bitcoin blocks, and these inscriptions can take the form of both NFTs (Non-Fungible Tokens) and tokens like ORDI.
To summarize, ORDI is a pioneering memecoin on the Bitcoin network, leveraging the Ordinals protocol to embed data onto satoshis. It has achieved significant market value, and its price has shown considerable fluctuations.
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ORDI (ORDI) is a distinctive cryptocurrency that operates on the Bitcoin network, notable for being the first BRC-20 token. This classification is derived from its utilization of the Ordinals protocol. The Ordinals protocol was developed by software engineer Casey Rodarmor and is designed to embed data, such as text, images, audio, and video, directly onto each satoshi, the smallest unit of Bitcoin.
The significance of ORDI in the cryptocurrency space is marked by its impressive market value, which exceeded $1 billion as of December 2023. This milestone positioned ORDI as the first Bitcoin BRC-20 token to achieve such a high market valuation.
The Ordinals protocol, central to ORDI's functionality, allows for the inscription of content directly onto each satoshi of Bitcoin. This method doesn't require a separate token, sidechain, or any modification to the Bitcoin network itself. The content primarily includes text and images, due to the size constraints of Bitcoin blocks, and these inscriptions can take the form of both NFTs (Non-Fungible Tokens) and tokens like ORDI.
To summarize, ORDI is a pioneering memecoin on the Bitcoin network, leveraging the Ordinals protocol to embed data onto satoshis. It has achieved significant market value, and its price has shown considerable fluctuations.