Term

Ordinals

A method of assigning serial numbers to satoshis and attaching data (inscriptions) to them.

Type:
token
data
1
basic

Ordinals track individual satoshis and allow data inscriptions on-chain. This enables NFT-like artifacts directly on base-layer Bitcoin-style chains at the cost of larger blocks and potential fee spikes.

Example 1.1

"When inscriptions surge, mempools fill and fees rise as users compete to include large data transactions."

All terms and definitions may update as the Cryptionary improves.