A method of assigning serial numbers to satoshis and attaching data (inscriptions) to them.
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.
"When inscriptions surge, mempools fill and fees rise as users compete to include large data transactions."
A unique on-chain token representing distinct assets, rights, or collectibles.
A collection of transactions confirmed on the blockchain, each block building upon the previous one.
The amount paid to include a transaction in a block; incentivizes miners/validators and helps prevent spam.
A temporary storage space in a node for pending transactions that have not yet been included in a confirmed block.
All terms and definitions may update as the Cryptionary improves.