#Crypto Terms Explained: Exploring Bitcoin Inscriptions
Bitcoin Inscription, also known as Ordinal Inscription, is a revolutionary concept that has taken the Bitcoin network by storm. It refers to the process of attaching metadata, such as text, images, and videos, to a satoshi, the smallest unit of Bitcoin. This function enables diverse data types to be inscribed and linked into each individual satoshi, creating unique digital assets known as Digital Artifacts or Bitcoin-native Non-Fungible Tokens (NFTs)
Where it all began:
The Ordinals protocol, which introduced the concept of Bitcoin Inscription, was first launched on January 21, 2023, by software engineer Casey Rodarmor.
The protocol offered a unique way to inscribe data on Bitcoin’s tiniest unit, satoshis (or sats), resulting in what is known as an Ordinal Inscription. This is comparable to an NFT but with the significant distinction of being completely on-chain
How it works:
Inscriptions are a way to write arbitrary data, or “digital artifacts,” on the Bitcoin blockchain。 They inscribe sats with arbitrary content, creating Bitcoin-native digital artifacts, more commonly known as NFTs.
The mechanism used to store data is called an “envelope,” essentially a Bitcoin script written in such a way that it…
