<p>Bitcoin ordinals, also known as ordinal NFTs (Non-Fungible Tokens), have gained significant attention in the world of cryptocurrency and blockchain technology. These unique digital assets have been a subject of interest and debate among investors, collectors, and enthusiasts alike. In this article, we will explore what Bitcoin ordinals are, their use cases, how they differ from <a href="https://nftandgamefi.com/2022/02/05/understanding-nfts-everything-you-need-to-know-before-buying/" rel="noopener noreferrer nofollow">traditional NFTs</a>, and the ongoing debates surrounding them.</p><h2 id="header-0">Bitcoin ordinals – what is it?</h2><p>Bitcoin ordinals are a form of digital asset that are created on the Bitcoin blockchain using the concept of ordinality. Ordinality refers to the concept of assigning a unique numerical value or “rank” to each digital asset based on its creation timestamp. In other words, the first ordinal NFT minted would be assigned a rank of 1, the second would be assigned a rank of 2, and so on. This unique numerical rank serves as a way to differentiate and identify each digital asset, making it one-of-a-kind.</p><h2 id="header-1">Use cases of Bitcoin ordinals</h2><p>Bitcoin ordinals have various use cases in the cryptocurrency ecosystem. One of the primary use cases is digital art. Artists can mint their artwork as ordinal NFTs, creating a digital certificate of ownership that can be bought, sold, and traded on the blockchain. This allows artists to monetize their creations and provides collectors with a unique digital asset that holds value. Additionally, <a href="https://blog.chain.link/ordinals-bitcoin-nfts/" rel="noopener noreferrer nofollow">ordinal NFTs can also be used for </a><strong><em><a href="https://blog.chain.link/ordinals-bitcoin-nfts/" rel="noopener noreferrer nofollow">virtual goods</a>, virtual real estate, domain names, and other digital assets, providing a new way to buy, sell, and trade digital items</em></strong>.</p><p>Read the fu article:<a href="https://nftandgamefi.com/2023/04/17/bitcoin-ordinals-explained/" rel="noopener noreferrer nofollow">Are ordinals good for Bitcoin?</a></p>

Are ordinals good for Bitcoin?

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