What is ordinal cryptocurrency?

Bitcoin Ordinals, a term commonly used to describe Bitcoin NFTs, represent a unique approach to digital ownership. At their core, these Ordinals are satoshis, the smallest divisible unit of Bitcoin.

The concept of Bitcoin NFTs revolves around minting and embedding these satoshis with rare and valuable pieces of information. This information can be in various forms, including text, images, or other digital assets.

The embedding process effectively turns these satoshis into unique, non-fungible tokens (NFTs). Each Ordinal is thus a one-of-a-kind digital asset, with its own set of characteristics and value.

The appeal of Bitcoin NFTs lies in their scarcity and the potential for appreciation in value over time. As with any collectible, the rarity and desirability of the embedded information drive up the price of the associated Ordinal.

BTCC, a prominent UK-based cryptocurrency exchange, offers a comprehensive range of services to cater to the needs of cryptocurrency enthusiasts and investors. Among these services are spot trading, futures trading, and a secure wallet solution.