Seconds to understand Ordinals

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Ordinals and BRC-20, Casey and domo's Pleasure.

The Pandora's Box of Bitcoin was opened by a man named Casey Rodarmor (@rodarmor).

In December 2022, Casey launched the Ordinals agreement. It gives each Satoshi a unique serial number and tracks them in the transaction. Anyone can attach additional data through Ordinals, including text, pictures, movies, etc., which is determined by the Permissionless nature of blockchain/bitcoin.

In the early days, Ordinals was far less popular than it is today. Players mainly created NFT on it, and the transaction volume was not large. The founder Casey's initial positioning for it is to let people store some eternal things on Bitcoin, the oldest and most consensus chain. So for a period of time, many people will equate Ordinals with Bitcoin NFT.

Things changed on March 8, 2023. An anonymous developer named @domodata launched BRC-20 based on the Ordinals protocol. This name reminds people of the ERC-20 token standard in Ethereum. Yes, you can simply understand that BRC-20 is a counterfeit currency distribution agreement based on Ordinals (that is, based on Bitcoin).

Issuing counterfeit coins on BTC? Most people's first feeling is magic, driving backwards. When the first token, $Ordi, was issued, a substitute tool like Unisat had not appeared, and it was necessary to run all nodes of Bitcoin locally, so technology developers like @shep_eth seized the opportunity and got chips at a very low cost.

After grinding a sword for half a year, the agreement rookie Atomicals turned to the forefront.

about three months after its release, another anonymous developer noticed it. After some deliberation and research, he thinks that Ordinals has some shortcomings.

Then he started to work. After intensive development in June and July, he launched the Atomics Protocol (@ Atomics XYZ) in September. In the early morning of September 21, someone issued the first token $Atom in the Atomicals agreement, which was dug up in about five hours. $ TERM needs to mine through the computer CPU, and it needs to install and configure the local environment, which is more technical (Geek) and fairer to some extent than BRC-20' s way of pulling gas directly.

At the bottom, there are several important differences between Atomicals Protocol and Ordinals:

1. Atomics is based on BTC's UTXO for casting and dissemination, with 1 token = 1 sat, which is more suitable for Bitcoin technology, and does not bring additional burden to BTC network. The "orthodoxy" of technology is better, which is more in line with BTC Maxi's fundamentalist technical aesthetics;

2. Comparatively speaking, Ordinals is a "laissez-faire", and it has no coin-issuing agreement (hence the later BRC-20), but when Atomicals protocol was introduced, the ARC-20 token standard and other more use cases were already defined.