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1. What are Ordinals Inscriptions?

Ordinals Inscriptions are digital imprints implemented on the Bitcoin blockchain through the Ordinals protocol. In the Bitcoin ecosystem, the smallest unit of BTC is a satoshi (sat), with 1 BTC equaling 100 million satoshis. The Ordinals protocol allows users to directly embed data such as images, text, videos, and audio into satoshis, creating a form of digital artwork known as "Inscriptions." This process differs from NFTs on the Ethereum blockchain as it is directly recorded on the Bitcoin blockchain. BRC-20 (Bitcoin Reversible Coin 20) is a token standard based on the Bitcoin network, similar to the ERC-20 standard in the Ethereum network.

Unlike ERC-20 tokens, the minting of BRC-20 tokens is not done through smart contracts but through the Ordinals protocol, engraving text on satoshis to create a special type of Inscription. BRC-20 tokens have smart contract functionality, allowing for more complex financial interactions and applications, better integrating with the Bitcoin ecosystem.

In summary, Inscriptions are digital imprints directly minted, transferred, and destroyed on the Bitcoin blockchain through the Ordinals protocol, and can contain data such as images, text, videos, and audio. BRC-20 tokens are a special type of Inscription minted on Bitcoin through the Ordinals protocol, with smart contract functionality similar to ERC-20 tokens on Ethereum.

2. What is the value of Inscriptions?

The greater value of Inscriptions compared to NFTs lies in their uniqueness and technological innovation. While NFTs are also a form of digital asset, Inscriptions offer more possibilities and unique characteristics in some aspects:

Direct recording on the Bitcoin blockchain: Unlike NFTs using blockchains like Ethereum, Inscriptions are directly recorded on the Bitcoin blockchain. This gives Inscriptions stronger security and immutability, as the Bitcoin blockchain is currently one of the most secure blockchains.
Personalized digital gold: As Bitcoin serves as a storage unit for digital gold, Inscriptions add personalized and unique attributes to each satoshi. This feature may make Inscriptions more attractive in the field of digital gold, becoming a unique expression of digital gold.
Innovative concept Inscriptions: Inscriptions are not limited to storing images or files but can also be used to create concept Inscriptions. These concept Inscriptions may represent abstract concepts, ideas, or cultural values, providing a broader range of creative possibilities for digital assets.

3. What are the concepts of Inscriptions?

Concepts

What is an inscription?

Translation

1. What are Ordinals Inscriptions?

2. What is the value of Inscriptions?

3. What are the concepts of Inscriptions?

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