What Are Bitcoin Ordinals And How Do They Work?

Onearns09 Apr, 2023Finance

What is a Bitcoin ordinal? A Bitcoin ordinal is a unique identifier that is assigned to every transaction on the Bitcoin network. Think of it as a digital receipt that proves you have sent or received a certain amount of Bitcoin. Bitcoin ordinals are created by the miners who validate and confirm transactions on the blockchain. They are essentially a sequence of numbers that are generated using complex algorithms and are unique to each transaction.

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