Discover the Bitcoin Ecosystem
The Bitcoin ecosystem includes the core Bitcoin blockchain, as well as a range of innovative technologies and solutions built on top of it. From Ordinals to Layer 2 solutions, explore how Bitcoin is evolving beyond simple transactions into a versatile network of applications and assets.
Ordinal Wallets
Ordinal wallets are Taproot-enabled, which is a requirement to interact with the Ordinals protocol. Moreover, Ordinals wallets are typically non-custodial, giving you complete control and ownership of your Ordinals collections. Ordinals wallets enable you to manage your Ordinals and seamlessly buy, sell, and inscribe Ordinals by connecting your wallet to Ordinals marketplaces.
Ordinals
Bitcoin Ordinals refer to unique digital assets on Bitcoin created by inscribing metadata on individual Satoshis. Based on Ordinal Theory and brought to life by the Ordinals protocol, Bitcoin Ordinals have birthed a new market for digital artifacts on the Bitcoin blockchain.
BRC-20
The BRC-20 token standard supports the creation and transfer of fungible tokens via a protocol. This protocol allows data to be inscribed onto individual fractions of a Bitcoin. Unlike other token standards, the BRC-20 standard operates differently. It uses inscriptions to program fractions of a Bitcoin, creating unique tokens. These tokens are nonfungible, meaning each one is unique and has distinct attributes.
Layer II
Bitcoin Layer 2 solutions are designed to process transactions off the main blockchain, thereby aiming to reduce the load on the network and increase efficiency. They also strive to enhance the programmability of Bitcoin and unlock new utilities such as decentralized finance (DeFi) and non-fungible tokens (NFTs).
Inscriptions
Inscribing is a method of inserting arbitrary data like images, text, audio, or even software files inside individual satoshis or ordinals. Inscriptions, in their current form, were made possible by two Bitcoin upgrades, SegWit and Taproot.
SRC-20
SRC-20 tokens are tokens on the Bitcoin blockchain. However, they are not exactly like the relatively more popular ERC-20 tokens. The SRC-20 token standard is powered by Bitcoin Stamps, which were originally conceived as a way to mint permanent Bitcoin NFTs. Stamps store data using UTXO (Unspent Transaction Output), which ensures permanent blockchain storage that can’t be pruned.
