Excited to release our first r3eport including some insights on what we are working on in our βLabsβ π§ͺ:
'Bitcoin Ordinals & How To Stake Them'π°
ππ»Β Read the full r3port here: https://t.co/XEogDOXbV6
#Bitcoin#Ordinals
4/ Creating Bitcoin ordinals is a technically complex process requiring a node, Bitcoin Core, and satoshis. The lack of documentation means developers need a deep understanding of the Bitcoin protocol. π€
Read the full r3port here π°: https://t.co/XEogDOXbV6
Weβve gathered the basics about Bitcoinβs answer to NFTs, Bitcoin ordinals aka "Bitcoin NFTs" for you.
Bitcoin ordinals are pieces of Bitcoin inscribed with rich data, just like a piece of art on a dollar bill. π¨π΅
A thread ππΌ
3/ Unlike NFTs, Bitcoin ordinals are not tokens and do not involve smart contracts. They are directly inscribed onto individual satoshis on the Bitcoin blockchain, making them immutable and secure. However, they cannot execute actions using smart contracts.
@petscription So cute! I think these pets deserve their own little staking petting zoo. If you are interested, we have some ordinal staking solutions ready: https://t.co/XEogDOXbV6
@btcdomain_btc Nice stuff you guys are building there! Maybe you also want to read about our Bitcoin ordinal staking solution we've developed over the past weeks: https://t.co/XEogDOXbV6
@JOMOHippo Amazing experience! How about getting ordinal staking ready for all JOMOs?
You can read more about it in our blog and we are here to help: https://t.co/XEogDOXbV6
@NakamotoWhales Amazing collection from an amazing project! Ever thought about enabling @NakamotoWhales to float? We have been working on a Bitcoin ordinal staking solution and would love to help.
You can read about it here: https://t.co/XEogDOXbV6