What is BRC-20 standard?

The BRC-20 standard is a fungible token standard implemented on the Bitcoin blockchain, similar to Ethereum's ERC-20 standard. Developed under the Ordinals protocol, BRC-20 tokens enable the deployment of token contracts and minting and transferring of tokens by embedding JSON data into sats, the smallest unit of Bitcoin. These tokens adhere to a set of rules and standards, facilitating interoperability and compatibility within the Bitcoin ecosystem.

What's the difference between NFTs and Inscriptions?

While both NFTs and inscriptions involve the embedding of data onto a blockchain, the key difference lies in their storage mechanism. NFTs often rely on off-chain data storage, which can pose risks of third-party tampering. In contrast, inscriptions directly embed data into Bitcoin transactions, ensuring permanent and tamper-proof storage on the blockchain.

What's the difference between Inscriptions and Ordinals?

Inscriptions involve embedding data, such as images or text, into Bitcoin transactions, while ordinals assign unique numbers to sats and inscribe digital content onto them. While both serve to create non-fungible digital assets, ordinals provide each satoshi with a distinct identity, similar to the serial numbers on physical currency.

How to create Inscriptions?

Creating inscriptions involves embedding data into Bitcoin transactions during the transaction process. Users can input desired text or upload digital content into specific fields in wallets and tools which allow minting inscriptions, which will then be packaged along with the transaction by blockchain nodes, permanently storing the data on the blockchain.

How to trade ordinals?

Ordinals, being non-fungible digital assets, can be traded similarly to other cryptocurrencies. Users can buy, sell, or trade ordinals on supported exchanges or platforms that facilitate the trading of digital assets. Each ordinal, with its unique digital content and ordinal number, represents a distinct collectible on the Bitcoin blockchain.

How are Bitcoin Ordinals created?

Bitcoin ordinals are created by assigning a unique ordinal number to each satoshi and inscribing digital content onto them. This process involves embedding data into Bitcoin transactions, with each satoshi serving as a canvas for the inscription of digital artifacts, such as images, text, or audio.

Do Ordinals support creator royalties?

Unlike traditional NFTs, Bitcoin ordinals do not support creator royalties. This means that creators do not receive royalties or additional income from the resale of ordinals. However, the uniqueness and scarcity of each ordinal may contribute to its market value and potential for appreciation over time.

Do ordinals support smart contracts?

Ordinals, being part of the Bitcoin blockchain, do not inherently support smart contracts like those found on platforms such as Ethereum. However, developers can build additional layers or protocols on top of Bitcoin to enable smart contract functionality for ordinals, similar to projects like RSK or Stacks.

Ordinals & Inscriptions Trading Crypto Exchanges

Payment method	Currency	Deposit fee	Withdrawal fee
SWIFT bank transfer	🌐 Multiple	No fee	No fee
Visa and Mastercard	Multiple	1.50% to 2.49%	Not available
Google Pay	Multiple	2.5%	Not available
Apple Pay	Multiple	2.5% (US, EU, AU)	Not available
PayPal	Multiple	3.5% (EU only)	Not available
ACH bank transfer	🇺🇸 USD	No fee	No fee
SEPA bank transfer	🇪🇺 EUR	No fee	No fee
PIX	🇧🇷 BRL	No fee	No fee

Payment method	Currency	Deposit fee	Withdrawal fee
Visa and Mastercard	Multiple	2.5%	2.5% to 3.6%
Google Pay	Multiple	2.5%	Not available
Apple Pay	Multiple	2.5%	1%
SEPA bank transfer	🇪🇺 EUR	0.5%	1%
Faster Payments bank transfer	🇬🇧 GBP	0.5%	No fee
PIX	🇧🇷 BRL	3%	Not available

Payment method	Currency	Deposit fee	Withdrawal fee
SWIFT bank transfer	🌐 Multiple	Min. €0.5, max. 1.2%	€1 - €5 (max. $25)
Visa and Mastercard	Multiple	2%	2%
Google Pay	Multiple	2%	Not available
Apple Pay	Multiple	2%	Not available
Mobile Money	Multiple	1%	1%
Revolut	Multiple	2%	Not available
PayPal	Multiple	2% (EUR only)	€2
Zen	Multiple	1% to 1.2%	0%
ACH bank transfer	🇺🇸 USD	$1 (US only)	Not available
SEPA bank transfer	🇪🇺 EUR	No fee	€1
Faster Payments bank transfer	🇬🇧 GBP	1 GBP	2 GBP
PIX	🇧🇷 BRL	No fee	3.5 BRL

What is BRC-20 standard?
The BRC-20 standard is a fungible token standard implemented on the Bitcoin blockchain, similar to Ethereum's ERC-20 standard. Developed under the Ordinals protocol, BRC-20 tokens enable the deployment of token contracts and minting and transferring of tokens by embedding JSON data into sats, the smallest unit of Bitcoin. These tokens adhere to a set of rules and standards, facilitating interoperability and compatibility within the Bitcoin ecosystem.
What's the difference between NFTs and Inscriptions?
While both NFTs and inscriptions involve the embedding of data onto a blockchain, the key difference lies in their storage mechanism. NFTs often rely on off-chain data storage, which can pose risks of third-party tampering. In contrast, inscriptions directly embed data into Bitcoin transactions, ensuring permanent and tamper-proof storage on the blockchain.
What's the difference between Inscriptions and Ordinals?
Inscriptions involve embedding data, such as images or text, into Bitcoin transactions, while ordinals assign unique numbers to sats and inscribe digital content onto them. While both serve to create non-fungible digital assets, ordinals provide each satoshi with a distinct identity, similar to the serial numbers on physical currency.
How to create Inscriptions?
Creating inscriptions involves embedding data into Bitcoin transactions during the transaction process. Users can input desired text or upload digital content into specific fields in wallets and tools which allow minting inscriptions, which will then be packaged along with the transaction by blockchain nodes, permanently storing the data on the blockchain.
How to trade ordinals?
Ordinals, being non-fungible digital assets, can be traded similarly to other cryptocurrencies. Users can buy, sell, or trade ordinals on supported exchanges or platforms that facilitate the trading of digital assets. Each ordinal, with its unique digital content and ordinal number, represents a distinct collectible on the Bitcoin blockchain.
How are Bitcoin Ordinals created?
Bitcoin ordinals are created by assigning a unique ordinal number to each satoshi and inscribing digital content onto them. This process involves embedding data into Bitcoin transactions, with each satoshi serving as a canvas for the inscription of digital artifacts, such as images, text, or audio.
Do Ordinals support creator royalties?
Unlike traditional NFTs, Bitcoin ordinals do not support creator royalties. This means that creators do not receive royalties or additional income from the resale of ordinals. However, the uniqueness and scarcity of each ordinal may contribute to its market value and potential for appreciation over time.
Do ordinals support smart contracts?
Ordinals, being part of the Bitcoin blockchain, do not inherently support smart contracts like those found on platforms such as Ethereum. However, developers can build additional layers or protocols on top of Bitcoin to enable smart contract functionality for ordinals, similar to projects like RSK or Stacks.

Ordinals & Inscriptions Trading Crypto Exchanges

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Ordinals & Inscriptions Trading Crypto Exchanges

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