Bitcoin Ordinals and Inscriptions:

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Mitu4000
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Joined: Mon Dec 23, 2024 4:51 am

Bitcoin Ordinals and Inscriptions:

Post by Mitu4000 »

Mempool data: Data about unconfirmed transactions waiting to be included in a block.
Protocol messages: Data exchanged between nodes to propagate transactions and blocks.
Market Data: This isn't on the blockchain but is data about Bitcoin in financial markets.

Price data: Bitcoin's trading price against various fiat currencies or other cryptocurrencies.
Volume data: The amount of Bitcoin traded on exchanges.
Order book data: Real-time data on buy and sell orders.
On-Chain Analytics Data: This is derived from the raw blockchain data and analyzed to understand trends.

Hash rate: Data indicating the total computing power securing the network.
Active addresses: Data on the sri lanka phone number list number of unique addresses sending or receiving Bitcoin.
Transaction count/value: Data on the number and total value of transactions over time.
In essence, every aspect of Bitcoin, from the creation of a new block to the sending of a single Satoshi, involves the creation, transmission, storage, and verification of structured data.

This is a newer and rapidly evolving area. Ordinals protocol allows for "inscribing" arbitrary data (including text, images, audio, and even executable code) directly onto individual satoshis (the smallest unit of Bitcoin).
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