Bitcoin Ordinals and Inscriptions:
Posted: Thu May 22, 2025 4:52 am
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).
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).