What is Ordi? ORDI tokenomics explained with animations!

🤔 What is Ordi and the Ordinals Protocol?
Ordi, also known by the ORDI market ticker, is the first BRC-20 token on the Bitcoin network.
The Ordinals protocol, which is unrelated to the ORDI token, allows the smallest denomination of Bitcoin, known as Satoshi, to be edited with text, images, audio and video, turning it into an NFT.
ORDI is the first BRC-20 token created using the Ordinals protocol on the Bitcoin network.

🤔 What is a BRC-20 token?
A BRC-20 token on the Bitcoin Network is similar to ERC-20 tokens on the Ethereum Network.
BRC-20 was first introduced in March 2023 by an anonymous developer known as Domo.

Timestamps ⏳

00:00 Introduction

1:10 What is Ordi?

1:43 What is the Ordinals Protocol?

3:27 How does Ordi work?

4:48 What makes Ordi unique?

6:40 ORDI token use cases