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How to Inscribe Bitcoin Ordinals NFTs 5 Quick Easy Steps

How to Inscribe Bitcoin Ordinals NFTs 5 Quick Easy Steps

March 1, 2023 09:41
How to Inscribe Bitcoin Ordinals NFTs 5 Quick Easy Steps



How to Inscribe Bitcoin Ordinals NFTs in 5 Quick Easy Steps

To begin, download a Bitcoin Core node, sync it to the blockchain, and create an Ordinals wallet. Subsequently, send some satoshis (the smallest unit of bitcoin value) to this wallet.

Inscriptions enable developers to attach non-fungible data (NFTs) to a satoshi. This gives each satoshi its own unique digital artifact that can be tracked, stored, and traded.

1. Upload Your File

The initial step in inscribing an Ordinal is uploading the file you wish to inscribe. Keep in mind that file size will affect transaction fees; Gamma suggests keeping files under 35kb for optimal results.

Bitcoin Ordinals are a new technical advancement on NFTs that allow data to be inscribed directly on the blockchain, making them more durable and upholding Bitcoin’s decentralization ethos.

Ordinals are still relatively new on the market, but with notable artists and projects like Megapont Ape Club launching exciting collections and an ever-expanding community of users, now is an opportunet to invest. Read on for an easy, secure way to inscribe your first Ordinal!

2. Choose Your Transaction Fee

Ordinals are the newest method to store non-fungible tokens (NFTs) on the Bitcoin blockchain, created as part of the Taproot update that went live in November 2021.

Casey Rodarmor, a software engineer, discovered an exploit in which you could store nearly 4MB of data in one Bitcoin block. As a result, Ordinals protocol was created which allows NFTs without slowing down the Bitcoin network.

You can select your transaction fee based on network congestion to expedite transcription completion. The higher the fee, the sooner it will be recorded on the blockchain.

3. Select a Payment Method

The Bitcoin network is rapidly gaining traction for its ability to host non-fungible tokens (NFTs). These digital assets are non-fungible since they cannot be physically melted or altered in any way.

Therefore, they’re usually immutable and easily interchangeable between platforms, making them an attractive option for investors and collectors alike.

To inscribe your asset, select “Add New” under “Collectibles” on the home screen. Copy a fresh deposit address for your inscription and paste it when prompted.

4. Choose Your Inscription

Ordinals is an innovative new protocol that enables you to mint non-fungible tokens on the Bitcoin blockchain. Unlike traditional NFTs, which rely on smart contracts and require separate networks, Ordinals allows you to directly inscribe your data onto the Bitcoin blockchain with minimal hassle.

Storing NFT metadata entirely on-chain provides long-term ownership and immutability, an essential feature in this type of project. Furthermore, ordinary inscriptions don’t rely on central databases which could be vulnerable to censorship or security breaches.

Inscriptions are currently the most popular way to create NFTs on the Bitcoin network, but there are a few things you should be aware of before getting started. First and foremost, make sure your wallet can accept Taproot inscriptions.

5. Send Your Inscription

Ordinals, which enable users to write data directly onto the Bitcoin blockchain, are currently the craze in crypto. They represent an advancement over Non-Fungible Tokens (NFTs), and align with Bitcoin’s core principles of decentralization and security.

To inscribe your inscription, upload a JPEG, GIF or PNG file that does not exceed 300KB in size and choose an appropriate transaction fee level. While selecting higher fees can help expedite the inscription process, be prepared to wait hours or days for transcription to complete.

Recently, Xverse Wallet and Hiro Wallet announced Ordinal support, and now many other wallets have followed suit in offering to manage your NFTs through their interfaces. Fortunately, getting started with this emerging technology doesn’t need to be a complex process.

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