Bitcoin cannot change dynamic password (NFT) quickly and deeply attract the attention of the password community, opening up new opportunities for the oldest blockchain and data art enthusiasts. Since its outbreak in 2020, with the exception of other blockchain technologies such as Cardano and Solana, NFT has generally been forged and traded on the basis of ethernet's software.

However, Casey Rodarmor, the former key promoter of Bitcoin, launched a new agreement called ordinal in January 2023. He updated Bitcoin Taproot in 2021 to expand the level of digital currency and open the local NFT of Bitcoin chain.

TaRoot provides a way to expand the strength of the basic layer blockchain by reducing the scale of transactions that must be used with less data information, and supports the application of Bitcoin blockchain smart contracts. This update greatly enhances the types of transactions that are possible for Bitcoin, including decentralized equity financing (Defi) and NFT use.

By February 2023, YUGA Labs, the world's largest NFT publisher, had announced the creation of a 12x NFT, a new NFT combination sold on Bitcoin, to recite and announce their success for Bitcoin NFT.

Here's what you need to know about Bitcoin NFT, how it differs from the most popular alternatives based on etheric place, and how to build and sell them.

What is ordinal?

Ordinal numbers are serial numbers printed into a single, unique bitcoin (BTC), which is the smallest unit of bitcoin (BTC). According to the basic theory of serial numbers, serial numbers are assigned according to the order of discovery. The sequence number of the first Satoshi in the first block is 0, the second is 1, and the last Satoshi of the first block is 4999999999.

Colorful coins are the first meaning of this concept that, as early as 2012, it is an encrypted asset that means something useful by adding metadata and information. The enemy is another attempt to embed data information into basic bitcoin transactions. However, it has its own XCP dynamic password, which is also necessary to declare it like an alternative coin, rather than an expansion or layer 2 of Bitcoin.

The basic theory of ordinal numbers rewards wise men with intrinsic value, allowing us to be collected and traded as rare items. According to Bitcoin transactions, Satoshis is given personal information that can be tracked, migrated, and unshakable with valuable random data information, such as photos, text or videos. Bitcoin trading has always been part of blockchain technology. Such data can also be queried in wallets with appropriate serial numbers, such as Sparrow wallets and online task managers..

Inscription

A process of allocating property to one's smart people is called an inscription. The inscription is the original digital relic of Bitcoin blockchain technology, which is equivalent to the physical relic data version number.

They are all thoroughly chained, without main chain or independent dynamic passwords, and signed on SAT with serial numbers, basic order information, retrieval, task managers, and wallets that depend on Bitcoin key management and transaction signing.

ORD allows tracking of specific Satoshis and ordinal locations, and can be queried using the ordinal task manager. Unlike traditional NFT, which depends on the details of offline content stored in the interstellar file system (IPF), the inscription is endowed with bitcoin without changing security. They are unapproved and unverifiable digital artifacts because they can be sold without any remuneration.

How to build a Bitcoin NFT

Orderly ecosystem has developed in an all-round way, but its universality is still limited to two key ways to create a standardized and orderly NFT.

The first way to burn a disc Bitcoin serial number requires some skill level, operates a complete bitcoin connection point, then assembles ORD on this node, burns the Satoshis disc into the serial number wallet, and generates the bitcoin serial number NFT. There are two types of bitcoin wallets that can handle ordinal numbers; both must be compatible with Taproot and have a "currency manipulation" level to prevent Satoshis Ordinal from being spent on network fees or accidental push in another transaction.

• Sparrow wallets are only strongly recommended to accept serial numbers to prevent inadvertently pushing serial numbers SAT. However, using these does not necessarily operate detailed nodes. Here is how to set up a sparrow purse.
• The Ord wallet must operate a complete connection point on a volume of 500 GB. Unlike Sparrow Wallet, Ord Wallet gives you the opportunity to create inscriptions and freeze and clean the remembered SAT to avoid unexpected expenses. Here are some ways to set up your Ord wallet.

No matter which wallet you use, you need to make sure that there are some bitcoins that can pay the transaction fee.

The second way is more convenient, which involves recording your ordinal NFT using an uncoded tool (such as Gamma or Evermalsbot.com). Here is how to forge your Ordina on Gamma:

• Pick the file properties you want to use to create your Bitcoin NFT.

• Upload the necessary documents from your computer.
• Set the transaction cost according to the time you need to wait for your order information to be forged.
• Copy and paste the bitcoin detailed address to which you want to send the digital collection, which needs to be an ordinal adaptation address or a Taroot detailed address.
• Wait for NFT to come out. This kind of waiting depends on the fee you charge to complete the process, which may be hours or even days. You will be able to send an email to receive a link to track the currency.
• Check the general viewer in your coin order.

How to carry out serial number transaction

Although a moderate infrastructure market for trading bitcoin serial numbers is under construction, these digital collections will conduct point-to-point over-the-counter transactions (OTC) on dedicated but inconsistent servers, with third parties acting as intermediaries and in real time on Google's excel tables.

Compared with the more attractive NFT traded with other blockchain technology in Taihe County, Bitcoin serial number trading seems to be an out-of-date way. However, this has not resisted the enthusiasm for the Bitcoin NFT, with hundreds of thousands of new digital products emerging in just a few weeks after the launch of the Bitcoin NFT.

Serial number trading sales market is completely unreliable, safe and reliable, part of the signed bitcoin transaction (PSBT) technology, users can easily sign transactions in the freezer, and their molecular swaps, without intermediaries, the sales market service fee is 2.7%. A system software for verifying creators is being developed to include 4.2 per cent of the original author's remuneration.

How to buy Bitcoin NFT

When buying bitcoin serial numbers, you must use wallets that match the main stem, such as serial number wallets, XVerse wallets and Hiro wallets. Serial number wallets are easy to use, and others are very similar:

• Create an account, maintain your seed statements, and deposit your money in your wallet.
• Select the serial number you want to buy and click "submit order".
• Once the transaction is enforced, the serial number will be imported into your wallet.

How to market Bitcoin NFT

Similar to buying a bitcoin NFT, we need to pick a wallet that matches the bitcoin Taproot and download it for free.

• Create an account, maintain your seed statements, and upload your inscriptions. The cost will depend on the size of the picture and the speed at which you expect the transaction to proceed.
• Once your document is printed on the block chain, you can query it in Quarals.com 's inscription page.
• You can freeze the serial number to ensure that it is not easy to use them.
• You need to use peer-to-peer over-the-counter sales markets, usually web servers with inconsistent bitcoin serial numbers, to sell your inscriptions.

It is recommended that special attention be paid to this kind of transaction. In an unregulated P2P over-the-counter market, the software is filled with fraudsters trying to catch up with the new bitcoin NFT trend.

Ordinal VS traditional NFT

According to Ethernet Square tradition, there are some differences between NFT and bitcoin serial numbers, although they are often attributed to the same evil forces of art and design. Casey Rodarmor, the founder of Bitcoin serial numbers, defined Bitcoin NFT as a true digital collection because it is chained and enjoys all the fine features of Bitcoin. The following are key differences:

• Bitcoin inscriptions remain unchanged and are technically required to be changed and deleted by contract users according to the NFT of Ethernet Fong. Traditional NFT needs to be approved before it can become impossible, which requires a comprehensive understanding of the vm virtual machine (EVM) and reliability in Ethernet Fong.
• Bitcoin inscriptions always have chain details and are unlikely to be lost. This is long and rare because the original inscription must be paid in direct proportion to the size of the content. In comparison, the specific content of Etherum NFT can be unlinked and saved on software such as IPFS, which may be lost.
• Bitcoin inscriptions are more secure because blockchain technology is more secure. The inscription can be sold with PSBT without the need for a third party (such as an exchange or market) to mean a sale by the customer. On the other hand, Etherum NFT focuses on granting unlimited approval to consumers' NFT by intermediary companies, and for general non-professionals who need to trade art and design, complex blockchain smart contracts may bring a test.

Unlike NFT, which is forged as a new upgrade OTP, the serial number records the original file data information directly on the SAT on the bitcoin blockchain.

Bitcoin NFT objection

A new ordinal agreement raises a real problem and has caused a heated debate in the NFT community. Should Bitcoin be just a loan coin, or should it be extended to other test cases? Should the serial number agreement be a Bitcoin Internet attack?

Bitcoin blockchain technology is traditionally only used for purchase transactions, because its blockchain size network structure is relatively limited. This kind of infrastructure construction focuses on building solutions above the Internet as an additional layer to enhance the programmability and expansibility of the Internet.

The latest serial number trend has led to the dissatisfaction of many people in the Bitcoin community. Some worry that it may distract concerns about the important use of Bitcoin as a medium of exchange and whether its ordinal numbers make better use of block areas. Serial numbers can be wonderful clips of images, audio, and even mobile games, which inevitably have to subtract space from the financial statements, greatly reducing the length of time on the chain.

Substitutability of Bitcoin

The substitution of Bitcoin-one of the key features of currency-has also been tested by ordinal numbers. It is mainly because the inscription is printed on a wise man, making it a rare enterprise, just as coins are mainly used for scarce entities in the collection.

A standardized and orderly Satoshis becomes personal information that can be tracked, transmitted, and introduced into valuable information content, such as text or images, making SAT unique and transforming it into a de facto NFT. On the other hand, the traditional view is that every smart person is relatively equal, otherwise she begins to lose an important feature of money.

Detailed node cost

A few weeks after the start of the project, a record-breaking block chain for 4MB was created, causing anxiety in the community about blockchain technology and the future efficiency cost of detailed connections. Before the release of Ordinal NFT, the average size of bitcoin blocks was never higher than that of 1.5MB.

In the opposite direction, investors are worried that changing the size of Bitcoin blockchain technology due to large transactions and blockchain will also increase the machine and equipment requirements and costs of operating detailed nodes. The reverse argument is that in order for the bitcoin blockchain to be technically safe, the blockchain must be complete, which will justify higher costs for customers.

This debate will also be going on, and as the serial number market will become stronger and stronger, new opportunities will emerge. In the final analysis, the true spiritual essence and value of Bitcoin is because of its malleability to help the sales market develop in the direction that everyone needs.