The Ordi Token is a digital asset on the Bitcoin blockchain, distinct in its approach as it does not rely on smart contracts. Operating using SATs (Satoshis), the smallest unit in Bitcoin, it can incorporate various data types, such as text or images. Unlike typical blockchain tokens, it functions under the BRC-20 Token Standard, ensuring compatibility within the Bitcoin ecosystem. Doo's brc2, a notable example in the field, recorded 30 million transactions, equating to 1,634 BTC in fees. Despite similarities in using SATs and the Bitcoin blockchain, the Ordi Token differs from the Ordinals Protocol. While Ordinals insert arbitrary data into SATs without smart contracts, the Ordi Token represents specific utilities or assets, adhering to the BRC-20 Standard. Launched in 2023 by its founder Domodata, the Ordi Token showcases a unique implementation within the Bitcoin blockchain.
