Ordinals is rooted in the concept of ordinal theory, a unique perspective that delves deep into the world of satoshis, the smallest unit of Bitcoin. The theory assigns individual identities to satoshis, enabling them to be tracked, transferred, and endowed with significance. While one bitcoin can be subdivided into 100,000,000 satoshis, it cannot be broken down any further. The beauty of ordinal theory lies in its simplicity and independence; it doesn't necessitate a sidechain or any token other than Bitcoin and operates seamlessly without any modifications to the existing Bitcoin network. Beyond just a theoretical framework, ordinal theory bestows numismatic value upon satoshis, transforming them into collectible items, akin to curios. Furthermore, it introduces the concept of inscribing individual satoshis with arbitrary content, leading to the creation of distinct Bitcoin-native digital artifacts.
How Ordinals (ORDI) Works?
The operational essence of Ordinals revolves around the idea of inscribing satoshis. These inscriptions transform ordinary satoshis into unique digital artifacts, each carrying its distinct content. This process essentially mints Bitcoin-native digital artifacts that can be stored in standard Bitcoin wallets and transferred through regular Bitcoin transactions. The inscriptions are as enduring, unchangeable, secure, and decentralized as Bitcoin itself. This approach not only allows for the creation of unique digital collectibles but also paves the way for more advanced applications, such as creating a decentralized replacement for the Domain Name System (DNS) or establishing a public key infrastructure with key rotation capabilities. For those eager to delve deeper into the intricacies of ordinal theory, the platform offers comprehensive overviews and detailed insights into inscriptions, providing a holistic understanding of the transformative potential of this innovative concept.
Staking Ordinals (ORDI)
If you have an interest in generating passive income and increasing your wealth through cryptocurrency, particularly Ordinals (ORDI), Bitrue offers an exceptional staking, accompanied by distinctive features and advantages. Below, we'll delve into the ways you can optimize your staking experience on Bitrue to maximize your gains:
Power Piggy is the best way for Ordinals (ORDI) holders looking for straightforward and flexible staking solutions. Currently, Power Piggy (Flexible Staking) offers an Annual Percentage Yield (APY) of up to 20%. This allows you to accrue daily interest on your staked Ordinals (ORDI), which is then deposited into your Bitrue account. For Power Piggy, There are no lockup periods, making you completely autonomous over your Ordinals (ORDI) holdings, enabling withdrawals or trading on the exchange at any time.
To start staking Ordinals (ORDI) with Power Piggy, follow these steps:
Explore the available coins and their respective APYs.
Choose Ordinals (ORDI) and select a time period and APY that align with your financial goals and risk appetite.
Click "Stake now" for Ordinals (ORDI) and provide your investment details.
Confirm your Ordinals (ORDI) stake, and you're all set to earn daily interest.
Enjoy daily interest payments credited to your Bitrue account around 16:00 UTC.
Staking for Other Tokens and Long-Term Investments:
If you're thinking about investing your cryptocurrency investments for a longer time, the traditional Staking option might be a better fit. It offers higher rewards in terms of Annual Percentage Yield (APY). However, your tokens will be locked up for a set period. It’s worth noting that you can cancel the staking early, but you won't earn any interest during the locked-up period.
Browse the available coins and their respective APYs for different lockup periods.
Choose the cryptocurrency and lockup period that align with your investment preferences.
Click "Stake now" for your chosen coin and provide the necessary investment details.
Confirm your investment, and your coins will be staked for the specified lockup period.
Watch your earnings grow with the higher APY rewards while your coins are staked.
In a nutshell, Bitrue's Power Piggy and Staking options give you great chances to make money passively with Ordinals (ORDI) and other cryptocurrencies. Just pick the one that matches your financial goals and how much risk you're comfortable with, and you're on your way to a potentially better financial future. Happy staking!