Ordinals is a new protocol in the Bitcoin ecosystem that allows you to create your own tokens like USDC or USDT on the Bitcoin blockchain. These tokens could be fungible (like Bitcoin) or non-fungible (NFTs).
To use the Ordinals protocol, you need to have an Ordinals wallet. In this guide, we will go through the process of creating an Ordinals wallet.
What is Ordinals Wallet?
Note that the Ordinals wallet does not have any affiliation with the developers of the Ordinals protocol, nor with the team that introduced the concept of BRC-20 tokens.
Create Ordinals Wallet
Step 1: Visit Ordinals wallet homepage.
Step 2: Click Create wallet.
Step 3: Click Create new wallet.
Step 4: Create your password, confirm it and click Generate seed phrase.
Step 5: Copy your seed phrase and click Next.
Step 6: Click I understand.
Step 7: Now that you have your Ordinals wallet, you can start interacting with the BRC-20 tokens and Bitcoin ordinals.
Copy your deposit address to add some Bitcoin to your wallet and get started with BRC-20 tokens. You can also receive BRC-20 tokens to this address.
Step 8: To see your BRC-20 tokens and Bitcoin ordinals, and domain names on the Bitcoin blockchain, scroll down further.
To purchase BRC-20 tokens, Domain names or Bitcoin ordinals, you need to visit the project's page, all projects are listed here.
On each project page, you can view the available tokens or NFTs for sale for that specific project.
Step 9: When you want to send bitcoin to someone, just click Send.
Enter the recipient's Bitcoin address, the amount you want to send, and click Send.
When you want to deposit BTC into your Ordinals wallet, there's no need to worry about the types of wallets, as almost all wallets and exchanges support withdrawals to TAPROOT addresses.
Frequently Asked Questions
1. Who is behind Ordinals Protocol?
2. Who introduced the concept of BRC-20 tokens?
3. What are BRC-20 tokens?
BRC-20 tokens are similar kind of tokens like ERC-20 and BEP-20, but BRC-2o tokens doesn't have smart contracts functionality and these tokens uses Bitcoin blockchain network.