10M
...
![](https://cryptocrunchapp.com/wp-content/uploads/2023/11/oe_102_whatordinals_final_2.jpg)
Defining Bitcoin OrdinalsThe Role of Ordinals in Bitcoin
Bitcoin ordinals refer to the unique identification numbers assigned to each satoshi on the blockchain. They serve as a timestamp and help establish the order in which satoshis occur. Ordinal theory enables participants to verify the chronology of satoshis, ensuring that the network reaches a consensus on the state of the blockchain.
When a Bitcoin transaction takes place, it is recorded on the blockchain, which is essentially a decentralized ledger. Each satoshi is assigned a unique ordinal number, which acts as a digital fingerprint. This ordinal number is generated using complex cryptographic algorithms, making it virtually…
Read more on BitcoinMagazine