Ordinal Theory FAQ ================== What is ordinal theory? ----------------------- Ordinal theory is a protocol for assigning serial numbers to satoshis, the smallest subdivision of a bitcoin, and tracking those satoshis as they are spent by transactions. These serial numbers are large numbers, like this 804766073970493. Every satoshi, which is ¹⁄₁₀₀₀₀₀₀₀₀ of a bitcoin, has an ordinal number. Does ordinal theory require a side chain, a separate token, or changes to Bitcoin? ---------------------------------------------------------------------------------- Nope! Ordinal theory works right now, without a side chain, and the only token needed is bitcoin itself. What is ordinal theory good for? -------------------------------- Collecting, trading, and scheming. Ordinal theory assigns identities to individual satoshis, allowing them to be individually tracked and traded, as curios and for numismatic value. Ordinal theory also enables inscriptions, a protocol for attaching arbitrary content to individual satoshis, turning them into bitcoin-native digital