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If youve followed the space over the past year, youve probably heard the word Ordinals a lot. But what are Ordinals, and how can you interact with them using sCrypt?

In this session of the recentsCrypt Hackathon 2024 kickoff event, 1Sat Ordinals developer David Caseexplains how inscribing single satoshi units with NFT data has captured everyones attention.

ThesCrypt Hackathonis an online competition for developers running from March 25 to April 25, 2024. Its designed to help findBitcoins true killer appand to show how sCrypt makes it easy for new developers to enter the blockchain world and turn their ideas into reality.

The full morning session of Day 1 is available at thislink, and you can catch the entire two-day series of sCrypt Hackathon 2024 presentations on theCoinGeek YouTube channel. The presentations present the blockchains basic features and then go into more technical detail about howsCrypts TypeScript-based environmentmakes it easier for developers to turn their visions into working products.

Ordinals and 1Sat Ordinals: same thing but different

Case warns his presentation will be a fairly technical talk with no fancy graphics. That said, theconcept of Ordinalsthemselves is pretty simple. Its a globally unique identifier, like a serial number, for a single satoshi. There are rules for tracking that unique satoshi across many transactions. However, keeping track of all these unique units and their history can become computationally expensive.

Ordinals were developed initially for the BTC blockchain. However, that networks limited capacity and high fees make turning single satoshiunits into NFTsmore cumbersome (and expensive) than it needs to be. 1Sat Ordinals is the implementation designed for the BSV blockchain, which leverages that networks advantages in speed, capacity, and cost. On the BSV blockchain, Ordinals are much lighter-weight to index.

Ordinals and1Sat Ordinalsare conceptually the same, and the end user wouldnt notice any difference. Case explains how things work differently on the back end in this presentation.

Satoshis(also called sats) are Bitcoins smallest unit. There are 21 million Bitcoins, and every Bitcoin is divisible into 100,000,000 Satoshis. While there are still a few million Bitcoins yet to be mined, the total number of Satoshi units available will be 2,100,000,000,000,000or 2.1 quadrillion.

Like carving a picture into the wall of a cave

Marking a Satoshi as an Ordinal is known as inscribing, and these inscriptions are files that live on the blockchain, Case says. Tracking this inscription across thousands of transactions is more complex than simply mapping identifiers to inputs and outputs. 1Sat Ordinals assigns an origin to each token when its created, and this is referenced every time its unique satoshi changes hands.

The extra data that turns a satoshi into a unique token is contained in an inscription envelope that the 1Sat Ordinals protocol will execute if it sees one present. This can include sCrypt contract data that handles ownership and transfer details more efficiently. Case presents some examples of code to perform different token-handling processes, which he describes as working similarly to the worldwide web searching for unique files.

He also details ways in which a Generative NFT Contract can create and deploy a collector token series for a website automatically, randomly combining different attribute layers from a master resource in a way that never produces the same image twice. Additionally, theres the Lock-to-Mint process that can deploy an entire set of tokens in the same transaction where those tokens are owned by an sCrypt contract. The contract remembers how many tokens it contains and their lock/unlock statuswhich can even be set before a unique token exists (buyers can lockBitcoin payments for a specific time in advance, receiving the NFTs later).

If this sounds interesting, check out thesCrypt Hackathon presentationsfor developers or take a look at sCrypts other work. Anyone can register to participate in the Hackathon before March 25, 2024, at its website here.sCrypts websiteis open any time after that for people to find out more.

Watch: sCrypt applications are proving how powerful Bitcoin is

New to blockchain? Check out CoinGeeks Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.

Read more:

sCrypt Hackathon 2024: Making Ordinals easier with smart contracts - CoinGeek