ORDI is a cryptocurrency that emerged as a surprising offshoot of the Bitcoin blockchain. Unlike traditional cryptocurrencies, ORDI is built on the Ordinals protocol, a system that allows for data inscription on individual Satoshis, the smallest units of Bitcoin. This unique approach led to the creation of a new type of token, often referred to as a Bitcoin Ordinal or BRC-20 token.
While ORDI started as a meme coin, its connection to Bitcoin and the underlying technology has generated significant interest. The token's supply is limited, and its value is primarily driven by market speculation and community enthusiasm. As with many meme coins, ORDI's price has experienced substantial volatility, with rapid increases and declines.
The rise of ORDI has sparked discussions about the potential of the Ordinals protocol. Some believe it could open up new possibilities for Bitcoin as a platform beyond simple peer-to-peer payments. However, others argue that inscribing data on Satoshis could impact Bitcoin's scalability and efficiency.