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SATS (Ordinals)
About SATS (Ordinals)
SATS (Ordinals) is a meme token created on the Bitcoin network using the Ordinal protocol and BRC-20 token standard. It's designed for fun and community engagement, enabling the creation and transfer of tokens on the Bitcoin network. The token has a total supply of 2,100 trillion SATS and has been adopted by a growing community, demonstrating the diverse and often playful nature of the crypto world.
SATS is a token based on the Ordinal protocol, which utilizes the BRC-20 token standard on the Bitcoin network. The name 'SATS' is derived from 'Satoshi', the smallest unit of Bitcoin. The Ordinal protocol allows for the assignment of unique identities or files to each satoshi in the Bitcoin network, enabling the creation of both fungible tokens like BRC-20 and non-fungible tokens (NFTs) that can display digital artwork. SATS is notable as a meme token created primarily for entertainment rather than as a serious crypto asset.
SATS tokens are used within an ecosystem driven by community enthusiasm, particularly in the realm of meme tokens. Using the Ordinal protocol, SATS enables the formation of a token economy on the Bitcoin network, allowing for the creation and transfer of BRC-20 tokens without the need for a smart contract. This provides users with greater freedom to create tokens by inscribing certain files into satoshis.