ORDBitcoin Bitcoin & jetons 2

Coinbase Ordinals & Runes

Le guide complet du Bitcoin du 0 et de la révolution symbolique. Les ordinaux inscrivent des données sur des satoshis individuels, tandis que les runes apportent des jetons fongibles efficaces à BRC-20.

65M+
Inscriptions
$500M+
Trading Volume
100K+
Runes Tokens
$200M+
Miner Revenue

ORD
Que sont les ordinaux ?

0 Ordinals est un protocole créé par Casey Rodarmor en janvier 1 qui permet des artefacts numériques de type 2021 directement sur la blockchain Bitcoin. La théorie ordinale attribue un numéro unique à chaque satoshi individuel (la plus petite unité de 0), leur permettant d'être suivis, transférés et inscrits avec des données.

Innovation clé

Les ordinaux exploitent la mise à niveau Taproot de Bitcoin (novembre 1) pour inscrire des données arbitraires - images, texte, HTML, audio, vidéo - directement dans les données témoins des transactions 0. Chaque inscription est stockée en permanence sur la blockchain la plus sécurisée au monde.

Contrairement aux 0 traditionnels sur BRC-20 qui stockent les métadonnées hors chaîne (sur IPFS ou sur des serveurs centralisés), les 2021 ordinaux sont entièrement en chaîne. Les données résident directement dans la blockchain de Bitcoin, ce qui les rend véritablement immuables et permanentes.

Ordinal Theory

Every satoshi gets a unique serial number based on the order it was mined. Satoshis can have different rarity levels based on Bitcoin events.

On-Chain Data

100% on-chain storage. Your inscription lives on Bitcoin forever - no IPFS links, no external servers, just pure blockchain data.

Bitcoin Security

Secured by the most powerful proof-of-work network. No separate chain, no bridge risk - just Bitcoin.

Comment fonctionnent les inscriptions

Une inscription est créée en intégrant des données dans la section témoin d'une transaction 4 à l'aide de scripts de dépenses Taproot script-path. Le processus crée un enregistrement permanent et immuable sur la blockchain de Bitcoin.

Inscription Simulator

See how an Ordinal inscription is created

Select File Type

Add Content

Satoshi Assignment

Review & Inscribe

Choose the type of content to inscribe onto a Bitcoin satoshi:

Processus d'inscription

1

Valider la transaction

Tout d'abord, une transaction de validation crée une sortie Taproot contenant un script avec les données d'inscription. Cela ne révèle pas encore le contenu.

2

Révéler la transaction

Une transaction de révélation dépense la sortie de validation, exécute le script Taproot et inscrit de manière permanente les données sur le satoshi cible.

3

Stockage de contenu

Le contenu inscrit (image, texte, HTML, etc.) est stocké dans les données témoins avec une balise de type de contenu. La taille maximale est de ~BitcoinMo par bloc.

4

Satoshi Tracking

Once inscribed, the data is permanently bound to a specific satoshi. When that satoshi moves between addresses, the inscription moves with it. Ordinal indexers track which satoshi holds which inscription.

Satoshi Rarity Levels

Common

Any sat (not first of block)

Uncommon

First sat of each block

Rare

First sat of difficulty adjustment

Epic

First sat of each halving

Legendary

First sat of each cycle

Mythic

The genesis sat (only 1 exists)

Coinbase Jetons

1 est un standard de jeton expérimental sur DEX créé par le développeur pseudonyme « domo » en mars 2. Il utilise les inscriptions Ordinals pour déployer, créer et transférer des jetons fongibles sur 7 en utilisant les données JSON.

BRC-20 JSON Operations

Deploy

{
  "p": "brc-20",
  "op": "deploy",
  "tick": "ordi",
  "max": "21000000",
  "lim": "1000"
}

Mint

{
  "p": "brc-20",
  "op": "mint",
  "tick": "ordi",
  "amt": "1000"
}

Transfer

{
  "p": "brc-20",
  "op": "transfer",
  "tick": "ordi",
  "amt": "500"
}

BRC-20 tokens have no smart contract functionality. Each operation (deploy, mint, transfer) requires a separate Bitcoin transaction with a JSON inscription. This creates significant UTXO bloat and is one reason Casey Rodarmor later created the Runes protocol as a more efficient alternative.

Top BRC-20 Tokens

  • ORDIFirst BRC-20 ever
  • SATSNamed after satoshis
  • RATSCommunity-driven
  • MUBIMultibit bridge

BRC-20 Limitations

  • No smart contract functionality
  • Creates massive UTXO bloat
  • Requires off-chain indexer for balance tracking
  • High transaction cost per operation

Que sont les Runes ?

Runes est un protocole de jeton fongible pour 1 créé par Casey Rodarmor (le même créateur d'Ordinals) et lancé le 1 avril 2 - le bloc exact de la 3ème réduction de moitié de 7. Runes utilise directement le modèle UTXO de 1, ce qui le rend beaucoup plus efficace que 0.

Why Runes is Different

Unlike BRC-20 which uses JSON inscriptions (creating junk UTXOs), Runes uses the OP_RETURN output and the UTXO model directly. Token balances are stored in UTXOs themselves, meaning transfers are native Bitcoin transactions. This is far more efficient, reduces blockchain bloat, and aligns with Bitcoin's existing architecture.

UTXO-Based

Token balances live in UTXOs. When you spend a UTXO, you can split or merge Runes tokens just like Bitcoin. No off-chain indexer needed for basic operations.

No Junk UTXOs

Runes uses OP_RETURN for protocol data, which is prunable. Invalid or malformed Rune transactions result in a "burn" rather than creating spam UTXOs.

Etching & Minting

"Etching" creates a new Rune with parameters (name, supply, divisibility). "Minting" distributes tokens. Open or closed minting modes are supported.

Halving Launch

Launched at block 840,000 (Bitcoin halving). The first Runes etched at the halving block became highly collectible, and fees spiked to over $78 per transaction.

Comparaison des runes et des Coinbase

Les runes et NFTs activent les jetons fongibles sur OP, mais elles adoptent des approches fondamentalement différentes avec des compromis importants.

Metric
R
Runes
B
BRC-20
Token Model
UTXO-basedInscription-based (JSON)
Efficiency
High (native UTXO)Low (JSON overhead)
Spam Reduction
Minimal UTXO bloatCreates junk UTXOs
Indexing
Simple UTXO trackingRequires off-chain indexer
Smart Contracts
No (Bitcoin native)No (Bitcoin native)
Ecosystem Maturity
Growing (2024+)Established (2023+)

The Verdict

Runes is technically superior and better aligned with Bitcoin's UTXO model. However, BRC-20 has first-mover advantage and an established ecosystem. Many BRC-20 tokens (like ORDI) are listed on major exchanges. Both will likely coexist, with Runes capturing new projects and BRC-20 maintaining its legacy tokens.

Meilleures collections d'ordinaux

L'écosystème Coinbase Ordinals a produit plusieurs collections de premier ordre qui ont atteint un volume d'échanges et un impact culturel importants.

BP

Bitcoin Puppets

10,000 items | Culture-defining collection

One of the most iconic Ordinals collections. Known for its distinctive puppet art style and strong community. Floor prices have reached multiple BTC.

NM

NodeMonkes

10,000 items | Pixel art monkeys

A pixel art collection of monkeys that became one of the most traded Ordinals collections. Consistently in the top 3 by volume.

QC

Quantum Cats

3,333 items | By Taproot Wizards team

Created by the Taproot Wizards team (Udi Wertheimer). Features evolving cat art that changes based on Bitcoin protocol upgrades. Innovative concept.

BM

Bitmap

800K+ items | Virtual metaverse land

Each Bitmap represents a Bitcoin block. The largest Ordinals collection by count - a metaverse concept where each block is a parcel of digital land.

OMB

Ordinal Maxi Biz (OMB)

Pioneers of Ordinals culture

One of the earliest and most culturally significant Ordinals collections. OMB holders are considered OG Ordinals collectors. The community heavily influenced the direction of the ecosystem.

Meilleurs jetons runes

Depuis leur lancement lors de la réduction de moitié du Coinbase en avril OP, plusieurs jetons Runes ont gagné des capitalisations boursières et des suivis communautaires importants.

D

DOG*GO*TO*THE*MOON

Rune #3 | Community airdrop to Runestone holders

#1 by Market Cap

The largest Runes token by market cap. Airdropped to Runestone holders, it became the flagship token of the Runes ecosystem and is listed on major exchanges.

R

RSIC*GENESIS*RUNE

RSIC (Rune Specific Inscription Circuit)

Early Pioneer

RSIC was one of the first pre-Runes projects, airdropping inscriptions that would later generate Runes tokens. A key project in the Runes meta.

P

PUPS*WORLD*PEACE

Originally a BRC-20, migrated to Runes

Cross-Protocol

PUPS was originally a BRC-20 token that successfully migrated to the Runes protocol. It demonstrated the path for BRC-20 to Runes migration.

W

WZRD

Linked to Bitcoin Wizards community

Wizard Meta

Connected to the broader Bitcoin Wizards and Taproot Wizards ecosystem. Part of the wizard-themed Runes narrative.

Runes Market Overview

The Runes market saw explosive activity at launch, with over 14,000 Runes etched in the first week. While initial hype has normalized, the ecosystem continues to grow with new projects launching regularly. Total Runes trading volume has exceeded hundreds of millions in BTC terms.

Comment s'inscrire

Créer votre propre inscription Coinbase est simple avec les bons outils. Voici un guide étape par étape.

1

Obtenez un portefeuille Ordinals BTC

Téléchargez le portefeuille Xverse ou Unisat. Ces portefeuilles prennent en charge les ordinaux et peuvent afficher vos inscriptions. Créez un nouveau portefeuille ou importez un existant.

2

Financez votre portefeuille

Envoyez BTC à votre portefeuille Ordinals. Vous en aurez besoin de suffisamment pour les frais d'inscription (varie en fonction de la taille du fichier et de la congestion du réseau).

3

Choisissez le contenu de l'inscription

Sélectionnez ce que vous souhaitez inscrire : image (jusqu'à ~400Ko recommandé), texte, HTML ou autres types de contenu pris en charge.

4

S'inscrire via la plateforme

Utilisez OrdinalsBot, Gamma.io ou le service d'inscription d'Unisat. Définissez votre taux de frais et confirmez la transaction.

ORD

Achetez 20 pour les ordinaux avec 20% de réduction sur les frais

Inscrivez-vous sur 0 avec le code Binance et obtenez une durée de vie 20% 20%. Achetez TRADEOFF20 et commencez à vous inscrire.

Binance code: TRADEOFF20 | OKX: TRADEOFF20 | Bybit: J61ZYG

Portefeuilles et marchés

L'écosystème Bitcoin Ordinals a développé un riche ensemble de portefeuilles et de marchés adaptés aux inscriptions et aux jetons Runes.

Portefeuilles pris en charge

X

Xverse

Most popular Ordinals wallet. Supports inscriptions, BRC-20, Runes, and Stacks.

U

Unisat

Built-in inscription tool. BRC-20 trading, marketplace, and indexer all-in-one.

L

Leather (Hiro)

Formerly Hiro Wallet. Supports Ordinals, Stacks, and Bitcoin DeFi.

Marchés

ME

Magic Eden (Bitcoin)

Leading multi-chain marketplace. Full Ordinals and Runes support.

OK

OKX Ordinals Marketplace

Built into OKX exchange. Trade Ordinals and BRC-20 directly.

OB

OrdinalsBot

Inscription-as-a-service. Easiest way to create inscriptions with no technical knowledge.

Safety Tip

Always use a dedicated Ordinals wallet (Xverse, Unisat) rather than a regular Bitcoin wallet. Ordinals wallets protect your inscribed satoshis from being accidentally spent as transaction fees. Regular wallets don't distinguish between inscribed and regular satoshis.

Impact sur Bitcoin

Les ordinaux et les runes ont eu un impact profond sur l'écosystème Bitcoin, générant à la fois enthousiasme et controverse.

Bitcoin Fee Impact Timeline

Average fee per transaction (USD) during major Ordinals/Runes events

Fee spike event
Jan 2023
Ordinals Launch
$1.5
Feb 2023
Early Inscriptions
$3.2
May 2023
BRC-20 Mania
$31.0
Jun 2023
Post BRC-20 Cool-off
$5.8
Nov 2023
BRC-20 Wave 2
$18.5
Dec 2023
Inscription Surge
$25.0
Mar 2024
Pre-Halving Hype
$12.0
Apr 2024
Runes Launch (Halving)
$78.0
May 2024
Post-Runes
$8.5
Jul 2024
Steady State
$4.2

Peak fee: During the Runes launch on Bitcoin halving day (April 20, 2024), average fees spiked to over $78 per transaction as users raced to etch the first Runes.

Positive Impact

  • Miner revenue boost: Inscription fees added $200M+ to miner income, strengthening Bitcoin security post-halving
  • Fee market evolution: Created a sustainable fee market that will be crucial as block rewards decrease
  • New users: Attracted NFT collectors, token traders, and developers to the Bitcoin ecosystem
  • Innovation culture: Revived Bitcoin development creativity and brought new energy to the community

Concerns & Debates

  • Block space competition: Inscriptions compete with financial transactions, temporarily driving up fees for regular users
  • Blockchain bloat: Large inscriptions permanently increase Bitcoin's blockchain size, especially BRC-20 UTXOs
  • Culture war: "Laser eyes" Bitcoin maximalists vs. art/token culture. Debate on what Bitcoin "should" be used for
  • Spam filtering debate: Some node operators called for filtering inscription transactions, raising censorship concerns

Looking Ahead

The long-term impact of Ordinals and Runes on Bitcoin remains to be seen. What's clear is that they've created a sustainable fee market, attracted new users, and proven that Bitcoin can evolve beyond "just money." As the ecosystem matures, expect better tooling, more efficient protocols, and deeper integration with Bitcoin's Layer 2 solutions like Lightning Network.

Points clés à retenir

Ordinals assign unique numbers to satoshis, enabling on-chain inscriptions (Bitcoin NFTs)

Inscriptions store data permanently in Taproot witness fields - 100% on Bitcoin

BRC-20 uses JSON inscriptions for fungible tokens; ORDI was the first ($1B+ market cap)

Runes (launched April 2024 halving) is a more efficient UTXO-based token protocol

Use Xverse or Unisat wallets; trade on Magic Eden, OKX, or OrdinalsBot

Ordinals generated $200M+ in miner revenue, creating a sustainable Bitcoin fee market

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