SATS (Ordinals)

Overview

SATS is a Bitcoin-based token that represents individual satoshis (the smallest unit of Bitcoin) with unique identifiers through the Ordinals protocol. Each SATS token corresponds to a specific satoshi on the Bitcoin blockchain, making them individually traceable and distinguishable.

Purpose and Utility

The primary purpose of SATS is to enable ownership and trading of individual satoshis with unique properties through the Ordinals protocol. This creates a new layer of functionality on Bitcoin, allowing for digital collectibles and assets to be inscribed directly on satoshis.

Business Model and Operations

The protocol operates directly on the Bitcoin blockchain, allowing users to inscribe and trade individual satoshis. The business model is based on peer-to-peer trading of these uniquely identified satoshis, with value derived from their distinctiveness and potential collectible nature.

Real-World Adoption

The project has seen growing adoption within the Bitcoin ecosystem, with multiple marketplaces and tools being developed to support SATS trading and inscription. The technology enables direct ownership and transfer of digital assets on Bitcoin's base layer.

Platform Development

Development activity is ongoing, with continuous improvements to the Ordinals protocol and supporting infrastructure. The project maintains an open-source approach, allowing community participation in development.