SATS (Ordinals)
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in SATS (Ordinals) from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to SATS (Ordinals).
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.