SATS (Ordinals) (SATS)
Rank #581
Market snapshot
- Price
- $0.00000001077
- Market cap
- $22.6M
- 24h volume
- $4.2M
- Circulating supply
- 2,100,000,000,000,000
- Total supply
- 2,100,000,000,000,000
- Max supply
- 2,100,000,000,000,000
What is SATS (Ordinals)?
SATS (Ordinals) is a cryptocurrency that operates on the Ordinals - BRC20 platform. This platform allows for the creation and management of BRC-20 tokens, which are built on the Bitcoin blockchain without the need for smart contracts. All amounts of bitcoin, including SATS, are denominated in satoshis, the smallest unit of bitcoin.
How SATS (Ordinals) works
SATS (Ordinals) operates on the Bitcoin blockchain, where all transactions are recorded on a shared public ledger. The BRC-20 token standard enables the creation of tokens without smart contracts, allowing for a simpler transaction model. This system leverages the existing infrastructure of the Bitcoin network, ensuring that all transactions involving SATS are processed and confirmed through the network's consensus mechanisms.
Key information
- Symbol
- SATS
- CMC rank
- #581
- Network / platforms
Bitcoin, Ordinals - BRC20
- Categories
- N/A
- Date added
- Sep 29, 2023
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Bitcoin
9b664bdd6f5ed80d8d88957b63364c41f3ad4efb8eee11366aa16435974d9333i0Ordinals - BRC20
9b664bdd6f5ed80d8d88957b63364c41f3ad4efb8eee11366aa16435974d9333i0
Key characteristics
SATS (Ordinals) is categorized under several tags, including the bitcoin-ecosystem and brc-20. It is built on the Bitcoin blockchain, utilizing the ordinals protocol for token creation and management. This cryptocurrency benefits from the security and decentralization characteristics of the Bitcoin network, while also adhering to the BRC-20 token standard.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is SATS (Ordinals)?
- SATS (Ordinals) is a cryptocurrency that operates on the Ordinals - BRC20 platform, utilizing the Bitcoin blockchain.
- How does SATS (Ordinals) work?
- SATS (Ordinals) operates on the Bitcoin blockchain, where all transactions are recorded on a shared public ledger. It uses the BRC-20 token standard for token management.
- What are the technical characteristics of SATS (Ordinals)?
- SATS (Ordinals) is categorized under the bitcoin-ecosystem and brc-20 tags, built on the Bitcoin blockchain using the ordinals protocol.
- What are the risks associated with SATS (Ordinals)?
- Digital asset prices can be volatile. Users should verify contract addresses and handle private keys.
- How can I verify the acquisition of SATS (Ordinals)?
- Verify the asset name, network, and contract details before transferring, and ensure the destination address is correct.
- Where can I find official resources for SATS (Ordinals)?
- Official resources can be found on the SATS (Ordinals) website and blockchain explorers.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
