Introduction to Ordinals and BRC-20 Tokens
Ordinals refer to the numbering system for satoshis (the smallest Bitcoin unit), making each sat unique through the Ordinals protocol. When combined with inscribed data (text, images, etc.), these become digital artifacts on the Bitcoin blockchain.
BRC-20 is an experimental fungible token standard for Bitcoin, enabling token creation similar to Ethereum's ERC-20 standard but with Bitcoin's security.
Essential Preparations
What You'll Need:
- Bitcoin (BTC) - For miner fee payments
- Web3 Wallet - Recommended: OKX Web3 Wallet (Chrome extension)
- Minting Platform - Choose a reputable service
Wallet Setup Guide:
- Install OKX Web3 Wallet via Chrome extension
- Create/import wallet (securely store your recovery phrase)
- Generate a Taproot address for receiving BTC
- Transfer BTC to this address for gas fees
Step-by-Step Minting Process
1. Selecting Your Token
- Navigate to the Ordinals marketplace
- Choose "BRC-20" section
- Filter by "100% minted" to see tradable inscriptions
2. Minting Execution
- Click "Mint" on your chosen token (e.g., "BSCS")
- Select quantity (1 mint = 1 inscription)
- Confirm details (โ0.4U fee per mint)
- Wait for blockchain confirmation
3. Post-Minting Actions
- Track progress in your wallet's transaction history
- Manage tokens via "Token Management"
- List inscriptions for trading when ready
๐ Learn more about Web3 wallets
Advanced Tips
For tokens without visible mint options:
- Scroll to find new/unstarted tokens
- Enter custom token name
- Begin minting process
Frequently Asked Questions
Q: How long does minting typically take?
A: Confirmation times vary based on network congestion, usually 10-60 minutes.
Q: Can I mint multiple tokens simultaneously?
A: Yes, but each requires separate transactions and fees.
Q: What's the difference between Ordinals and BRC-20?
A: Ordinals create unique NFTs, while BRC-20 produces fungible tokens.
Q: Is there a limit to how many inscriptions I can mint?
A: No hard limit, but each requires BTC for gas fees.
๐ Explore BRC-20 token opportunities
Key Considerations
- Always verify token contracts before minting
- Monitor gas fees for optimal transaction timing
- Secure your private keys and recovery phrases
Note: Cryptocurrency investments carry risks. This guide is for educational purposes only and not financial advice. Always conduct your own research before participating in blockchain activities.