Ordi coin has emerged as a leading asset in the Ordinals protocol trend, becoming a primary focus for market speculation. Recently, Binance announced the listing of BRC-20 token ORDI for spot and contract trading, which triggered a significant price surge. However, confusion arose when Casey posted on X (formerly Twitter), requesting Binance to remove certain links from the ORDI token information page. This led many to mistakenly believe Casey was the founder of Ordi coin. In reality, the founder is Domo. Below, we delve into the details of Ordi's creator.
Who Created Ordi Coin?
The founder of Ordi coin is Domo, while the Ordinals protocol was created by Casey Rodarmor. ORDI is the first token under the BRC-20 standard, which leverages the Ordinals protocol.
- BRC-20 Protocol: Proposed by Domo on March 9, 2023, this token standard is built atop the Ordinals protocol, enabling the inscription of specific text onto the blockchain as a token.
- Ordinals Protocol: Developed by Casey Rodarmor, it launched on January 30, 2023, assigning serial numbers to each satoshi (the smallest Bitcoin unit) and allowing content (images, text, videos) to be inscribed onto the Bitcoin network via SegWit and Taproot technologies.
Key Events:
- March 8, 2023: Domo deployed ORDI, the first BRC-20 token.
- March 10: ORDI minting concluded, with off-market trading peaking at ~$50 per 1,000 tokens.
- Despite BRC-20’s experimental nature, it sparked intense community interest.
What is Ordi Coin?
Ordi is a cryptocurrency based on the BRC-20 standard. Initially a prototype, it gained prominence through market hype and Bitcoin’s new ecological narrative, becoming a benchmark for the Ordinals ecosystem.
Features:
- Fast, Secure Payments: Immutable blockchain ledger ensures traceability.
- Low Fees: Cheaper than traditional payment methods.
- Proof of Stake (PoS): Reduces energy consumption while maintaining security and decentralization.
Adoption:
Ordi is accepted by numerous merchants, reflecting its utility. However, the volatile crypto market demands cautious investment. Always research thoroughly before investing.
FAQs
1. Is Casey Rodarmor the founder of Ordi coin?
No, Casey created the Ordinals protocol, while Domo founded Ordi coin under the BRC-20 standard.
2. What makes BRC-20 tokens unique?
They use Bitcoin’s Ordinals protocol to inscribe data (e.g., text) as tokens, differing from Ethereum’s smart-contract-based ERC-20 tokens.
3. Where can I trade Ordi coin?
4. What is the future of Ordi?
While BRC-20’s growth suggests potential, crypto markets are inherently risky. Diversify investments and stay updated on trends.
Disclaimer: Cryptocurrency investments carry risks. This content is for informational purposes only.