# Casey Rodarmor - Ordinal Theory Handbook (Highlights) ![rw-book-cover|256](https://readwise-assets.s3.amazonaws.com/static/images/article2.74d541386bbf.png) ## Metadata **Review**:: [readwise.io](https://readwise.io/bookreview/24703280) **Source**:: #from/readwise **Zettel**:: #zettel/fleeting **Status**:: #x **Authors**:: [[Casey Rodarmor]] **Full Title**:: Ordinal Theory Handbook **Category**:: #articles #readwise/articles **Category Icon**:: 📰 **Highlighted**:: [[2023-02-24]] **Created**:: [[2023-02-24]] ## Highlights ### Ordinal Theory Overview - Ordinals are a numbering scheme for satoshis that allows tracking and transferring individual sats. These numbers are called ordinal numbers. ([Page 3](zotero://open-pdf/library/items/MJG3ADT2?page=2&annotation=YTQRIIXP)) ^481308820 - Technical details are available in the BIP. ([Page 3](zotero://open-pdf/library/items/MJG3ADT2?page=2&annotation=KSUATQF9)) ^481308821 (related:: [[Casey Rodarmor - Bitcoin Ordinal Numbers BIP (Highlights)]]) ### Inscriptions - Satoshis can be inscribed with arbitrary content, creating Bitcoin-native digital artifacts. Inscribing is done by sending the satoshi to be inscribed in a transaction that reveals the inscription content on-chain. This content is then inextricably linked to that satoshi, turning it into an immutable digital artifact that can be tracked, transferred, hoarded, bought, sold, lost, and rediscovered. ([Page 7](zotero://open-pdf/library/items/MJG3ADT2?page=6&annotation=TT53FJQX)) ^481308823 - Inscription content is entirely on-chain, stored in taproot script-path spend scripts. ([Page 10](zotero://open-pdf/library/items/MJG3ADT2?page=9&annotation=XVNS9DDF)) ^481308824 - Since taproot script spends can only be made from existing taproot outputs, inscriptions are made using a two-phase commit/reveal procedure. First, in the commit transaction, a taproot output committing to a script containing the inscription content is created. Second, in the reveal transaction, the output created by the commit transaction is spent, revealing the inscription content on-chain. ([Page 10](zotero://open-pdf/library/items/MJG3ADT2?page=9&annotation=7Z7I9TY7)) ^481308825 --- cover: "https://readwise-assets.s3.amazonaws.com/static/images/article2.74d541386bbf.png" --- # Casey Rodarmor - Ordinal Theory Handbook (Highlights) ![rw-book-cover|256](https://readwise-assets.s3.amazonaws.com/static/images/article2.74d541386bbf.png) ## Metadata **Review**:: [readwise.io](https://readwise.io/bookreview/24703280) **Source**:: #from/readwise **Zettel**:: #zettel/fleeting **Status**:: #x **Authors**:: [[Casey Rodarmor]] **Full Title**:: Ordinal Theory Handbook **Category**:: #articles #readwise/articles **Category Icon**:: 📰 **Highlighted**:: [[2023-02-24]] **Created**:: [[2023-04-04]] ## Highlights ### Ordinal Theory Overview - Ordinals are a numbering scheme for satoshis that allows tracking and transferring individual sats. These numbers are called ordinal numbers. ([Page 3](zotero://open-pdf/library/items/MJG3ADT2?page=2&annotation=YTQRIIXP)) ^481308820 - Technical details are available in the BIP. ([Page 3](zotero://open-pdf/library/items/MJG3ADT2?page=2&annotation=KSUATQF9)) ^481308821 (related:: [[Casey Rodarmor - Bitcoin Ordinal Numbers BIP (Highlights)]]) ### Inscriptions - Satoshis can be inscribed with arbitrary content, creating Bitcoin-native digital artifacts. Inscribing is done by sending the satoshi to be inscribed in a transaction that reveals the inscription content on-chain. This content is then inextricably linked to that satoshi, turning it into an immutable digital artifact that can be tracked, transferred, hoarded, bought, sold, lost, and rediscovered. ([Page 7](zotero://open-pdf/library/items/MJG3ADT2?page=6&annotation=TT53FJQX)) ^481308823 - Inscription content is entirely on-chain, stored in taproot script-path spend scripts. ([Page 10](zotero://open-pdf/library/items/MJG3ADT2?page=9&annotation=XVNS9DDF)) ^481308824 - Since taproot script spends can only be made from existing taproot outputs, inscriptions are made using a two-phase commit/reveal procedure. First, in the commit transaction, a taproot output committing to a script containing the inscription content is created. Second, in the reveal transaction, the output created by the commit transaction is spent, revealing the inscription content on-chain. ([Page 10](zotero://open-pdf/library/items/MJG3ADT2?page=9&annotation=7Z7I9TY7)) ^481308825 --- cover: "https://readwise-assets.s3.amazonaws.com/static/images/article2.74d541386bbf.png" --- # Casey Rodarmor - Ordinal Theory Handbook (Highlights) ![rw-book-cover|256](https://readwise-assets.s3.amazonaws.com/static/images/article2.74d541386bbf.png) ## Metadata **Review**:: [readwise.io](https://readwise.io/bookreview/24703280) **Source**:: #from/readwise **Zettel**:: #zettel/fleeting **Status**:: #x **Authors**:: [[Casey Rodarmor]] **Full Title**:: Ordinal Theory Handbook **Category**:: #articles #readwise/articles **Category Icon**:: 📰 **Highlighted**:: [[2023-02-24]] **Created**:: [[2023-04-10]] ## Highlights ### Ordinal Theory Overview - Ordinals are a numbering scheme for satoshis that allows tracking and transferring individual sats. These numbers are called ordinal numbers. ([Page 3](zotero://open-pdf/library/items/MJG3ADT2?page=2&annotation=YTQRIIXP)) ^481308820 - Technical details are available in the BIP. ([Page 3](zotero://open-pdf/library/items/MJG3ADT2?page=2&annotation=KSUATQF9)) ^481308821 (related:: [[Casey Rodarmor - Bitcoin Ordinal Numbers BIP (Highlights)]]) ### Inscriptions - Satoshis can be inscribed with arbitrary content, creating Bitcoin-native digital artifacts. Inscribing is done by sending the satoshi to be inscribed in a transaction that reveals the inscription content on-chain. This content is then inextricably linked to that satoshi, turning it into an immutable digital artifact that can be tracked, transferred, hoarded, bought, sold, lost, and rediscovered. ([Page 7](zotero://open-pdf/library/items/MJG3ADT2?page=6&annotation=TT53FJQX)) ^481308823 - Inscription content is entirely on-chain, stored in taproot script-path spend scripts. ([Page 10](zotero://open-pdf/library/items/MJG3ADT2?page=9&annotation=XVNS9DDF)) ^481308824 - Since taproot script spends can only be made from existing taproot outputs, inscriptions are made using a two-phase commit/reveal procedure. First, in the commit transaction, a taproot output committing to a script containing the inscription content is created. Second, in the reveal transaction, the output created by the commit transaction is spent, revealing the inscription content on-chain. ([Page 10](zotero://open-pdf/library/items/MJG3ADT2?page=9&annotation=7Z7I9TY7)) ^481308825