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TLS105: Lisa Neigut on the State of Bitcoin's Second Layer, L2 Interoperability, and More

The Kevin Rooke Show

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Ordinals: A New Accounting System for Bitcoin

Ordinals is a new way of keeping track of who owns what Bitcoin that isn't transactions in a block. It's kind of funny because we've been talking or I've been talking about layer two's from like, okay, it's an accounting system and then for something like ordinals, where does that fit in the hole? The ownership part is still accounted for in the Bitcoin ledger. But as soon as you add this new numbering system, suddenly it gives you the ability to like, once you've numbered all the Satoshi's, you can commit data at a particular Satoshi. And then people can like pay you for that Satoshi later or whatever.

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