mar 5, 2023 - Ordinal Envelopes

Description:

Ordinal numbers are serial numbers for satoshis, assigned in the order in which they are mined, and preserved across transactions. They are described in Bitcoin BIP pr1408 and implemented with ord.

By integrating Ordinal numbers into the Counterparty federated node stack, they can be viewed through the lens of Counterparty's account model as one-time use addresses.

Ordinal theory is similar to Counterparty in terms of platform consensus. They are both smart contracts deployed as node software rather than as on-chain logic (EVM).

Connecting the Ordinal and Counterparty ecosystems is prudent for increasing interoperability within the broader bitcoin ecosystem.

Author: Joe Looney