SATS (Ordinals) (SATS) converter and calculator

What is SATS Ordinals (SATS)?

SATS is an abbreviation for Satoshis, which is the smallest unit of Bitcoin. This means that each bitcoin can be divided into 100,000,000 satoshis. In the Bitcoin blockchain and source code, all bitcoin amounts are measured in satoshis, and they are only converted to bitcoin for the purpose of familiarity and readability.

How does the Bitcoin Ordinals Work?

The process of distinguishing and tracking individual sats is made possible through the Ordinals protocol. This system is crucial in creating Bitcoin-based NFTs. Whenever new bitcoin is created as mining rewards in a newly mined Bitcoin block, a unique number is assigned to each sat by the protocol, according to their mining time.

How are BRC-20 tokens created?

There is another type of token called BRC-20, which is created through JSON inscriptions on satoshis via Bitcoin ordinals. While they resemble smart contract tokens, BRC-20 tokens follow a different standard that defines their core features through the use of JSON.

What’s the difference between BRC-20 and ERC-20 tokens?

There are two types of tokens: ERC-20 and BRC-20. ERC-20 tokens use smart contracts on the Ethereum network, while BRC-20 tokens are built on the Bitcoin blockchain and follow a different standard that doesn't require smart contracts.