SATS (Ordinals): What Is It and How Does It Work?

Bittime - In the ever-changing crypto world, SATS has managed to attract the attention of many crypto enthusiasts. Launched as a BRC-20 token, SATS quickly rose to become a popular token in the crypto market. This article will discuss what SATS is, how it works, and its uses. Let's take a look!

What is SATS (Ordinals)?

SATS is a token based on the Ordinal protocol, which uses the BRC-20 token standard on the Bitcoin network. The name SATS itself is taken from 'Satoshi', the smallest unit of Bitcoin. Each Bitcoin can be divided into 100 million satoshi. Although SATS is not the smallest part of Bitcoin, it is a reference to the famous cryptocurrency. 

Unlike most tokens that are created with the intention of making it big in the blockchain ecosystem or crypto assets as a whole, SATS is a meme token created just for fun. 

For your information, the Ordinal protocol allows developers to assign a different identity or file to each satoshi in the Bitcoin network, a process called inscription . This mechanism is the basis for token development, whether it is a fungible token such as the BRC-20 token, or a non-fungible token (NTF) that displays digital artwork. 

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Ecosystem

SATS's success is largely due to the enthusiasm of its community. As is known, the success of meme tokens often occurs when people come together to have fun and explore blockchain technology. SATS has become a symbol of this spirit, with an increasing number of groups supporting its network. 

What are the uses of SATS tokens?

Using an ordinal protocol, SATS can form a token economy on the Bitcoin network. SATS tokens can be used to create and transfer BRC-20 tokens. 

SATS can be run without the need for a smart contract. This means that users can have more freedom to create tokens by entering certain files into satoshis.

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Tokenomics

SATS has a total token supply of 2,100 Trillion SATS. This token has over 37,430 storage addresses and over 21,425,690 total transactions. 

Currently SATS is 100 percent mintable , making it even more attractive to trade and invest for fun — in line with the original purpose of creating the token itself which was considered a memecoin . 

SATS is in 2204th place based on Coinmarketcap data with a total market capitalization of IDR 4.2 T.  

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Conclusion

With its wide range of potential uses and scalability, SATS occupies a unique position in the crypto world. 

Yes, in the crypto world, the presence of SATS reminds us that not all digital assets are created with big goals that have a broad impact. On the contrary, as a token meme, SATS was created just for fun, and because of this concept, SATS actually gained attention from many people. 

SATS, with its proprietary concept, impressive price increases, and growing community, shows that the world of crypto can provide both fun and profit opportunities for its users. 

However, as with any investment, the benefits and risks need to be evaluated carefully. Therefore, for those interested, it is advisable to seek in-depth information before considering any asset investment. 

How to Buy SATS on Bittime

You can buy and sell SATS tokens in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

SATS is available on Bittime in 1000SATS IDR pairings. To be able to buy 1000SATS/IDR at Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet.

For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn Complete Guide How to Buy RATS on Bittime . 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.