General Information
Bitcoin Overview
- Source: Bitcoin Blockchain
- Volume (24h): [Dynamic data]
- Trades (24h): [Dynamic data]
- Pairs: [List of trading pairs]
👉 Get a custom Ordi price oracle or API endpoint
Token Information
What Is Ordi (ORDI)?
Ordi token (ORDI) is a cryptocurrency integrated into the Ordinals Protocol ecosystem, enhancing digital asset transactions on the Bitcoin blockchain. Founded by Casey Rodarmor in 2023, Ordi leverages ordinal theory for tokenization.
Key Features:
- Utility in blockchain operations
- Innovative asset management via BRC-20 standard
- Direct inscription of data (text, images, etc.) on satoshis
How Does Ordi Work?
- Blockchain: Bitcoin (via Ordinals Protocol)
- Technology: Utilizes Taproot upgrade for complex data handling
Functionality:
- Creates NFTs and tokens without smart contracts
- Ensures immutability through Bitcoin’s security
Challenges:
- Scalability limitations
- Potential fee increases due to on-chain data storage
Benefits of Ordi
| Feature | Advantage | Limitation vs. ERC-20 |
|---|---|---|
| Security | Bitcoin’s PoW consensus | No smart contract functionality |
| Fungibility | Easily tradable | Fewer DeFi applications |
| Accessibility | Simple BRC-20 token creation | Network congestion risks |
Use Cases for Ordi
- Digital Collectibles: NFT creation on Bitcoin.
- Art & Media: Ownership of inscribed satoshis.
- Payments: Cryptocurrency transactions.
Example: Artists mint NFTs directly on Bitcoin, ensuring authenticity.
DIA’s Ordi API & Price Oracle
Ordi API
- Data Sources: 85+ exchanges (on/off-chain).
Features:
- Free demo endpoints for testing.
- Custom feeds for DeFi (derivatives, lending, etc.).
- Integration: Standardized JSON/WebSocket formats.
Ordi Price Oracle
- Networks: 50+ L1/L2 chains.
- Customization: Adjustable data sources/methodologies.
- Transparency: Full data journey visibility.
Use Cases: Derivatives, stablecoins, synthetic assets.
Why Choose DIA?
- Granular Monitoring: Real-time feed tracking.
- Broad Coverage: 3,000+ cryptocurrencies.
- Tailored Solutions: Bespoke oracles for niche needs.
FAQs
1. How does Ordi differ from ERC-20 tokens?
Ordi operates on Bitcoin (BRC-20) with no smart contracts, prioritizing security over programmability.
2. What’s the cost of DIA’s custom oracle?
Pricing varies based on complexity. Contact DIA via Telegram/Discord for quotes.
3. Can Ordi handle high-frequency trades?
Bitcoin’s block time may limit speed compared to Ethereum, but Taproot improves efficiency.
4. Is DIA’s data suitable for institutional use?
Yes, with enterprise-grade SLAs and customizable redundancy.
Other Cryptocurrency APIs
DIA stands out for:
- Transparency: Real-time monitoring.
- Coverage: 3,000+ assets.
- Flexibility: Chain-agnostic feeds.