{"id":"sats-ordinals","version":1,"language":"en","title":"SATS (Ordinals)","hidden":false,"content":"**SATS** is a token based on the [BRC-20](https://iq.wiki/wiki/brc-20) standard, which uses the [Ordinals](https://iq.wiki/wiki/bitcoin-ordinal) protocol on the [Bitcoin](https://iq.wiki/wiki/bitcoin) network to facilitate token creation and management.[\\[1\\]](#cite-id-wumvci1bfxc)[\\[2\\]](#cite-id-2vjzczgk3ku)  \n  \n# Overview  \n  \nSATS, introduced in March 2023, is a token developed under the [BRC-20](https://iq.wiki/wiki/brc-20) standard and utilizes the [ordinals](https://iq.wiki/wiki/bitcoin-ordinal) protocol on the [Bitcoin](https://iq.wiki/wiki/bitcoin) network. This protocol assigns unique IDs to satoshis, enabling the creation of interchangeable tokens.  \n  \nThe [BRC-20](https://iq.wiki/wiki/brc-20) standard facilitates the processes of deploying, minting, and transferring these tokens, with network fees that vary based on [Bitcoin’s](https://iq.wiki/wiki/bitcoin) fee rate. Unlike [ERC-20](https://iq.wiki/wiki/erc-20) tokens, [BRC-20 ](https://iq.wiki/wiki/brc-20)tokens, including SATS, do not support [smart contracts](https://iq.wiki/wiki/smart-contract). However, they are being explored for uses such as microtransactions and decentralized finance. SATS are derived from \"Satoshis,\" the smallest unit of Bitcoin.[\\[1\\]](#cite-id-wumvci1bfxc)[\\[2\\]](#cite-id-2vjzczgk3ku)[\\[3\\]](#cite-id-u33m1a77jtp)  \n  \n## Deploying and Minting SATS  \n  \nDeploying SATS [BRC-20](https://iq.wiki/wiki/brc-20) tokens involves recording their metadata onto the [Bitcoin](https://iq.wiki/wiki/bitcoin) [blockchain](https://iq.wiki/wiki/blockchain) in JSON format. This metadata typically includes details such as the protocol type, operational functions, token symbol, supply limits, minting limits, and decimal places.  \n  \nThe [minting](https://iq.wiki/wiki/minting) process aims to generate a specified number of tokens through JSON inscriptions. Once the network verifies these inscriptions, the tokens are assigned to the creator's address, similar to how transactions are processed.[\\[2\\]](#cite-id-2vjzczgk3ku)  \n  \n## Transferring SATS  \n  \nTransferring SATS tokens requires generating a new inscription with the 'transfer' operation and specifying the amount to be sent. This inscription is processed as a standard Bitcoin transaction, which moves the tokens from one address to another. The [Bitcoin](https://iq.wiki/wiki/bitcoin) network treats this as a regular transaction and does not interpret the embedded [BRC-20](https://iq.wiki/wiki/brc-20) token data.  \n  \nThe introduction of SATS [BRC-20](https://iq.wiki/wiki/brc-20) tokens has prompted discussions regarding increased transaction fees and concerns about deviations from [Bitcoin's](https://iq.wiki/wiki/bitcoin) original peer-to-peer purpose, reflecting both the new functionalities and challenges associated with these tokens.[\\[2\\]](#cite-id-2vjzczgk3ku)","summary":"SATS is a token based on the BRC-20 standard using Bitcoin's Ordinals protocol for token creation and management, introduced in March 2023.","categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"promoted":0,"tags":[],"metadata":[{"id":"references","value":"[{\"id\":\"wumvci1bfxc\",\"url\":\"https://satscoin.vip/en\",\"description\":\"SATS website\",\"timestamp\":1721551187959},{\"id\":\"2vjzczgk3ku\",\"url\":\"https://www.okx.com/de/learn/what-is-sats-bitcoin-brc20-token\",\"description\":\"OKX - What is SATS\",\"timestamp\":1721551198637},{\"id\":\"u33m1a77jtp\",\"url\":\"https://x.com/sats_info?lang=de\",\"description\":\"SATS Twitter\",\"timestamp\":1721551403478}]"},{"id":"website","value":"https://satscoin.vip/en"},{"id":"contract_url","value":"https://unisat.io/inscription/9b664bdd6f5ed80d8d88957b63364c41f3ad4efb8eee11366aa16435974d9333i0"},{"id":"twitter_profile","value":"https://twitter.com/satsvipordinal"},{"id":"telegram_profile","value":"https://t.me/satsbrc20_community"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/sats-ordinals/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/sats-ordinals"},{"id":"previous_cid","value":"Qmavd3aB9THAqtrrFNzRhFWJoafxgwAQebFcfJnrJv3PUU"}],"user":{"id":"0x6753061a4cffbc0A617e57E956A298D88702a94B"},"author":{"id":"0xf32ECD5c8f5633212f1a25A3931aDDc0CEc42938","profile":{"username":"Tara","avatar":"QmcYZFprbPwBjahvN3cjVsdTGtYgCx8jM1Myeb7yYJyeUF"}},"media":[{"name":"42853.webp","id":"Qmc9PxFTbHkszrZf3rA6LMW62raEBtudzjDFTFwRsVWcHx","size":"0.10","type":"GALLERY","source":"IPFS_IMG"}],"views":44,"events":[{"title":"SATS Launch","description":"SATS Launch Date","link":"https://bsc.news/post/what-is-sats-ordinals","date":"2023-12","type":"CREATED"}],"linkedWikis":{"founders":["anon"],"blockchains":["bitcoin"]},"founderWikis":[{"id":"anon","title":"Anon"}],"blockchainWikis":[],"ipfs":"Qmavd3aB9THAqtrrFNzRhFWJoafxgwAQebFcfJnrJv3PUU","transactionHash":"0x670b00a882fb0d2320294e50ea523feee342afbcfb99e77df51fac8fc0c4184e","created":"2024-07-21T08:56:59.377Z","updated":"2024-07-26T15:12:12.524Z","images":[{"id":"QmNiQbFZMZkRRqs5Mi4h3HW1ec5xv14NQYeW6xT9y2nv9L","type":"image/jpeg, image/png"}]}