What is PIIN?
At its core, piin (Ordinals) is an innovative project that leverages the Ordinals protocol to enable the minting, management, and trade of NFTs on the Bitcoin blockchain. The Ordinals protocol was pioneered by Casey Rodarmor in January 2023, presenting a groundbreaking method that allows for the inscription of data—ranging from images and videos to complex metadata—onto individual satoshis, which are the smallest units of Bitcoin.
This process transforms these satoshis into distinctive, non-fungible digital artefacts that retain the inherent characteristics of Bitcoin, ensuring that they are both secure and traceable. Unlike NFTs created on other blockchains, which often depend on secondary networks or alternative tokens, piin (Ordinals) allows digital assets to become a native feature of Bitcoin itself. This unique positioning grants NFT creators and collectors unprecedented access to the Bitcoin ecosystem, enriching their involvement in the cryptocurrency space.
For details, please read: What is piin (Ordinals)?