The management of non -fungible tokens of 1sat ordinals (NFT) is about to be much easier. Blockchain and Indexador Whatsanchain data explorer now admits the protocol with an API set in beta tests. Developers can create tools to register individual tokens and collectible series, as well as recover any other relevant metadata.
It shows a growing support for digital tokens based on the principles of ordinals, specifically the 1sat token protocol that uses the scalable blockchain network of BSV for rapid transfers and low rates.
The API will allow application developers to call different metadata attached to individual tokens: their “origin output”, number of origin, data content, more recent transfer and transfer history, and any tokens data contained within a transaction within a transaction BSV. Whatsonchain also 1Sat Ordinal Transactions on their statistics page so that users can see how they compare with other BSV applications and protocols.
For now, the API of the beta test will handle only 1 sAT ordinal NFT. Whatsochain said that support for fungible tokens used by BSV20 and BSV21 protocols will come later:
The Documentation section of the 1SAT Ordinal Project also has a collection of API final points, as well as Gorillapool. If you want to obtain more information about the protocol in general and see how people use it, join the 1sat discord group.
1Sat Ordinals is the name given to NFT and other chips in the BSV block chain. Follow the “ordinal” token frames that exist in several forms in other blockchains (for example, BRC-20 tokens in BTC). The basic principle behind the ordinals is that the smallest unit of the native currency unit of a block chain can be identified with a unique ordinal number. Think about it as a serial number on a ticket, but it is more useful since it is digital. In the case of Bitcoin, that is a “Satoshi” or 1/100,000,000 of a bitcoin. 1Sat ordinals can officially register any Satoshi with a serial number that begins with those in the 783968 transaction block (prosecuted on March 20, 2023).
Once identified with its ordinal number, a Satoshi can “register” using the bitcoin script with additional data such as an image, file or other value. The unique token now has additional properties that make it useful beyond being a monetary unit: the most common use is the creation of collectible tokens or unique NFT series, limited series of fungible tokens or game elements. They can also be used to sell access/use rights to creative works, serve as tickets or reward points, or any other case of use that may imagine for unique digital tokens.
Ordinals are incredibly useful, but they work much better in a scalable block chain like BSV. Why is that? Well, if you want to send a single Satoshi to someone, rates in non -scalable chains such as BTC can be exponentially higher than the value of the transaction itself. The massive volume of transactions that these tokens transactions will soon obstruct a limited network as BTC, to disturb some BTC developers, who have made calls to prohibit ordinal transactions into that network.
BSV, however, has unlimited capacity to climb, and its transaction blocks can handle multiple gigabytes of additional data. Transaction rates are still a small fraction of a penny of the USA. On average (while in BTC, we often talk about entire dollars). BSV also does not require a screwed or “layer” transaction (for example, sidechas, separate networks) to send a single Satoshi registered to the orderly and their additional data, hence the name “1Sat Ordinals”.
With potentially billions of unique tokens, there must be ways to monitor everyone. This includes metadata such as what type of Token are, when created, their purpose, whether or not they are part of a collection/series, and which the address currently owns them. The wallets must know this information before one token can be sent to another owner or used for their planned purpose. By the way, it is possible that a 1sat token of 1Sat wins a new “origin” (the point at which it became a unique satoshi) as the utxes divide and/or unite. This sounds complicated, but attached protocol and APIs are also designed to monitor this.
Here is a flow diagram of how it works, at least for the effects of Whatsochain API.
Whatsochain also has an API set (also in beta) for STA, another token protocol for BSV.
Taal Distributed Information Technologies developed the Whatsochain service. In addition to processing “miners” transactions and bitcoins, Taal is also developing other services to admit distributed applications and other solutions for the broader blockchain technology field.
Clock: Tokens in Bitcoin? ONE SAT ARDALS AND SCRYPT
https://www.youtube.com/watch?v=sojm9httqbg Title = “YouTube Video Player” FRAMBORDER = “0” allowed = “accelerometer; autoplay; clipboard-write; encryption-media; gyroscope; photo image; origin” tentishullscreen = “”>>>