Discover how to buy and sell Bitcoin Ordinals on a completely trustless platform, with no middlemen or escrow.
Marketplaces can significantly benefit the Bitcoin Ordinal ecosystem by providing a more accessible, efficient, and transparent trading environment for collectors and flippers. By facilitating peer-to-peer (p2p) transactions and enabling price discovery, marketplaces can increase liquidity and reduce volatility in the market. Additionally, marketplaces can help to break down barriers to entry and promote innovation in the space by creating more opportunities for developers, investors, and bitcoin enthusiasts alike, to participate in the ordinals ecosystem.
Unlike Ethereum, there are no smart contracts on the Bitcoin network.
So, how do Bitcoin Ordinal marketplaces work?
When you list an ordinal for sale, on a marketplace like OpenOrdex, what you are actually doing behind the scenes is posting a Partially Signed Bitcoin Transaction (PSBT) and waiting for a buyer to meet the listed price. Once the transaction parameters are met, the listed price is sent to the seller’s wallet, while the ordinal goes to the buyer’s. With a marketplace like OpenOrdex, your ordinal never leaves your wallet until the transaction is finalized, broadcasted, and mined into a block.
Marketplaces
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