DRAC (Ordinals) DRAC price:

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DRAC represents a fungible token minted on the Bitcoin blockchain using the innovative BRC-20 standard, which leverages the Ordinal theory. The emergence of BRC-20 tokens like DRAC signifies a novel approach to creating and managing digital assets directly on Bitcoin's foundational network, a capability previously not natively supported for fungible tokens. This development has expanded Bitcoin's utility beyond its primary function as a peer-to-peer electronic cash system, allowing for the creation of unique digital artifacts and decentralized applications within its ecosystem. The BRC-20 standard is an experimental token standard that operates by inscribing data onto satoshis, the smallest unit of Bitcoin. Each satoshi can be uniquely identified and given additional data, such as JSON text that defines a token contract, including details like minting, deploying, and transferring. This process, known as inscription, essentially turns individual satoshis into unique digital assets. When applied to fungible tokens like DRAC, multiple inscribed satoshis collectively represent a specific token, allowing for transferable and divisible units that behave much like tokens on other smart contract-enabled blockchains, but with the security and decentralization inherent to Bitcoin. DRAC, as a BRC-20 token, exemplifies this new wave of innovation on the Bitcoin blockchain. Its existence relies entirely on the robust security and decentralized nature of the Bitcoin network, ensuring that transactions are immutable and censorship-resistant. Unlike tokens on other chains that depend on smart contracts for their functionality, BRC-20 tokens derive their properties directly from the Bitcoin script and the Ordinal inscription process. This design philosophy emphasizes simplicity and reliance on Bitcoin's core mechanics. The utility and value of DRAC, similar to other BRC-20 tokens, are often driven by community interest, speculative demand, and potential integration into nascent applications being developed within the Bitcoin Ordinals ecosystem. While the BRC-20 standard is still in its early stages of development and is considered experimental, it has opened up new avenues for creators and developers to explore decentralized finance and non-fungible token functionalities directly on Bitcoin. DRAC serves as a practical example of how the Ordinal theory can be applied to extend Bitcoin's capabilities, fostering a new layer of economic activity and digital ownership directly on the network's immutable ledger, without requiring changes to Bitcoin's core protocol. It represents a frontier in blockchain technology, pushing the boundaries of what is possible on the oldest and most secure cryptocurrency network.

DRAC (Ordinals) is a token and it means it is a cryptocurrency, which based its activities on the blockchain of other cryptocurrencies such as Ethereum Blockchain or EOS Blockchain. Examples of Tokens: Chainlink, OmiseGo, 0x.

What is the value of DRAC (Ordinals) coin?

1 DRAC (Ordinals) is worth $0.007346.

To get price and historical data for DRAC (Ordinals) coin, use API ID: drac-drac-ordinals for endpoints at http://api.coinpaprika.com.