Over the years, innovators have implemented many changes to enhance the utility of the bitcoin network. One of which is bitcoin bitmaps. Originally under ordinals, bitmaps are becoming the next big thing.
What are Bitcoin Bitmaps?
In a simplified explanation, bitmaps are blocks on the bitcoin network that form the community driven metaverse.(digital land on the bitcoin network).
They are made of the individual transactions in a block. You can buy an individual plot in a bitmap (district), where, consequently, you can host anything you would do in a normal Metaverse, but now on the bitcoin network.
How do Bitcoin Bitmaps Exist?
Daily, creators can only generate an average of 144 bitmaps, limiting the daily minting of digital land to that number. Every 10 minutes, the system generates a new block, enabling the minter to mint it as a bitmap and sell, rent, or utilize the individual transactions (parcels) as they see fit.
Image showing the parcels (transactions) in a bitmap (block)
How to get Bitmaps.
Bitmaps can be bought through the ordinals wallet. Additionally, the process will require funds to facilitate the inscription process. Moreover, due to network conditions, it could take up to a day or two
Your Ordinals wallet enables access to buy bitmaps.
Conclusion.
We have looked at the basic understanding of a bitmap and what makes them what they are. Get to know more about Bitcoin ordinals from our YouTube channel here.
Follow us as we get to know more about bitmaps through Crypto University.