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On Sunday morning the king will grant new royal titles to members of the royal family at the Amarindra Vinicchaya Throne Hall. After the rituals the king will attend a “housewarming” private ceremony at the Chakrapat Biman Royal Residence inside the Grand Palace Complex, accompanied by the female members of the royal family. The king will then visit the Temple of the Emerald Buddha on Saturday afternoon to declare himself the patron of Buddhism, the religion followed by more than 90 percent of Thais. After being crowned, the king will meet with royal family members, his privy council, and the cabinet, and senior officials who will greet the newly crowned monarch at the Amarindra Vinicchaya Throne Hall. He will then receive the monarch’s regalia, including five key objects: the great crown of victory, the sword of victory, the royal sceptre, the royal fan and fly whisk, and the royal slippers.
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After the purification and anointment, the king will then be seated under a nine-tiered umbrella which signifies full kingship. The waters were collected from 108 sources from around the country and blessed in temples by Buddhist monks and Brahmin priests. The king will then change into a full royal uniform and sit on an eight-sided, carved wooden throne inside the Grand Palace where he will receive sacred water on his hands, poured by selected officials from eight directions, representing the cardinal and ordinal directions on a compass. While Ordinals have been available for Bitcoin since the beginning of 2023, they are also present on the Litecoin blockchain after a hard fork introduced them on February 20, 2023.- Scholars says this ceremony is a simplified version of a ritual performed in ancient Indian courts. However, these two separate protocols can work together on the Bitcoin blockchain. The biggest difference between Stacks and Ordinals is that the former uses smart contracts, and the latter does not. However, Stacks is a Layer 2 solution, unlike Ordinals, which exist on Layer 1.
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This is similar to Ethereum, a blockchain that supports smart contracts to execute transactions more efficiently. Bitcoin Stacks stem from another blockchain protocol that lets users build smart contracts. Though the focus here is Ordinals, it's also worth mentioning Stacks. Because of the location reference offered by inscriptions, Satoshis can become NFTs in their own right and traded as such. What's important to note is that Bitcoin inscriptions can contain additional digital content within Satoshis, such as images and videos, similar to typical NFTs. Inscriptions are stored within the unique Bitcoin transaction signature. It's then down to the miner whether they want to create a standard block with regular BTC transactions or a block containing an Ordinal (along with smaller transactions to make up for the remaining space). When a given file is inscribed during a Bitcoin transaction, the transaction heads to the mempool (a standard practice) but is larger than a typical Bitcoin transaction due to the additional data. However, these do share differences, which we'll discuss later.
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Inscriptions are what point to the location of these Bitcoin NFTs, which is also a typical element in Ethereum-based NFTs. The introduction of Ordinals gives the Bitcoin blockchain a new lease of life regarding utility, as creators can now serve a purpose within the network.īitcoin Ordinals use inscriptions to add extra data to transactions. A maximum data amount of 3.9MB can be added to a given Satoshi transaction, and much of this data is currently utilized for digital art files.
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