Plain meaning
Start with the shortest useful explanation before going deeper.
A protocol created by Casey Rodarmor in January 2023 that assigns a unique serial number (ordinal) to each individual satoshi based on mining order, enabling satoshis to carry arbitrary data (inscriptions) stored in Taproot witness data. Inscriptions can contain images, text, HTML, or other media up to the ~4 MB block weight limit, creating non-fungible digital artifacts natively on Bitcoin. Over 63 million inscriptions were created by early 2024.