coinbase_ordinals = list(range(first, last))

  for transaction in block.transactions[1:]:
    ordinals = []
    for input in transaction.inputs:
      ordinals.extend(input.ordinals)

    for output in transaction.outputs:
      output.ordinals = ordinals[:output.value]
      del ordinals[:output.value]

    coinbase_ordinals.extend(ordinals)

  for output in block.transaction[0].outputs:
    output.ordinals = coinbase_ordinals[:output.value]
    del coinbase_ordinals[:output.value]
</pre>

=== Terminology and Notation ===

A satpoint may be used to indicate the location of a sat within an output. A
satpoint consists of an outpoint, i.e., a transaction ID and output index, with
the addition of the offset of the ordinal within that output. For example, if
the sat in question is at offset 6 in the first output of a transaction, its
satpoint is:

`680df1e4d43016571e504b0b142ee43c5c0b83398a97bdcfd94ea6f287322d22:0:6`

== Discussion ==

=== Rationale ===

Ordinal numbers are designed to be orthogonal to other aspects of the Bitcoin