brc-20
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Inscriptions can be seen as a test field for runes to some extent
Inscriptions can be seen as a test field for runes to some extent. Inscriptions caused an uproar, and its large files and a large amount of "meaningless" BRC-20 trace information appeared in Bitcoin's Taproot data, so it was numbered by the CVE vulnerability. Despite the controversy, inscriptions bring violent aesthetics and are full of topics. In contrast, runes are based on the UTXO model, and data is stored in OP_RETURN, which is more concise, but the space is limited and the function is also limited. It is mainly used to issue cryptocurrencies. Therefore, inscriptions can be seen as a test bed for runes to some extent, especially when dealing with the "awkward" form of BRC-20. Regardless of the heat and controversy, it is positive to promote the development of the Bitcoin network, and time will provide us with choices. #符文 #brc-20 #Taproot #UTXO
Inscriptions can be seen as a test field for runes to some extent. Inscriptions caused an uproar, and its large files and a large amount of "meaningless" BRC-20 trace information appeared in Bitcoin's Taproot data, so it was numbered by the CVE vulnerability. Despite the controversy, inscriptions bring violent aesthetics and are full of topics. In contrast, runes are based on the UTXO model, and data is stored in OP_RETURN, which is more concise, but the space is limited and the function is also limited. It is mainly used to issue cryptocurrencies. Therefore, inscriptions can be seen as a test bed for runes to some extent, especially when dealing with the "awkward" form of BRC-20. Regardless of the heat and controversy, it is positive to promote the development of the Bitcoin network, and time will provide us with choices. #符文 #brc-20 #Taproot #UTXO
Battle of the Tokens: $1000SATS vs. $ORDI
Exploring the Crypto Showdown!"
#brc-20 #TrendingPredictions
Exploring the Crypto Showdown!"
#brc-20 #TrendingPredictions
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#ordi #ethi
With the popularity of BRC20, ORDI was listed on Binance, which directly ignited the FOMO sentiment in the market. Ethereum Inscription is not yet listed on the exchange, but there is a chance. Those who know how to make inscriptions can also play with it, and those who don’t know how to make inscriptions can just go to the market and buy it! #brc-20
With the popularity of BRC20, ORDI was listed on Binance, which directly ignited the FOMO sentiment in the market. Ethereum Inscription is not yet listed on the exchange, but there is a chance. Those who know how to make inscriptions can also play with it, and those who don’t know how to make inscriptions can just go to the market and buy it! #brc-20
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Where will the BRC-20 inscription go in the future?
First conceptualized in March 2023, BRC-20 is an “experimental token” that supports the deployment, minting and transfer of non-fungible tokens (NFTs) on the Bitcoin blockchain, by @domodata on Twitter Propose "Ordinal Theory" to add a new way of playing Bitcoin's original L1. Understand Ordinal and Inscription. "Ordinal" exists in every node of the Bitcoin ecosystem. "Satoshis" (sats) are the smallest unit of the Bitcoin network. 1 BTC = 100,000,000 sats. Everyone has Data such as text, images, videos, etc. can be "engraved" on Satoshi through the technology of "ordinal theory", and the tokens can then be "engraved" into inscriptions. Due to the relationship of "fairness and naming", $ORDI and $STAS are indirectly given status. The enthusiasm of the BRC-20 market has intensified the congestion of the Bitcoin network. You must know that the 4-year halving cycle of Bitcoin is approaching, and the block rewards will only become lower and lower. The "inscription" also causes the handling fees that miners obtain from it. Dramatic increase. On November 7, 2023 (UTC+8), Binance Exchange announced the listing of $ORDI . On the day of the announcement, the currency price was about 6U. As of December 6, it rose to a maximum price of about 65U with $BTC. However, at 0900 hours on the same day, Bitcoin ecological developers @LukeDashjr tweeted that "the serial number/inscription is a vulnerability on Bitcoin L1. It is a spam attack and will be fixed in subsequent versions." As soon as this was published, the currency price fell to 40U at 1900 pm. About 13 hours later (2300 (At that time) Luke wrote back that "it is not necessary to eliminate the inscription to bring benefits to Bitcoin." Then the price hit a record high of about 70U. On December 9, 2023 (UTC-5), the U.S. National Vulnerability Database (NVD) marked Bitcoin’s inscription technology (Inscriptions) as a cybersecurity risk and officially became a nationally certified vulnerability. Here comes the problem. After the vulnerability is repaired in the future, the inscriptions will not be tampered with based on the blockchain and will be "unable" to be deleted. The existing inscriptions will still exist on the Bitcoin network, but after the repair, can everyone continue to inscribe or trade them? ? After asking Luke, "Inscriptions cannot be traded in nature. It destroys the original ecology of Bitcoin and is used by some people to defraud money." But when I asked whether the existing inscriptions that had been listed on the exchange, such as $ORDI , would not be tradable in the future, he only replied, "Who knows?""This answer is very interesting. Even if it can no longer be inscribed or traded after repair, can the exchange issue new tokens based on the popularity of the existing inscriptions in a 1:1 exchange method for the original holders to exchange them? Can it still be traded in the future and retain the historical initiative of "Inscription"? Repair operations must be verified by miner nodes, but can such indirect exploitation of miner rewards really be approved by the community? If there is indeed a demand for BRC-20 inscriptions in the future market, it may be necessary to create a side chain through a "hard fork", such as the birth of $BCH in 2017, but NVD has recorded it as a vulnerability. Can this problem not be repaired? ? As of the moment of publication, according to#OKXWeb3 wallet information, 14,527 types of inscriptions on BRC-20 have been minted, and 4,120 types are in the process of minting. Before the vulnerability is fixed, everyone can "fairly" inscribe their own tokens and include them in node, but it may not be possible on BRC-20 in the future, and inscriptions can only be created through other chains. The above are only personal opinions. Everyone is welcome to discuss and share. They do not constitute any investment advice. #brc-20
Battle of the Tokens: SATS vs. Ordi - Exploring the Crypto Showdown!
"Battle of the Tokens: SATS vs. Ordi - Exploring the Crypto Showdown!"
let's break down...
SATS:
Advantages:
1. Association with Bitcoin: SATS maintains a strong association with Bitcoin, the most famous and widely used cryptocurrency. This provides additional trust to users due to its connection with the leading cryptocurrency.
2. Recognition of Satoshi Nakamoto: By using the name "SATS" and considering the smallest denomination in Bitcoin, the token pays homage to Satoshi Nakamoto, the creator of Bitcoin. This creates an emotional bond with the Bitcoin community and encourages token usage.
Disadvantages:
1. Dependency on Other Networks: SATS operates on other blockchain networks like Binance Smart Chain or Ethereum, meaning it has security and reliability dependent on those networks. This introduces additional risks not present in the Bitcoin network.
2. Meme Volatility Potential: As a meme token, SATS is susceptible to high price volatility and extreme fluctuations. Token prices can be influenced by meme trends and market sentiments rather than economic fundamentals.
Ordi:
Advantages:
1. Operates on Bitcoin Network: Ordi is one of the first tokens to run on the Bitcoin blockchain. This provides additional security as it is backed by the established and trusted infrastructure of the Bitcoin network.
2. Innovation in the Bitcoin Ecosystem: By using the BRC-20 token standard on the Bitcoin blockchain, Ordi brings innovation to the Bitcoin ecosystem, which previously was primarily focused on BTC transactions. This opens doors for further development within the Bitcoin network.
Disadvantages:
1. Functionality Limitations: As it operates on the Bitcoin network, Ordi may have limitations in functionality and capabilities compared to tokens running on more flexible blockchain networks like Ethereum or Binance Smart Chain.
2. Security Level: Although operating on the secure Bitcoin network, Ordi is still subject to security risks associated with Bitcoin's protocol and network infrastructure. This includes risks like 51% attacks and other protocol vulnerabilities.
It's important to note that these evaluations may change over time as the crypto ecosystem and individual projects develop. Before engaging in the usage or investment of any token, it's advisable to conduct thorough research and consider the risks and rewards associated with each project.
#brc-20 $ORDI $1000SATS #TrendingTopic!
let's break down...
SATS:
Advantages:
1. Association with Bitcoin: SATS maintains a strong association with Bitcoin, the most famous and widely used cryptocurrency. This provides additional trust to users due to its connection with the leading cryptocurrency.
2. Recognition of Satoshi Nakamoto: By using the name "SATS" and considering the smallest denomination in Bitcoin, the token pays homage to Satoshi Nakamoto, the creator of Bitcoin. This creates an emotional bond with the Bitcoin community and encourages token usage.
Disadvantages:
1. Dependency on Other Networks: SATS operates on other blockchain networks like Binance Smart Chain or Ethereum, meaning it has security and reliability dependent on those networks. This introduces additional risks not present in the Bitcoin network.
2. Meme Volatility Potential: As a meme token, SATS is susceptible to high price volatility and extreme fluctuations. Token prices can be influenced by meme trends and market sentiments rather than economic fundamentals.
Ordi:
Advantages:
1. Operates on Bitcoin Network: Ordi is one of the first tokens to run on the Bitcoin blockchain. This provides additional security as it is backed by the established and trusted infrastructure of the Bitcoin network.
2. Innovation in the Bitcoin Ecosystem: By using the BRC-20 token standard on the Bitcoin blockchain, Ordi brings innovation to the Bitcoin ecosystem, which previously was primarily focused on BTC transactions. This opens doors for further development within the Bitcoin network.
Disadvantages:
1. Functionality Limitations: As it operates on the Bitcoin network, Ordi may have limitations in functionality and capabilities compared to tokens running on more flexible blockchain networks like Ethereum or Binance Smart Chain.
2. Security Level: Although operating on the secure Bitcoin network, Ordi is still subject to security risks associated with Bitcoin's protocol and network infrastructure. This includes risks like 51% attacks and other protocol vulnerabilities.
It's important to note that these evaluations may change over time as the crypto ecosystem and individual projects develop. Before engaging in the usage or investment of any token, it's advisable to conduct thorough research and consider the risks and rewards associated with each project.
#brc-20 $ORDI $1000SATS #TrendingTopic!
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New Protocol#CBRC20Mint General Tutorial
1/ Open the webpage: https://cybord.org/thecraft.html
2/ To link Unisat wallet, you need to use bc1p address
3/ Select MINT in the first functional area, the receiving address will be automatically filled in with your linked wallet address
4/ Enter the name of the token you want to mint (TICK) and the single transaction amount (AMT) in the METAATTRIBUTES column. The letters need to be case-sensitive.
Token information can be viewed on the deployment inscription. The attached picture shows the deployment information of the protocol’s first token $BORD.
5/ In the content carrier column (CONTENT MODE), select the type of carrier you want to mint the token on. You can choose text, JSON data or other files.
2/ To link Unisat wallet, you need to use bc1p address
3/ Select MINT in the first functional area, the receiving address will be automatically filled in with your linked wallet address
4/ Enter the name of the token you want to mint (TICK) and the single transaction amount (AMT) in the METAATTRIBUTES column. The letters need to be case-sensitive.
Token information can be viewed on the deployment inscription. The attached picture shows the deployment information of the protocol’s first token $BORD.
5/ In the content carrier column (CONTENT MODE), select the type of carrier you want to mint the token on. You can choose text, JSON data or other files.
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What is BRC-20? Why is interest in #brc-20 tokens increasing?
BRC-20 or Bitcoin Request for Comment 20 tokens are a new type of tokens that work on the Bitcoin blockchain.
The token type is created using the Ordinals protocol, which allows users to store a script on Bitcoin and use it to attribute individual satoshis. BRC-20 tokens embed JSON data into ordinal scripts. It provides access to users who can then distribute, mint and transfer these tokens.
BRC-20 or Bitcoin Request for Comment 20 tokens are a new type of tokens that work on the Bitcoin blockchain.
The token type is created using the Ordinals protocol, which allows users to store a script on Bitcoin and use it to attribute individual satoshis. BRC-20 tokens embed JSON data into ordinal scripts. It provides access to users who can then distribute, mint and transfer these tokens.
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The inscription cools down the market and talks about personal subjective thoughts.
The first stage: very few people find the inscription, but they don’t understand it and don’t know how to look at it.
Phase 2: Some developers noticed the inscription, analyzed it from a technical perspective and had disagreements, and the inscription began to spread from BTC to other chains.
Current stage: The market’s reputation for inscriptions begins to change, concepts, meanings, and universal gameplay emerge, and mainstream authorities (exchanges, institutions, media) begin to accept inscriptions.
The next stage (pure conjecture): Ecological projects based on inscriptions continue to emerge. The craze on inscriptions is not surprising, and everyone talks about them.
The next stage (pure entertainment): Inscriptions for all people, newcomers from China and the West are all inscribed when they enter, CCTV reports, Musk sends inscriptions?
No one can accurately predict the market and predict the trend. But optimists are more likely to reap wealth during bull market cycles.
#Ordianls #brc-20 $ORDI $1000SATS
The first stage: very few people find the inscription, but they don’t understand it and don’t know how to look at it.
Phase 2: Some developers noticed the inscription, analyzed it from a technical perspective and had disagreements, and the inscription began to spread from BTC to other chains.
Current stage: The market’s reputation for inscriptions begins to change, concepts, meanings, and universal gameplay emerge, and mainstream authorities (exchanges, institutions, media) begin to accept inscriptions.
The next stage (pure conjecture): Ecological projects based on inscriptions continue to emerge. The craze on inscriptions is not surprising, and everyone talks about them.
The next stage (pure entertainment): Inscriptions for all people, newcomers from China and the West are all inscribed when they enter, CCTV reports, Musk sends inscriptions?
No one can accurately predict the market and predict the trend. But optimists are more likely to reap wealth during bull market cycles.
#Ordianls #brc-20 $ORDI $1000SATS
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Binance launches BRC-20 Sats (1000SATS): analysis of on-chain market reaction
The entire blockchain community was in for a splashy event yesterday when Binance launched BRC-20 Sats (1000SATS). By analyzing the market’s reaction to this listing on-chain, we can gain a deeper understanding of what SATS is and its potential impact on the cryptocurrency ecosystem. Here's a professional and fascinating breakdown of the incident:
Background introduction
Yesterday, Binance officially launched the BRC-20 Sats (1000SATS) token, which attracted widespread attention and discussion. The launch of this token has sparked excitement across the blockchain community, with many watching to see how the market reacts to this new asset.
Background introduction
Yesterday, Binance officially launched the BRC-20 Sats (1000SATS) token, which attracted widespread attention and discussion. The launch of this token has sparked excitement across the blockchain community, with many watching to see how the market reacts to this new asset.
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$BTC $ETH $BNB #美国大选如何影响加密产业？
On September 18, 2024, Eastern Time, the Federal Reserve decided to cut interest rates by 50 basis points, liquidity increased, risk appetite improved, and Bitcoin continued to rise. The bull market is approaching, and it's time to lay out. "Track ceiling, new narrative, low market value, low unit price, Bitcoin public chain ecology, top community, data health, leading coin" These thousand-fold potential essential conditions BRC-20 "𝛑" has all! The first-level inscription BRC-20 "𝛑" has been ranked first on the hot list for more than 6 months! 💥The inscription track is ranked 5th, and has been recognized by Binance and other head exchanges; you are worth holding! #BTC #Meme #BRC-20 #𝛑
On September 18, 2024, Eastern Time, the Federal Reserve decided to cut interest rates by 50 basis points, liquidity increased, risk appetite improved, and Bitcoin continued to rise. The bull market is approaching, and it's time to lay out. "Track ceiling, new narrative, low market value, low unit price, Bitcoin public chain ecology, top community, data health, leading coin" These thousand-fold potential essential conditions BRC-20 "𝛑" has all! The first-level inscription BRC-20 "𝛑" has been ranked first on the hot list for more than 6 months! 💥The inscription track is ranked 5th, and has been recognized by Binance and other head exchanges; you are worth holding! #BTC #Meme #BRC-20 #𝛑
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Architectural features of Bitcoin, or what's wrong with BRC-20?
#bitcoin #brc-20 #utxo
While Ethereum operates on an account-based model, Bitcoin uses an Unspent Transaction Output (UTXO) model to manage transactions, where each transaction consists of data inputs and outputs. During a transaction, inputs are deleted and new outputs are created. New outputs, called UTXOs, represent unspent balance that can be used in subsequent transactions. Essentially, UTXO is the BTC remaining in the wallet after transactions are completed.
This system is extremely important for Bitcoin - it provides a reliable way to track ownership and prevents double spending of BTC. Each UTXO can only be spent once, and all nodes on the Bitcoin network verify transactions, ensuring that UTXOs are not spent twice, thereby ensuring the integrity and security of the blockchain.
#bitcoin #brc-20 #utxo
While Ethereum operates on an account-based model, Bitcoin uses an Unspent Transaction Output (UTXO) model to manage transactions, where each transaction consists of data inputs and outputs. During a transaction, inputs are deleted and new outputs are created. New outputs, called UTXOs, represent unspent balance that can be used in subsequent transactions. Essentially, UTXO is the BTC remaining in the wallet after transactions are completed.
This system is extremely important for Bitcoin - it provides a reliable way to track ownership and prevents double spending of BTC. Each UTXO can only be spent once, and all nodes on the Bitcoin network verify transactions, ensuring that UTXOs are not spent twice, thereby ensuring the integrity and security of the blockchain.
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Gem1 and Gemx special event Up to 100 USDT BTC refund reward every day
I am organizing a special event to promote the new Gem1💎 inscription. The first person to acquire Gem1 during the day will receive a reward with up to 100 USDT worth of BTC refunded to the wallet.
Every day the winner will be 1 person from the binance web3 text market and 1 person from the Okx web3 marketplace. Every day between 01/04/2024 and 31/04/2024, the first transaction will be determined according to the transaction time on the specified exchanges, and up to 100 USDT will be sent to the Gem1 wallet btc address.
Note: For the event, purchase Gem1 from Gem1 Distribution wallets and leave the gem1 inscription number you received in the Comment.
Every day the winner will be 1 person from the binance web3 text market and 1 person from the Okx web3 marketplace. Every day between 01/04/2024 and 31/04/2024, the first transaction will be determined according to the transaction time on the specified exchanges, and up to 100 USDT will be sent to the Gem1 wallet btc address.
Note: For the event, purchase Gem1 from Gem1 Distribution wallets and leave the gem1 inscription number you received in the Comment.
Although the $DEGO team shares updates on X and shows they are doing something for the project, the tweet about #brc-20 has still not been realized. Investors expect a lot from the $DEGO team. I guess about 50% of the Dego supply is held in a wallet on Binance. This means there are around 10 million Dego in circulation. This price is disappointing for Dego. I hope it reaches its deserved price as soon as possible. Otherwise, a dump is likely.
#Binance #btc #Bitcoin #web3
#Binance #btc #Bitcoin #web3
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🆕 BRC20 token profile is available at #TokenPocket
📱Simply open your #Bitcoin2024 TokenPocket wallet, click on “ $ORDI and then select “Details” to access the token profile.
Effortlessly gather complete information about #brc-20 tokens in one place!
👉https://www.tokenpocket.pro/en/download/app
📱Simply open your #Bitcoin2024 TokenPocket wallet, click on “ $ORDI and then select “Details” to access the token profile.
Effortlessly gather complete information about #brc-20 tokens in one place!
👉https://www.tokenpocket.pro/en/download/app
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#CBRC20 Trading Market @OrdinalNovus Easy-to-use tutorial
💰Purchase article💰
1/ Open the market website and connect the wallet: https://ordinalnovus.com
2/ Select the list of tokens you want to buy, or enter the token name below to search for orders. You can choose to sort by price.
3/ Please select the order with a green check mark on the left. The order with a red exclamation mark is an order recognized by the platform as invalid. The one that says Buy Now in the status bar on the right is available for purchase, and the one that says In Mempool indicates that it has not yet been confirmed on the chain.
4/ Confirm the amount and quantity, and click on the order you want to purchase to enter the details page. Select the gas fee and click Buy.
1/ Open the market website and connect the wallet: https://ordinalnovus.com
2/ Select the list of tokens you want to buy, or enter the token name below to search for orders. You can choose to sort by price.
3/ Please select the order with a green check mark on the left. The order with a red exclamation mark is an order recognized by the platform as invalid. The one that says Buy Now in the status bar on the right is available for purchase, and the one that says In Mempool indicates that it has not yet been confirmed on the chain.
4/ Confirm the amount and quantity, and click on the order you want to purchase to enter the details page. Select the gas fee and click Buy.