With ORDI officially listed on Binance, BRC-20, Ordinals protocol and even the entire Bitcoin ecosystem have become the focus of the Crypto industry.
However, with the endless emergence of various new protocols and concepts, various new NFTs and tokens are also overwhelming. How to efficiently use various tools to select high-quality asset targets from massive amounts of information and efficiently perform expected operations has become a winning skill for users in this round of Bitcoin ecological feast.
In order to facilitate everyone to experience the Bitcoin ecosystem more smoothly, Odaily has specially compiled a collection of Bitcoin ecological tools. The details are as follows:
1. Ordinals Agreement
The word Ordinals means ordinal numbers, a Bitcoin numbering scheme proposed by Casey Rodarmor that makes it possible to track and transfer individual satoshis (sat, the smallest unit of Bitcoin).
Specifically, Ordinals are numbered according to the order in which each Bitcoin is mined and according to the first-in, first-out rule when transacting. Based on this number, users can store (i.e., engrave) the required data in the transaction output of the Bitcoin network, which makes the specific number Satoshi with specific data naturally become an NFT on Bitcoin.
As for BRC-20, it is a token standard proposed by Domo on March 9, 2023, aiming to realize the function of homogeneous tokens (such as ORDI, sats, etc.) based on the Ordinals protocol. The operating principle of BRC-20 is to write specific operations (such as depoly, mint, transfer) in the stored data according to a specific format, and a third party collects, organizes and calculates the operations specified in the data, and finally executes static Dynamic changes in data.
1. Ordinals official website: http://ordinals.com
2. Ordinals official wallet: https://github.com/ordinals/ord/releases
3. UniSat (the wallet + trading market with the largest number of users): http://unisat.io
4. OKX Web3 Wallet (the most convenient wallet for ordinary users):https://www.okx.com/web3
6.Ordinals trading robot ODOS:https://odos.network/feed
7. iDclub (BRC-20 printing platform):http://idclub.io/brc20
8. SATOSEA (the inscription is cast in real time on the tracking chain, and the handling fee can be refunded if it fails): https://satosea.xyz/en/inscribe
9. GeniiData (can capture hot inscriptions and real-time casting of NFT): http://geniidata.com/ordinals/home
10. Ordiscan (Ordinals asset block browser): http://ordiscan.com
12. Dune analysis dashboard: https://dune.com/dgtl_assets/bitcoin-ordinals-analysis
2. Taproot Assets
Taproot Assets is an asset protocol released by Lightning Labs in October this year. Taproot Assets allows users to create homogeneous and non-fungible assets (such as NFT) on the Bitcoin blockchain and then send them through the Lightning Network at extremely low cost and high efficiency, with minimal cost. Make fast, high-volume transactions.
Assets issued through the Taproot Assets protocol are stored in Bitcoin’s UTXOs (Unspent Transaction Outputs) and can be transferred as part of regular Bitcoin transactions. However, Taproot Assets assets do not use the Bitcoin network as the data availability layer, that is, they do not put the data of the issued assets on the chain, which is different from Ordinals (including BRC-20), Runes, PIPE, etc. Users need to store their own data by default, or add additional trust assumptions through off-chain data storage (called Universe).
1. Alby (wallet):http://getalby.com
2. Terminal (asset browser):http://terminal.lightning.engineering/assets/mainnet/
3. Nostr Assets official website and trading platform:https://mainnet.nostrassets.com/#/account
Note: Nostr Assets is an open source decentralized protocol designed to seamlessly integrate the Taproot Assets protocol and Bitcoin into the Nostr (decentralized social protocol developed by Twitter founder Jack Dorsey) ecosystem middle.
Nostr Assets hopes to achieve gas-free transfer of Taproot Assets assets through its web client or other decentralized social messaging applications on Nostr. Currently, Nostr Assets has created two test coins, TRICK and TREAT.
5. Comparison information between Taproot Assets, BRC 20 and ARC 20 (mentioned below):https://mirror.xyz/3p-labs.eth/XmPeAXxcjovPN727ydyuRWBh4VI_U5VmmVANkum3A yY
6. Lightning Network full node configuration tutorial: https://twitter.com/ohxiyu/status/1717955186478780678
The Atomics protocol can be understood as a competitor to the Ordinals protocol. The difference is that the Ordinals protocol itself focuses more on NFTs, while the Atomics protocol thinks about how to implement the fungible token (ARC-20) function from the bottom up.
The Atomics protocol uses Satoshi as the basic atom. The UTXO of each Satoshi is used to represent the homogeneous token (ARC-20) itself. When verifying an Atomics transaction, you only need to query the corresponding Satoshi on the Bitcoin network. UTXO is enough. In other words, the atomicity of ARC-20 tokens is consistent with the atomicity of Bitcoin itself. The transfer calculation of ARC-20 tokens is completely processed by the Bitcoin network, which will greatly reduce the dependence on third-party processing and improve the entire The degree of decentralization of the system.
In addition, ARC-20 also designed a mining-like casting method. Deployers can specify the collision prefix of commit tx and the collision prefix of reveal tx to achieve more decentralized distribution.
1. Atomicals Wallet： http://atomicalswallet.com
2. Wallet supporting website (can transfer NFT and Realm in batches): http://wizz.cash
4. Atomics Market (trading market, supports the casting of protocol assets and the browsing of the latest minted assets): http://atomicalmarket.com
5. Atomics Protocol White Paper: http://docs.atomicals.xyz
6. Dune data dashboard (counts the daily minting volume of Atomics and Ordinals protocols, and divides the minting statistics of different assets on Atomics): https://dune.com/0x matsu 0x/atomicals-vs-ordinals
If the Atomics protocol can be understood as a competitor of the Ordinals protocol, then Runes is a competitor of BRC-20.
Although BRC-20 is built based on the Ordinals protocol, Casey Rodarmor, the founder of the Ordinals protocol, does not like the solution and has even made bad words to it many times. To this end, Casey later released the Runes protocol, aiming to achieve better homogeneous token functions on the Bitcoin network.
PIPE is the first token after the release of the Runes protocol.
1. inscribe3 (the first tool station to support casting):http://pipe.inscrib3.land
2. Ppline (a market with simple functions): http://ppline.app
5. Ethscriptions (Ethereum inscriptions)
Developed by Tom Lehman, co-founder and former CEO of Genius.com, Ethscriptions is a new protocol for transactional calling data to create and share digital collections on Ethereum.
A successful transaction on the Ethereum network will create an Ethscription if the input data is a valid data URI. In this process, Ethscriptions takes advantage of a feature called Calldata, which is data stored in Ethereum smart contracts. It writes data in Ethereums Calldata, which is cheaper and more efficient than using smart contract storage. Decentralization.
When someone creates an Ethscription, they are considered the creator of the Ethscription. The person who receives the transaction is called the initial owner. Ethscriptions uses this mechanism to write data directly to the Ethereum blockchain, but it is limited to a data size of no more than 96 kilobytes, and only image data is currently supported.
1. Official website: http://ethscriptions.com/all
2. ETCH (currently the trading market with the largest trading volume, supporting token, domain name, and NFT transactions): http://etch.market/market
3. Ethsmarket (emerging trading market): http://ethsmarket.xyz/market
4. Ethscriptions wallet balance query tool:http://data.nftsniper.club/erc20Check
5. Inscription domain name query tool: http://ethscriber.xyz