Original author: Jaleel, Luccy, BlockBeats

According to Tradingview data, BRC 20 prices are on an upward trend, and ordi has increased by 38.87% this month. Currently, the transaction volume of $SATS is as high as 21, 388, 827, far ahead among the BRC 20 projects that broke the transaction volume record. As of October 28, the ranking of BRC 20 projects with the highest transaction volume is as follows:

Image source: @Brc 0 Hub_

According to Dune’s data on Bitcoin Inscription daily spending over the past 60 days, there is clearly a significant increase in Inscription spending this week.

At the same time, the trading volume of the previous Bitcoin Inscription Faucet began to increase. The trading volume of Bitcoin Frogs on Magic Eden has exceeded 500 BTC. In addition, the price has also shown an upward trend.

According to Magic Eden data, Bitcoin Punks, DogePunks, Taproot Wizard, etc. have all increased significantly: @Bitcoin_Punks_ is now quoted at 0.0235 BTC; @PepesPixel is now quoted at 0.028 BTC; @DeGodsNFT is now quoted at 0.27 BTC; @BitcoinFrogs is now quoted at 0.039 BTC; @ordinalmaxibiz is now quoted at 0.028 BTC. Quoted at 0.1722 BTC; @bitmapcommunity is currently quoted at 0.00025 BTC.

Not only that, Ethereum Inscriptions can also be regarded as a project of half of the Bitcoin ecosystem. Different from the Bitcoin ecosystem, Ethereum players only have ETHS to choose from if they want to speculate on Inscriptions. This Ethscriptions, which imitates BRC-20 Token, was suddenly banned half a month ago. The market value reached a peak on October 8, and then surged after a brief decline. As of the time of writing, the market value was as high as US$38 million.

In the process of the rise of Ethscription, KOL has played a role in fueling the flames. As long as you use #ETHS when posting, you only need some time to bloom silently and wait for the ETHS army to come, and you can get a lot of one-click Three in a row. In addition, another operating method of the Ethscription army is to compare ETHS with L2. This new narrative has been strongly spread within the community.

Related Reading:ETHS hits new highs, how sophisticated are the operating methods behind it?》

With the price increase brought by traffic, the voice of 1 ETHS= 1 ETH in the community has become louder and louder. Now, we are fortunate to see this feat completed. As the only son of Ethereum Inscription, the price of ETHS has been Raised to $1800.

New Bitcoin Protocol: Runes, Pipe, Atomcial, Nostr Assets

Ordinals founder Casey Rodarmor has always been opposed to BRC 20. After proposing the Runes protocol, Tracs founder benny upgraded it to another protocol called Pipe. In the opinion of the community, PIPE is the first token after the concept of Runes was proposed, and it is also the first token of the Pipe protocol. It has its dual identity meaning, and it is even compared to $ordi in BRC 20.

Atomcial is the “new favorite” of the Bitcoin ecosystem. Compared to Ordinals, Atomcial allows storing one or more files at mint time, defining and updating basic file types and application status of any complex file type, using Satoshis as a first-class unit of account ARC 20. Offers decentralized and direct casting modes. Built-in ticker name service.

The Atomics protocol solves the long-standing problem of how to represent arbitrary fungible token assets on the Bitcoin blockchain. The ARC-20 fungible token standard will finally introduce colored coins to Bitcoin and use each Satoshi to represent a unit of ownership of a deployed token

ARC-20 uses native Nakamoto units to represent each token, which can be split and combined just like regular Bitcoin. ARC-20 tokens can be minted by anyone and transferred to any Bitcoin address type and used with wallets that support UTXO selection, such as Sparrow Wallet (external link). There are two deployment modes: direct deployment and distributed deployment. Learn more about the different casting methods of ARC-20 and their benefits below.

Atommap is the first NFT generated by CPU mining on the Atomicals protocol, which has caused heated discussion in the Bitcoin community recently. However, when Atommap was first released, it was boycotted by the Atomicals official, which meant that they would release a more standardized version, and then changed their support. It can be seen that the official is willing to develop along this route.

Let’s talk about the recently popular Nostr Assets protocol. As the first memecoin on the Lightning Network, its fans have grown exponentially from October 22 to now, and are currently close to 10,000.

Nostr Assets is a BTC ecological protocol supported by Twitter founder Jack Dorsey with real money. It introduces Taproot assets and satoshis into the Nostr ecosystem. The settlement and security of assets still rely on the Lightning Network, and the Nostr Assets protocol itself does not issue assets, but only introduces assets to Nostr through the protocol.

Interestingly, as early as the beginning of the month, some netizens discovered that the relationship between Nostr Assets and Taproot is not simple. Lightning Network announced on Twitter on the 18th of this month that it would launch the TaprootAssets protocol and enter the RWA track, while Nostr Assets Protocol released its first tweet about Taproot development on October 13th. Some netizens speculated that the team and Lightning Network had already know.

Then Taproot became popular. In the airdrop event held by Nostr Assets, there were more than 8,000 valid addresses for receiving airdrops. It is difficult not to think that this is a large-scale marketing event that DEV has planned for a long time to promote Nostr. This project is backed by the famous Nostr network protocol. It is cost-free and only takes a few minutes to create an account. The current airdrop value of a single account is 300 U. There seem to be less than 10,000 airdrop addresses in the entire network, making it a big hit in the near future.

NostrAssets is designed as a dual-token model. TRICK and TREAT are each 210 million, with a total amount of 420 million. The total airdrop amount is about 80 million, accounting for 20%. It is an airdrop in the form of twins with two wings, and the remaining 80% is in the hands of the project party.

NostrAssets In order to attract users, there may be a larger Zealy airdrop activity in the future. After all, the positioning of Lightning Network and Nostra is still asset issuance and trading. Only with a considerable number of users can developers be attracted to settle in. Those who want to get in quickly must rush in. .

UniSat Wallet: brc 20-swap mainnet will be launched soon

In order to gain more testing time, UniSat Wallet has postponed the brc 20-swap mainnet to today. The mainnet is about to be launched, UniSat Wallet yesterdayPost a message to express, after research, it was decided to include 14 inscription assets into the first batch of support lists for the brc 20-swap mainnet launch. The 14 inscription assets are sats, ordi, trac, oshi, btcs, oxbt, texo, cncl, meme, honk, .bit, vmpx, pepe and mxrc. UniSat said that in the initial stage of the brc 20-swap mainnet launch, an on-demand transaction model will be implemented: only when new users deposit related assets into brc 20-swap, withdrawal requests can be used.

The first launchpad with royalties

All previous Bitcoin NFT trading markets did not support royalties, which was a great obstacle to the development of NFT projects. Many Bitcoin NFT projects are currently in the complete power generation with love stage, and everyone follows their own ideas. The Bitcoin spirit adheres to a fair, free and freely chosen startup method, which means that the successful launch of the project will not bring any income to the project party.

Now Ordinals has launched the first launchpad with royalties, which seems to have brought new development to this market.

OrdzaarThe platform released an update log. The most noteworthy in this update is the creator royalty feature, which is the OIP-06 standard. Currently, this feature is only available for new collections created after the 2.10.0 update. In the OIP-06 standard, when artists create collections, they will be able to set royalties, which are currently capped at 20%.

When a collection is successfully created, the royalty percentage set by the creator is displayed. When listing an inscription, the author is able to determine whether there are any royalties associated with it. If an inscription includes a royalty, it will be displayed in purchase mode and the royalty will be factored into the price calculation.

With this update, Ordzaar also enhances the usability of purchase mode, a header search bar, enhanced list sorting capabilities, and a host of UI/UX improvements, among others.

Bitcoin production continues to be halved, what should we do?

Since the beginning of this year, Ordinals protocol, Runes protocol, Pipe protocol and Atomcial protocol have emerged one after another. Protocols such as BitVM, Taproot asset, RGB and others have also gained the core reasons and narrative power of primary market capital and secondary market attention.

But a question has always been lingering in the hearts of miners’ industrial capital: the continuously halved Bitcoin output cannot cover the cost of maintaining the Satoshi consensus. What should we do? Craig White, who has always called himself Satoshi Nakamoto, has made some new discussions on this issue.

Craig WhiteThe concept of a full Turing machine was cited in the tweet and explained as an unlimited computing system whose hardware and computing power are not limited by traditional systems. In this system, the infinite nature of functions can be taken into account.

This means miners can create automated programs that can run not just for a year, but even for a hundred years or more. Systems such as the Bitcoin network have a continuously growing economic incentive for miners to compete forever. As incentives grow, so will storage, hardware, and computing power. The cost of users using the system can be partially recycled back into the system to keep it running, such as paying miner fees. Until such a system goes to sleep, it will continue to run. Additionally, such a system could even be designed to resume where it left off when funds are received in the future after a pause.

Bitcoin L2 Trilemma Again Arouses Hot Debate

There has been a lot of discussion about the Bitcoin L2 Trilemma before, and this topic has once again become a hot topic this week. The Bitcoin L2 trilemma refers to the fact that developers can only choose any two of the three ideal attributes: open network; no new token; full/global VM.

Bitcoin L2@Stacks Lianchuang@muneebTo illustrate this in the tweet, assume that Liquid chooses no new token and full/global VM and runs as a federation; Lightning chooses open network and no new token, and no global state or full VM; Stacks chooses open network and full/ global VM and owns a new token (STX).

The purpose of trying to turn this triangle into a square is to reuse an existing set of Bitcoin miners for mining L2, such as RSK and Transmission Chain. Incentives for miners are an open question among these approaches, as gas fees alone, especially in the early days, may not be enough of an incentive. The introduction of new opcodes in Bitcoin L1 can help square the triangle, and new opcodes like op-snark-verify can be used in Bitcoin L1 to verify L2 calculations. A soft or hard fork of Bitcoin L1 is very difficult, so new opcodes for L1 may not appear for a while.

In the coming months and years, we will need a thriving ecosystem of hundreds of Bitcoin L2s to grow the Bitcoin economy. This means developers need to make trade-offs within the Bitcoin L2 trilemma.@muneebThinking of having an open network where anyone can mine and enter and exit freely; providing developers with a complete execution environment for contracts signed with countries around the world, these are fundamental attributes. Most systems such as Ethereum and Solana have these properties and developers want to stake them on them.