Bitcoin

This year has witnessed an explosive growth in the Bitcoin ecosystem. First came Ordinals, followed swiftly by the BRC-20 tokens that took the crypto industry by storm. In just two months, the market capitalization of BRC-20 reached a staggering 1 billion USD. BRC-20 allows for the minting and transfer of fungible tokens on the Bitcoin platform via the Ordinals protocol. However, Rodarmor believes that the problem with BRC-20 tokens lies in their use of "spam" Unused Transaction Outputs (UTXO) to flood Bitcoin. In an article on September 26th, he highlighted that BRC-20 tokens result in "adverse UTXO proliferation" and proposed Runes as a UTXO-based alternative. So, what improvements does this new protocol offer compared to BRC-20? Why did Ordinals founder Casey Rodarmor propose this new protocol? Will the introduction of this new protocol pose a threat to BRC-20? In this article, we'll provide a comprehensive breakdown of the "Runes" protocol.

This article introduces Ordinals token standards beyond BRC-20 and analyzes them from the perspective of BRC.

The article begins with the fundamental principles and technical details of Ordinals technology, analyzing its developmental trajectory and examining the importance and roles played by Segwit and Taproot upgrades. It then delves into the concept of recursive inscriptions, explaining their innovative uses through real-world cases.

Explore the layered architecture of blockchain technology in this detailed introduction. Understand the roles and functionalities of Layer Zero in detail.

Learn the difference between Bitcoin Spot ETFs and Bitcoin Futures ETFs that allow buyers to invest in Bitcoin without signing up for an exchange or dealing with crypto wallets.

SocialFi is the integration of DeFi and social networking, leveraging blockchain technology to establish decentralized social networks, offering financial rewards to users based on their interactions and contributions.

Recently, the applications for BTC ETFs have attracted attention in the market, as institutional investors' interest in cryptocurrencies continues to grow, leading to more BTC ETF applications. In particular, BlackRock's application on June 15, 2023, has sparked optimism among market participants regarding institutional investors' involvement in the cryptocurrency market.

Cryptocurrency payment, as one of the native applications of blockchain technology, harbors great potential. This article begins with the shortcomings of traditional payment methods, introduces the development path of cryptocurrency payment, and then discusses the main providers of cryptocurrency payment as well as the challenges it faces.

This overview delves into the concepts of inscriptions and ordinals. Before exploring these concepts, a stroll through the history of storing arbitrary data on Bitcoin is taken to understand why these ideas are not entirely new.

This article explores that the Bitcoin inscription has once again come out of the circle of community debates. Behind it, there is a desire for a diverse Bitcoin ecosystem.

This article reviews popular events in the market and analyzes the development of Bitcoin and the interests of various developers.

Eclipse attacks pose a significant threat to blockchain networks by severing a specific node's connection to the entire network, effectively cutting off its access to both incoming and outgoing connections.

Discover the intricacies of Decentralized File Storage (DFS) and its pivotal role in decentralized digital ecosystems. Find out how DFS enhances data accessibility, reliability, and security.

In May 2024, the Bitcoin (BTC) halving will be one of the hottest events in the market. As the halving approaches, more funds will focus on Bitcoin, drawing investor attention to the Bitcoin-derived ecosystem. Layer 2, with its compelling narrative, is likely to become a preferred target for alpha-seeking capital. This article provides an overview of the current BTC Layer 2 concept race and introduces representative projects, including Stacks, RSK, and the Lightning Network.

Tokenized bitcoins are tokens that mirror the value of Bitcoin, allowing seamless transactions on different blockchains, notably Ethereum, opening doors to a more interconnected financial landscape.