Bitcoin ecosystem is gradually recovering, and a new round of "protocol war" is about to begin

The stars do not ask the people who are rushing, time pays off. The Bitcoin ecosystem has been silent for nearly a year. Just as everyone is delivering takeout and singing, the Bitcoin ecosystem is changing abnormally. #Alkanes@oylwallet@judoflexchop @taggaOyl is like a magic weapon from the sky, attracting many eyes to the Bitcoin ecosystem. The leader of 10 times a day: #METHANE is exciting and seems to be back to the time when many protocols of the Bitcoin ecosystem are blooming in 2023.

This time, Alkanes fired the first shot of a new round of Bitcoin's "protocol war". The Bitcoin ecosystem officially entered the 2.0 era from 1.0, and the agreement also entered the DeFi era from Token issuance. The three major narratives of the Bitcoin 2.0 ecosystem: OP_CAT, BRC2.0, and Runes2.0 are eager to try, and they have all entered the infrastructure period. The exciting drama of the Bitcoin ecosystem has kicked off.

Below are some of the new Bitcoin 2.0 protocols that I have compiled and the old Bitcoin 1.0 protocols that are ready to go.

Bitcoin 2.0 is about to break out

BRC2.0

The official upgrade version of BRC-20, led by Best in Slot@bestinslotxyz and supported by domo@domodata, has introduced EVM, making all #BRC20 Tokens programmable. This major upgrade is regarded as a life-saving straw by inscription players.

Finally, we can participate in the inscription DeFi, and we have returned to the inscriptions one after another to set the banner for BRC2.0. Now that BRC2.0 has been launched on Signet, everyone is eager to test the application and log in to the main network as soon as possible.

OP_CAT

CAT20

sCrypt@scryptplatform was released on Fractal Bitcoin@fractal_bitcoin for experiments. It attracted many players in the Bitcoin ecosystem since its launch. #CAT20 @ProtocolCAT is also the first protocol based on #OP_CAT. Now the experiment has been successful and has logged into Signet and entered the Bitcoin main network. The protocol token $OPCAT performed well and looked forward to the follow-up.

CATNIP

Quantum Cats@QuantumCatsXYZ& Taproot Wizards@TaprootWizards founder Udi @udiWertheimer, Bitcoin native token protocol based on OP_CAT, aims to solve the poor user experience and liquidity problems of existing token protocols (such as BRC-20 and Runes). They are all solving liquidity problems, which shows the importance of liquidity.

The launch time of CATNIP is unknown, but it is worth looking forward to.

Goldinals

Nubit (Thunder Network) @nubit_org released, known as the Qin Shihuang Agreement, with the goal of unifying inscriptions, runes, alkanes and other protocols, so that all Bitcoin assets can be unified in a single, no centralized indexer is required and run completely on the chain. At present, in the internal testing stage, invitation codes are generally not available. Friends who have experienced it can express their experiences.

Runes2.0

Alkanes

The popular movie "Smart" introduced smart contracts into BitcoinL1. The first Free Mint token #METHANE has doubled several times in just a few days. The community has gone from nothing to much, verified that the Bitcoin ecosystem is not uninvited, but is just going through a stage of transformation.

Alkanes is the first protocol to launch the main network among the new generation protocols. It is not difficult to see from the performance that the Bitcoin ecosystem will see a new round of agreements.

RSM

RSM (Runes State Machine) @RSM_Runes is a programmable Runes solution released by Mikael@MikaelBTC. It can also solve the Bitcoin ecological liquidity problem. It was released last year and is now preparing to log in to Signet. Signet is really lively. It has jointly promoted the progress of Runes DeFi and is also expected by many people to go online as soon as possible.

Bitcoin1.0 old-fashioned agreement

BRC-20

The Token issuance Agreement, also the originator of the agreement, was released by domo@domodata, which instantly ignited the Bitcoin ecosystem and provided a paradigm for the subsequent explosion of the agreement. Although the popularity declined later and the funds fled, it has been forgotten by people. Now, the strong return of BRC2.0 after the upgrade of BRC-20 has once again ignited the enthusiasm of players, and the whole expectation has been stopped.

Faucet: $ORDI

Maximum market value: US$2 billion

Runes

Casey@rodarmor, founder of Ordinals, released an alternative to BRC-20 , using Bitcoin's UTXO model and OP_RETURN opcode to design a more efficient and concise token issuance mechanism with the goal of improving performance and reducing the burden on the network. At the beginning of the online launch, the Gas on the chain soared to nearly 3,000, and all Chinese and Western players were crazy about it. As rune players, I hope to see the scene of Chinese and Western auspicious again.

Faucet: $DOG

Maximum market value: US$1 billion

BRC-420

#BRC420 @BitmapTech is an open source protocol based on BitcoinOrdinals that supports meta-universe and digital asset innovation through recursive inscription technology. Combined with Merlin Chain’s Layer 2 solution, it improves asset liquidity and cross-chain applications, bringing an efficient meta-universe experience to the Bitcoin ecosystem. It is one of the rare concepts of Bitcoin meta-universe and is popular.

Faucet: Blue Box

Maximum market value: US$400 million

Atomicals

Atomicals@atomicalsxyz was sought after by many people because of its superb technology at the beginning. It also makes people believe that its value will last forever. The "AVM" released by Arthur made the community climax. However, this was just a short carnival. After "AVM", Arthur's whereabouts were unknown, and the popularity of Atomicals decreased accordingly. To this day, Atomicals has been "CTO". I am also looking forward to the subsequent performance of Atomicals.

Leader: #ATOMARC

Maximum market value: 300 million US dollars

PIPE

The PIPE@PipeBtc protocol is based on Bitcoin's native Token protocol, which integrates the advantages of RUNES and BRC-20 to solve the problems of fair casting and centralization. Supports deployment, casting, and transfer functions, compatible with Bitcoin UTXO models, ensuring decentralization and security. Many players have been crazy about it, and Fomo's emotions are still vivid in their minds. I hope for beautiful things, Fomo's emotions are revealed again.

Faucet: $PIPE

Maximum market value: 100 million US dollars

Tap Protocol

Tap @tap_protocol is also an innovative Layer 1 protocol on Bitcoin released by Trac Network@trac_btc. It expands Bitcoin's application scenarios by introducing features such as smart contract-like functions (Promises), multiple sending capabilities, decentralized finance (DeFi/OrdFi), and native token exchange without cross-chain bridges. It became very popular once it was released, and it is still sticking to Bitcoin, waiting for the opportunity to explode again.

Faucet: $TAP

Maximum market value: 30 million + US dollars

The Yangtze River is pushing the old wave forward, and a new round of "protocol war" is about to begin. Overall, the difference between the new agreement and the old agreement is that they are both programmable. Compared with the old agreement, the new agreement technology is more advanced, and without exception, they solve the problem of Bitcoin's ecological liquidity.

The development route of Alkanes may be: #Gateio@Gate_iolist #METHANE, OKX @OKXWallet_CN&Unisat @unisat_wallet The trading market supports the Alkanes protocol, OKX @okxchineselist #METHANE, Binance@binancelist #METHANE.

Make Bitcoin Magic Again! ! !