1. Fair Distribution
Since BRC20, the core reason why inscriptions have attracted many players to enter the market is fair distribution. Due to the high handling fees and slow transaction confirmation of the BTC chain, ordinary players have enough time and opportunities to get the inscriptions they want, and the whole environment is fairer than before. However, in EVM chains, gas is low, confirmation is fast, and scripts are mature. In fact, most EVM chain inscription protocols do not achieve fair distribution very well, and some are even very concentrated. If restrictions cannot be imposed, this situation is more like a traditional project in the guise of inscriptions, losing the core essence of inscriptions.
Fair distribution of ierc20:
1. During deployment, you can set a single address mint limit to prevent a large number of mints from being performed on a single address.
2. Only the first one in each block is valid, to prevent batch minting using contracts.
3. A model of weight distribution of holding computing power and POW computing power will be introduced to solve the problem of scientists scrambling for chips in large numbers under the POW mode.
By combining the above methods, ierc20 can achieve the most flexible and fair distribution among all current EVM protocols.
2. Ecological Support
Each inscription protocol is a new ecological platform, on which you can issue coins, NFT, and other extended gameplay, etc. However, in order to support a large enough ecosystem and imagination, it is very important to optimize the cost, flexibility, and efficiency to provide underlying ecological support.
Cost: Take BRC20 as an example. When BRC20 was hot in May, some ecological projects also appeared. However, there were tens of thousands of transfers in an IDO, and the cost of the distribution alone was tens of thousands of U. In addition, the time cost was several days. This made it very difficult for ordinary ecological projects to develop protocols. The modularization proposed by Unisat, including the subsequent promotion of other new protocols, is related to cost and efficiency. However, the gas of other chains is not high. The cost is more important for the BTC chain and the ETH chain, and has little impact on other chains.
Flexibility: "Flexibility" mainly refers to "split transfer". Since the initial mint of the inscription is more like an NFT, when the number of transfers is not exactly one, it is necessary to design a "split transfer". Different protocols have different split transfer methods, and the complexity and precision of the split transfer determine the flexibility of the protocol token. BRC20 requires two steps of engraving + transfer; Eths was not able to split the transfer before. After several months of development, it was recently upgraded to split by mapping the main network token, which requires two steps of mapping + transfer; the recently popular atomics protocol is directly bound to sats and is naturally split, but the minimum unit can only be limited to 546. In terms of complexity, BRC20, Eths and other protocols require at least 2 steps after engraving, which is more complicated, but there is no problem with precision. Atomicals is naturally split, but the precision is not enough.
Efficiency: I personally think that the aspect that has the greatest impact on cost and efficiency is batch transfer. Supporting batch transfer can greatly improve the efficiency of large-scale transfer scenarios such as airdrops, ido distribution, dapp and exchange recharge and withdrawal, and at the same time can greatly reduce the cost of ecological interaction. The split method is actually the basis of batch transfer. On this basis, the brc20 protocol level does not design a batch transfer method. The roundabout way is to engrave multiple transfer inscriptions, and then package and send transactions, which can reduce handling fees and improve efficiency to a certain extent. Eths transfers after mapping actually have nothing to do with inscriptions, and are closer to erc20 token transfers. Atomicals is one of the few protocols that supports batch transfers.
Cost, flexibility, efficiency of ierc20:
1. The transfer cost of ierc20 is similar to that of eths, and only one transfer gas fee is required to transfer. This can effectively save costs.
2.ierc20 is designed to support split transfers, with a default precision of 8 digits. Its flexibility is not much different from that of ordinary tokens, and it is sufficient to support most ecological scenarios.
3.ierc20 is designed to support batch transfers of multiple addresses, which is very efficient. Recently, the snapshot batch airdrops of platform cooperation projects can be completed in just a few minutes.
3. Ecological diversity
Ecological diversity determines the upper limit of a platform. It is precisely because of the emergence of various new technical foundations such as DeFi technology, swap technology, and ERC721 standards that multiple ecosystems such as DeFi-based projects, decentralized exchanges, and NFTs have emerged, creating the prosperity of the last round of bull market. In addition to inscription transactions, BRC20 currently has a modular solution of Unisat, and some other projects are doing ecological expansion, such as some second-layer solutions, to pave the way for more possibilities in the future. Atomicals innovatively uses the POW method to mine inscriptions, including domains (similar to domain names) and NFTs are minted based on POW, which provides new possibilities for the gameplay of inscriptions. Most of the other inscription ecosystems are still very homogeneous, similar to the deployment of BRC20, and the basic gameplay of mint. Some new protocols are even in the early stages of indexing and exchange construction, and the ecological diversity is generally poor.
Ecological diversity of ierc20:
1. Coin airdrop: Thanks to the strong ecological support capabilities of ierc20, the ethi coin airdrop is a more distinctive gameplay compared to other inscription protocols. While other protocols are still solving basic problems, ierc20 has carried out multiple airdrops of high-quality projects, giving ethi holders good feedback.
2. Pow mining: ierc20 has recently launched Pow mining, which currently supports two modes of play: ordinary inscriptions and Pow inscriptions, bringing more possibilities for subsequent development.
3. A mode of balancing holding power and POW power will be launched soon, which will be fairer and further expand new gameplay.
4. Decentralization
For the long-term development of the ecosystem, the most important point is security. The underlying data security of all inscription protocols is based on indexes. If the index is too centralized, the security of the protocol will completely rely on the central indexer, and the underlying data security cannot be well guaranteed. Therefore, a decentralized indexing solution is very necessary from the perspective of long-term development. BRC20 currently uses a multi-index cross-validation method to achieve relative decentralization, but there are still some problems: 1. Each party develops its own logic, and faces a large amount of data verification work during the development stage, and due to subtle logical differences, data inconsistency may occur. 2. Due to the changes in the ordinarys version, if there are relatively large upgrades in the future, how will BRC20 coexist with ordinarys in the later stage? The atomicals protocol is based on the utx0 design, which itself has achieved relative decentralization. Everyone can build a local client by themselves. This indexing method should be the most in line with the decentralized idea at present. Most other protocol indexes are basically in a very centralized state.
Benefits of ierc20's decentralized index:
ierc20 is still the protocol party responsible for index development, but the protocol is about to launch a decentralized indexing solution: pow + decentralized indexing. In this way, players can use pow for mining while running decentralized indexing. This is also a very good decentralized indexing solution, which can achieve consistency in data and code among multiple index parties. At the same time, the number of players mining pow is more dispersed, which can better achieve decentralization.
Based on the above analysis:
ierc20 has designed more mechanisms to ensure fairer distribution; it has leading flexibility and efficiency while saving a lot of gas fees
Introduced ecological projects and designed more mint methods to achieve a richer ecology
A more decentralized indexing method is designed to ensure long-term security.
Personally, I think that at present, it may be a more ideal development plan for the inscription ecosystem. The planning path of ierc20 provides a good reference for the future development of the inscription protocol, and also provides greater possibilities for the entire ecosystem, broadening the boundaries of the entire inscription ecosystem.
