On the third day of the Lunar New Year, all things are born from three things

All good things will follow

Enter the world of #铭文 and #IERC20 !

Let’s start with the basics and delve into the inscription:

1. The journey of inscription begins with Bitcoin’s ordinal number, which can directly inscribe various data—text, images, and videos—on the blockchain. BTC can only integrate support for NFTs and other tokens this way because it lacks compatibility with smart contracts.
2. Ethereum and other EVM-based links have accepted this concept and transitioned from SAT to call data in transactions.
3. Calldata is optional data in transactions, usually used to pass inputs to smart contracts and process summary data. It's read-only, cost-effective, and a key element of Inscriptions.
4. In the field of EVM, BRC-20 tokens have become the main content of Inscriptions. These tokens store data in calldata (JSON format) rather than residing in smart contracts.
5. A distinctive feature of IERC-20 inscription is its off-chain logic. Unlike traditional ERC20 tokens with on-chain rules enforcement, IERC-20 inscriptions delegate off-chain logic, relying on indexers for interpretation.
6. The off-chain indexer plays a key role in verifying the existence of tokens, preventing over-minting, and handling various inscription operations. The minting process involves a "mint" operation in calldata, while a transfer uses a "transfer" operation, usually accompanied by an emitted event.
7. Transparency takes center stage. All IERC-20 transactions are stored on-chain, promoting openness and accessibility. Furthermore, cost-effectiveness reigns supreme – operations involve cheaper calls to data rather than on-chain smart contract execution.
8. The fatal weakness of Inscriptions is its heavy reliance on off-chain indexers. While anyone can theoretically recreate the token state, it depends on the indexer adhering to the protocol rules.
9. IERC-20 is still the initiator of indexer development, but it is preparing to introduce a decentralized indexing solution: PoW + decentralized indexing method. This approach enables users to mine using PoW while participating in a decentralized index.
10. It is a powerful decentralized indexing solution that ensures data and code unification among multiple indexing parties. Additionally, the larger and more dispersed participation of PoW mining participants enhances decentralization.

ierc20.com

💯Why recognize IERC POW❓

Decentralization is a fundamental concept in the cryptocurrency and blockchain space.#IERCPoWaims to further emphasize and ensure the decentralized nature of the asset.
The future development of Inscription relies on a powerful digital object format that can handle a variety of use cases while reducing software implementation errors.

1. Core Decentralization: Decentralization is critical to cybersecurity, trust, and empowerment for blockchain applications and cryptocurrencies. Through the PoW model, IERCPoW achieves additional decentralization on the output of inscribed assets, including technical implementation and asset distribution.
2. Ensure the rarity and value of assets: IERCPoW establishes a computing power output threshold to prevent overproduction and malicious attacks of inscribed assets by using PoW methods. This increases the rarity and value of inscribed assets, distinguishing them from assets produced in traditional centralized systems that are susceptible to central authority.
3. Fair distribution and ideal ecosystem: The#PoWmodel allows any participant to potentially acquire inscribed assets based on their contributed computing power. This ensures fair distribution of assets while encouraging more participants to join, helping to form a long-term stable and ideal ecosystem.
4. Role as an infrastructure provider: IERCPoW is a platform and toolset that allows participants to mine and produce assets according to their own needs without having to make decisions about specific asset targets. This ensures neutrality and fairness, as IERC PoW is not affected by changes in the value of any specific asset.
$ethi #IERC #IERC20 $ETH #POW

The currency circle is a compensation for personality and cognition.
rather than a reward for hard work.
Unless you can change yourself,
People you associate with or books you read,
Break your original understanding,
Otherwise, it will be exactly the same years from now as it is now.
Choice is greater than effort,
When opportunities come, we must dare to take heavy positions and hold them firmly.
There must be good guiding ideology and a good circle,
Good logic is indispensable.
Eventually money will flow from the person who is impatient to the person who is calm.

#铭文 $BTC $ETH $ethi #币圈

#IERC20 Agreement What exactly is it?

iERC20 is a new Ethereum-based token protocol that provides a low-cost token ecosystem that allows anyone to deploy, mint, and trade tokens on it. $Ethi, as the first token in the iERC20 ecosystem, has received official support. This protocol not only provides Ethereum users with more choices, but also promotes the development of the inscription ecology on the Ethereum chain.

In the latest cryptocurrency development, the iERC20 protocol and the Binance-incubated GameFi project Sparkle announced a collaboration to introduce Inscription NFT and other inscription assets on iERC20, aiming to use the advantages of inscription to enhance the gameplay of the GameFi ecosystem. This collaboration has attracted widespread attention in the Ethereum community, especially shifting the focus from ETHS to the iERC20 protocol.

The uniqueness of the iERC20 protocol is that it not only develops the Swap function, but also integrates the EVM cross-chain function, building a bridge between Ethereum Inscription and traditional Layer2. This feature allows the protocol to introduce more mainstream coins and stable coins, thereby expanding the TVL of the Inscription ecosystem and providing more development possibilities for the entire system.

In addition, the iERC20 protocol also plans to introduce a fair mining model of PoW and cooperate with other projects to launch new inscriptions, similar to the mining method of the Atom protocol. This strategy is expected to bring new impetus to the development of the Ethereum ecosystem.
$Ethi’s divisible technology makes it more attractive to retail investors. Although the current market capitalization is very low, its development potential cannot be ignored. There's still a lot of room.

In the iERC20 ecosystem, $Ethi is regarded as an important tool, similar to a shovel, providing special empowerment to its holders. For example, users holding $Ethi may receive inscription airdrops from collaborative projects, such as the recent collaboration with Sparkle. In addition, the FOMO sentiment in the community is spreading. Many investors are optimistic about the future development potential of $ethi, believing that it is the leading token officially recognized by iERC20 and will increase in value with the launch of the PoW mechanism and the continued development of the Inscription ecosystem.