About electron electron is an ARC-20 token that is issued on the Bitcoin chain using the Atomicals Protocol. This protocol offers a simple yet versatile framework for minting, transferring, and updating digital objects (often called non-fungible tokens or NFTs) within unspent transaction output (UTXO) blockchains like Bitcoin. An Atomical, or “atom”, provides a method for managing the creation, transfer and updating of digital objects, effectively establishing a chain of digital ownership governed by some basic rules. The Atomic specification is the simplest possible way to organize digital ownership on blockchains like Bitcoin. Its implementation is simple and guarantees maximum flexibility to manage both static and dynamic assets, artifacts and digital objects. The rules are designed to be so clear that using Atomicals as mining fees by mistake is virtually impossible. Additionally, it simplifies verification of ownership transfers to the intended recipient, eliminating the need for third-party verifications or running an indexer. Atomicals are self-evident stories of digital objects. Atomicals essentially provide self-evident histories of digital objects. Despite this, most developers and services will likely still opt for the convenience of running their own indexer to access additional benefits. Atomicals Protocol addresses the long-standing challenge of representing arbitrary fungible assets on the Bitcoin blockchain. The ARC-20 fungible token standard finally brings colored coins to Bitcoin and uses each satoshi to represent units of ownership of the implemented tokens. As a result, each token unit is perpetually backed by 1 satoshi, which serves as “digital gold content” that underpins the value of the token. This also implies that the value of each token can never fall below 1 satoshi, by definition. ARC-20 uses the native satoshi unit to represent each token, allowing them to be split and combined just like traditional Bitcoin. #Bitcoin $BTC #ElectronARC20
We are running an experimental donation fundraiser for AVM launch. ⚡️
We will be assigning the copyright notice of the Atomicals Virtual Machine #AVM core interpretor over to all the donators.
The code is open source MIT license and we have the opportunity to ascribe the names and messages by donators to the code as a symbolic appreciation.
As the days go on we will gradually reveal more about the #Atomicals Virtual Machine architecture and design which will culminate in a Public BETA launch within a few weeks.
We have not finalized the details of the donation fundraiser, but the ultimate purpose is to ensure there is a strong funding base for long term developments. We repeat that we are committed to delivering AVM and building our vision even if we receive absolutely nothing.
We will never launch a token for fundraising and not launch a security of any kind. The community has many projects and options and we wish to keep this fundraising as pure as possible while also thinking of what we can offer in return.
The Atomicals Virtual Machine and Smart Contracting on Bitcoin will set a trend in the entire ecosystem and we are preparing for the long battle ahead once everyone realizes our method is absolutely superior to all the other solutions out there. That's why we are seeking fundraising to prepare for the long multi year war ahead of us.
Donate below if you find our work valuable and if you wish for your name and/or a short message to be attached to the open source license of the #Atomicals AVM interpretor and be immortalized. We are open to creating a commemorative NFT drop and other ideas as well.
Stay tuned as we reveal the details of this system we have been working on and stay tuned for other ideas for how we can show appreciation to all contributors.
ARC-20 tokens are now live on #Binance Inscriptions Marketplace! You can now trade Atomicals (ARC-20 tokens) with zero fees on our multi-protocol via the marketplace. Get started #Web3Wallet
community wallet to support the project receive rewards #atomicals.land 0x3646070207E4087adF489C99cb9Bb40CE494341B Usdt (Ethereum)
Update: Atomicals #ARC20 Split Token Technique.
We share with you today our plan for an #ARC20 protocol update in the near future to allow the transfer of token quantities less than the 546 satoshi dust limit.
As many of you know the native BTC protocol restricts the minimum transfer size to 546 Satoshis to prevent so-called "spam attacks" on the Bitcoin blockchain. Since #ARC20 is a pure colored coin solution, the dust limit necessarily affects the token transfers as well and makes it not feasible to transfer quantities of tokens in amounts less than the 546 unit dust limit.
After careful consideration and feedback from the community, it seems the most elegant technical solution is to allow a partial coloring of UTXOs, not exceeding the total units in a UTXO. This respects the 1 token >= 1 Satoshi invariant.
The power of #ARC20 Satoshi backed coins is that each token is backed by at least 1 Satoshi, and that will never change. The ability to partially color UTXOs has 3 major advantages, we describe them here.
1. Ability to send minimum 1 token unit will be possible.
A single token unit can be inside of a UTXO of at least 546 and easily transferred around. This has been the primary concern of the community about the protocol and this will be addressed elegantly. Any token amount can be inside a UTXO as long as it is strictly less than or equal to the total Satoshis in the UTXO.
2. Accidental burning of tokens will be significantly minimized.
By enabling partial coloring, the excess tokens can overflow into the next available UTXO, capturing any potentially burned tokens and increasing reliability for recovering assets due to wallet or user errors.
3. Atomicals Virtual Machine (AVM) swaps and features.
Binance is pleased to announce that the Binance Inscription Marketplace now accepts ARC-20 tokens. ARC-20 is a fungible token standard based on the developing Atomicals Protocol on Bitcoin. Binance is a trusted global blockchain ecosystem with over 185 million users globally. In addition to the many functionalities that are currently accessible on the platform, users may now trade and transfer ARC-20 tokens on the Binance Inscription Marketplace.
With this most recent development, the Binance Inscription Marketplace joins the exclusive group of platforms that facilitate the most variety of inscription assets, such as BRC-20, EVM, and the recently added ARC-20 tokens.
Binance Product Marketing Lead Sherrine Tan stated:
“At Binance, our top priority has always been to provide our users with the tools and capabilities they need to harness the full potential of the cryptocurrency landscape. Our decision to support ARC-20 tokens trading is a direct response to our users’ interests. This move unlocks a realm of opportunities, giving users an easy, seamless and secure way to explore the Atomicals Protocol and the vast possibilities of the inscriptions ecosystem.”
The availability of a significant new feature that enables users to manually label Bitcoin Unspent Transaction Outputs (UTXOs) makes such broad asset support feasible. UTXO management is important because of the diversity of inscription protocols on the Bitcoin network. Users are free to choose which conflicting asset they would want to use. In short, this feature makes the user experience better by providing consumers with a wide range of assets to choose from and allowing them to utilize those assets without having to worry about the underlying technological details.
A user-friendly and easily accessible platform for the purchasing, selling, and minting of inscription tokens, the Binance Inscriptions Marketplace is housed inside the Binance Web3 Wallet, a self-custody crypto wallet accessible via the Binance app. #electron🪄⚛️🔮🔥💸 $BTC
Future Outlook With the projected significant reduction in supply due to burning, some speculate that Electron's price could reach notable levels by year-end. Nevertheless, we acknowledge the influence of unpredictable variables in the cryptocurrency world and advise caution.