As we all know, the world's first aggregated cross-chain inscription BTIA has exploded in popularity since its MINT started on July 19, 2024. The latest news is that the Inscription Alliance has reached a strategic cooperation with CertiK and has passed the security audit. The registration volume has also surpassed 520,000, with nearly 90,000 holding addresses, which is considered a miracle in the entire inscription track.
The institution that created this miracle is the Inscription Alliance, which has currently attracted the attention and favor of many leading mainstream exchanges in the cryptocurrency circle. Speaking of the Inscription Alliance, we must start from 2023. Since the first inscription 'ordi' was born, various protocols of inscriptions and runes have rapidly become popular, based on various public chains and various protocols, becoming a new track in the cryptocurrency circle. However, order trading greatly affects its liquidity and turnover rate.
To address this pain point, in June 2023, a young man named Taurean from the United States, who has been in the cryptocurrency circle for many years, led many crypto technology experts to establish the Inscription Alliance Research Laboratory. It is reported that the team members include former BCH technical members, Audi inscription members, BNB node members, and several elites from AVAX, involving multiple fields such as DEFI, NFT, SFT, and AIGC, focusing on researching and solving the pain points of inscription trading.
It is reported that its technical team completed the underlying system construction after four months of hard work and independently developed the DENIM protocol, which can be invoked by many public chains to inscribe inscriptions. This also pioneered the multi-chain protocol. At the same time, based on this protocol, various protocol tokens can be converted to DENIM-20 tokens with one click, enabling decentralized trading in the same environment. DENIM SWAP was born and is currently continuously optimizing and upgrading.
At the World Blockchain Consensus Conference in May this year, Taurean stated that this decentralized exchange no longer relies on a specific public chain for its construction. Through the Denim bridge, it gradually achieves full cross-chain interaction, allowing various public chains' high-quality SFTs to interact freely. At the event, this statement amazed many technical teams and generated more interest in the Inscription Alliance, leading to a willingness to form alliance partnerships, including Casey, the proposer of the ordinals protocol.
Currently, based on the DENIM protocol, the leading inscription and aggregated cross-chain inscription BTIA has opened MINT. Nearly 30 countries and regions, and nearly 150 communities have promoted it through DAO autonomy. The current registration volume is close to 530,000, with nearly 90,000 holding addresses, and various online communities are countless.
It is understood that the Inscription Alliance is also an ecological complex, mainly targeting multiple ecosystems such as DEPIN, RWA, AIGC, GAME FI, etc., intending to create a "cryptocurrency credit system" for participating users through various ecosystems, thereby forming an on-chain database.
Through the official Twitter, it was learned that as the Mint progress of BTIA reaches 60%, users can obtain SAT mining rewards by staking BTIA + idle bandwidth. SAT, as the exclusive GAS for the DENIM SWAP decentralized exchange and the native token of the public chain, is widely used and consumed. Currently, it can be verified through the international auditing agency CertiK that SAT has submitted for review, and the test network has passed the audit.
It is reported that CertiK's audit has just passed. Before the official contract of SAT is announced, the top three exchanges in global digital currency spot trading, OKEx and BYBIT, have extended an olive branch to the Inscription Alliance, actively inviting SAT to be prioritized for trading on their exchanges.
So, the question arises: why is this yet-to-be-launched new public chain SAT receiving such attention from leading exchanges? Is it due to the underlying traffic or unique technological innovations?
According to the official Inscription Alliance, the technical team is developing a decentralized and incentive-based infrastructure network protocol aimed at achieving efficient data transmission of resources on the blockchain and solving the cost issues of network traffic. As long as users have terminal devices, whether it's a mobile phone or a computer, they can participate in network contributions and obtain end-to-end network resources from the other side of the Earth. It is a permanent, distributed network. Nodes and terminals that contribute resources in the network will also receive corresponding incentives. Based on this incentive protocol, a new open-source, standard-compliant infinite network protocol, abbreviated as DDWP (Denim Depiner Wireless Network Protocol), is planned to be launched.
The application ecosystem of this protocol, Denim Depiner, has already launched on the Google Play Store and is currently in a trial operation phase. The SAT public chain, based on the DDWP protocol, will adopt the latest POS consensus mechanism and implement industry-innovative DDTP (online duration proof) at the protocol level, encouraging more nodes to contribute resources. At the same time, this protocol will filter out the highest quality nodes, enabling more efficient and superior nodes to participate in the construction of the web3 industry. The public chain based on DDWP adopts a unique account function concept, prioritizing existing public chain design logic, achieving greater security and speed.
In 2024, the cryptocurrency circle can be described as having "booming emotions". From Trump's passionate speeches to various countries gradually changing their attitudes towards BTC, and the successive appearances of various Web3 summits, we seem to see a new financial circle gradually getting on track. Finally, we also hope that the Inscription Alliance can quickly break through 1 million registrations, bringing a better experience to all users and participants and providing a safer and more efficient decentralized trading environment for the cryptocurrency market.
