The Bitcoin ecosystem has given birth to countless coin issuance methods back and forth, but in reality, there is currently no method that has truly achieved mainstream adoption, even the billion-dollar BRC20 appears extremely small under the entire Bitcoin.
It must be said that the Bitcoin ecosystem, whether in terms of token speculation or application perspective, is still in a very early stage. Limited by Bitcoin's slow pace and the long-standing characterization as digital gold, Rome was not built in a day, and the development of the entire Bitcoin ecosystem must inevitably go through numerous ups and downs before being widely accepted by Bitcoin users.
Today we can think: what standards can occupy the mainstream of the future market? This will lead to correct investment choices and construction directions.
'Colored Coins are sufficiently Native'
Returning to colored coins, I have always believed that the greatest advantage of this token form is still its 'native' or 'Native' nature.
The countless token forms we see on the market are all trying to create some extra rules in Bitcoin, some definitions that do not originally belong to Bitcoin. Whereas colored coins directly use Bitcoin as the essence of the token—regardless of whether others recognize it, it is first and foremost Bitcoin, and then colored coins.
A few days ago, the community initiated the 'Wandering Zhizi' plan, specifically to inject this token worth only 1 Satoshi, $sophon, into major exchanges. This allows more Bitcoin reserves in the exchanges to be converted into ARC20 colored Bitcoin. Most exchanges still only recognize it as BTC, so when other users withdraw coins from the exchange, they may randomly receive ARC-20 sophon tokens. The simplest case shows that ARC20 has always been the real Bitcoin, even exchanges treat it as Bitcoin, and there are no 'air coins' here.
No extra ledgers, no extra side chains, no extra rules are needed. BTC is the essence of colored coins, and the basic unit of ARC-20 is the Satoshi of Bitcoin.
In the most fundamental technical logic, colored coins simply 'utilize' Bitcoin itself. To choose a coin issuance method that is most suitable for public acceptance and most in line with Bitcoin's own characteristics, colored coins will certainly have a place.
'The Historical Orthodoxy of Colored Coins'
In the history of Bitcoin, when it comes to the topic of 'asset issuance', colored coins have always been the pioneering ancestor.
As early as 2012, Colored Coin was the first perfect idea for 'asset issuance' solutions in the Bitcoin circle. First is first, since then, there has been no other deeply rooted and widely circulated asset issuance solution in Bitcoin history for over a decade. Before 2023, whenever it came to issuing coins on Bitcoin, it seemed that colored coins were the only standard answer.
However, due to the rigid limitations of Bitcoin chain technology at that time, all technical attempts since the 2010s have ended in failure. The long-cherished desire of colored coins has since become a persistent topic in blockchain history.
When can colored coins be perfectly realized? When can this original vision come to fruition? Until 2023, with more technical proposals passing on the Bitcoin mainnet, more expansion space has been unlocked. The Bitcoin ecosystem ushered in its first explosive blooming, with explosive developments in inscriptions, runes, stamps, side chains, Layer 2, etc. During this time, a protocol called Atomicals quickly gained mainstream attention, being integrated by Unisat, OKX, and Binance one after another, and ARC-20 also began to become one of the mainstream standards in the Bitcoin ecosystem.
Today, everyone mistakenly thinks ARC-20 is a 'special inscription', not knowing that its true identity as 'colored coins' is the historic breakthrough.
To say it is innovative is not as good as saying it fulfills Bitcoin's original dream. Colored coins have always existed, and people have always known about them, but only now have they been perfectly realized.
During the hottest period of inscriptions, aside from BRC20, ARC-20 was the first protocol standard that was eagerly adopted by Unisat Wallet, OKX Wallet, and Binance Wallet. At that time, ARC-20 may not have been the one with the most funds or the most favored by the market, but its widespread first recognition indicates it must be the most sustainable, vital, and promising in the long term. Users may not all know the historic position and significance of Atomicals, but I believe the top Bitcoin wallet and the world's leading two exchanges must have a full understanding of it.
'Ecosystem and Community'
A complete ecosystem requires both technology and applications to be comprehensive. Colored coins have always only been the token aspect of Atomicals; other sectors like Bitwork (PoW), Realm, Dmint, AVM, etc., will eventually shine in their own right. The entire Atomicals has matured enough, and there is no reason to block its spread and development across the entire Bitcoin community.
Secondly, the community must be complete. When there is a community, there is a narrative. A protocol can develop smoothly for a year and a half, with the community continuously building, developers remaining committed, and numerous projects continuously operating. This phenomenon reflects the perfect fundamentals of the ecosystem. Since I started publishing the Atomicals weekly report, it has been almost exactly three months, and just the progress over these ten weeks, with one sentence written per week, has already added up to ten thousand words. Such an ecosystem is vibrant, and this 'vitality' allows the protocol to develop sustainably, makes the narrative continuous, and keeps the ARC-20 market robust.
Any claims that Atomicals lacks visibility, users, community, projects, or developers are baseless. You can see for yourself how this protocol performs, whether this ecosystem has prospects, and whether this community is reliable.
The most original, most orthodox, large ecosystem, and strong community—can such a protocol secure a place in the future Bitcoin ecosystem worth trillions? Regardless of the application range at the protocol level or the trend of adopting colored coin forms, my community and I firmly believe in it, and we indeed have no reason not to rise.
The ecosystem's steady and methodical progress is bound to lay the groundwork for countless future phase explosions. Slow is fast; gold will always shine.
#Atomicals #arc20 #Atomarc #quark #Electron $QUARK #Coloredcoin