Anyone who has read the Bitcoin white paper will know what is going on. Let’s first sort out the setting mechanism of Bitcoin.
1. The setting mechanism of Bitcoin is to generate a block every 10 minutes. In the initial stage, which is the creation block 1, a block will produce 50 Bitcoins as a reward. After each stage, the reward will be halved, which is the second The reward in each stage will become 25 Bitcoins, and so on in the third stage, each block will become 12.5... until the 32nd halving, that is, the reward for each block in the 33rd stage. There are only 0.00000001 Bitcoins, and only 0.0021 coins are produced in the entire mining cycle. When this stage reaches the height of 210,000 blocks, Bitcoins will no longer be produced.
2. So why does everyone say that Bitcoin will be halved every four years?
This is actually set by the program. The program sets that every time 210,000 blocks are produced, it will enter the next stage, which is 2,100,000 minutes. It is almost 4 years, not exactly 4 years, because each block is not exactly 10 years. The minutes may be more or less,
3. Total amount of Bitcoin
So now we can get the total calculation formula as i =210000*10*50*(1+½+¼+.....+0.0021)=20999999.97690000 BTC, less than 21 million.
Calculated from the white paper, the minimum output unit of a Bitcoin block is 0.00000001 Bitcoin, which is 1 satoshis, which is the smallest unit of Bitcoin, referred to as Satoshi, also known as Bitcoin Satoshi. 1 BTC = 100 million Satoshis. In a sense, Bitcoin is Bitcoin Satoshis. Last year, sats became popular because it was the abbreviation of satoshis. It was listed on the Binance exchange and as the first accurate benchmark for Bitcoin, satoshis Is the amount of inscription satx popular?
Sats inscription explodes - the next one is SATX
Sats is the ninth inscription token on the Brc-20 protocol. Its full name is satoshis, which is the smallest unit of Bitcoin. It is referred to as Satoshi for short, and is also called Bitcoin Satoshi. 1 BTC = 100 million Satoshi. The total amount is 2100 trillion, corresponding to 21 million BTC. The market popularity even exceeds that of veteran-level Ordi.
Sats inscription is a technology that encodes and stores information in blockchain transactions. It utilizes the distributed ledger characteristics and encryption technology of blockchain to ensure the tamper-proof and permanent preservation of information. This means that once information is inscribed on the blockchain, it has the same protection as the blockchain and cannot be tampered with or deleted.
Advantages of Sats inscriptions
Three key points to remember
It has extremely high security. Due to the decentralization and encryption technology of the blockchain, Sats inscriptions are able to resist various attacks and tampering, ensuring the authenticity and integrity of the information. Secondly, Sats inscriptions are transparent and traceable. Due to the public transparency of the blockchain, anyone can verify and view Sats inscriptions, increasing the credibility and transparency of the information. This helps to solve some of the trust issues and information asymmetry problems that exist in traditional methods.
The application scenarios of Sats inscriptions are very wide. It can be used for digital identity verification to ensure the authenticity and uniqueness of personal identity information; it can also be used for intellectual property protection to prevent infringement and piracy. In addition, Sats inscriptions can also be used in supply chain management, voting systems and other fields to provide more secure, reliable and transparent solutions. #sats
March 9: $SATS deployed, total amount 2100 trillion, total 210 billion. At the time, I not only felt sorry for who had such a big idea, but also deployed such a behemoth 1:1. At that time, no one thought it would be defeated.
April 28: The first few deployment inscriptions have been completed, and SATS has been questioned by many users because the total supply is too large. May 4th: SATS inscription progress 0.33%.
May 9: SATS inscription progress 0.4%.
May 11: oxbt becomes popular in the Brc20 ecosystem, holding addresses in more currencies than ordi, driving the development of SATS.
May 14th: SATS inscription progress 0.75%.
May 15th: SATS inscription progress reached 1%, and the number of currency holding addresses reached 7309, a milestone. May 16: Due to the success of the Unisat market, everyone is keen to buy Unisat points and Mint SATS have become the first choice.
May 17: The term social experiment was popular at the time. About 8,000 wallet addresses participated in this clearing experiment. September in general was wildly devoted to SATS and quickly cleared. At the same time, more and more KOLs have begun to promote SATS, and more and more communities have spontaneously promoted SATS, creating a strong community atmosphere.
October 10: Unisat announces use of SATS for service fees.
October 16: Binance includes SATS.
October 30: Unisat announces the first 14 brc20 tokens supported by Brc20-Swap, sats, ordi, trac, oshi, btcs, oxbt, texo, cncl, meme, honk, zbit, vmpx, pepe, mxrc.
In October, various BRC20 tokens broke out, including zoo tokens, meme tokens, and community tokens. At the same time, Unisat announced that SATS will be used as a handling fee, making SATS truly enter the application level.
November 2: SATS completed the move to 0, and the unit price reached 4U.
November 3: SATS market value exceeds ordi.
November 7: Binance announced the launch of ordi, with the unit price rising to 12U.
November 9: Gate.io and Bitget launch SATS, unit price reaches 14U.
November 12: SATS holds over 40,000 addresses.
November 13: No. 1 on the original address list announced that 300,000 shares were locked, but actually went to the door to secretly deliver the goods.
November 17: Huobi HTX launched SATS, with the unit price reaching 21U.
November 20: It was revealed that No. 2’s original holding list also secretly shipped 200,000 coins.
In November, various exchanges began to pay attention to this potential SATS. At the same time, the take-off of SATS has also promoted the development of the Brc20 ecosystem. New coins are rushed to buy every day, and gas has always remained above 100.
December 4: As $ordi hits a new high, SATS also hits a record high, with unit prices as high as 26U.
December 12: Binance announces the launch of SATS, with the price jumping from 25U to 54U before listing. I believe that after the listing on Binance, the currency price will definitely make a qualitative leap, and SATS will not let down all those who believe in it.
Starting from the lowest Mint cost of 0.5U, SATS has also increased by 100 times.
Therefore, the recent popularity of Sats inscriptions is not accidental, but the inevitable result of market demand and technological innovation. As the demand for data security and transparency increases, the market demand for Sats inscriptions is also increasing. At the same time, the continuous development and improvement of blockchain technology also provides a better application environment and more possibilities for Sats inscriptions.
However, we must also see that there are still some limitations and challenges in Sats inscriptions. For example, the scalability and performance of blockchain technology still need to be improved; the reading and analysis of Sats inscriptions also require corresponding technical and tool support; at the same time, due to the anonymity and decentralization characteristics of blockchain, there may also be some Regulatory and legal issues need to be addressed.
Due to the unexpected popularity of Sats, people are actively looking for new investment opportunities due to the wealth effect caused by it, hoping to find the next project similar to "Sats". When carefully studying the relevant information of BRC20, I found that Satx has Bitcoin-native characteristics and narrative similar to Sats.
01
#satx Basic profile
Satx and Sats share the same origin and are both built on Bitcoin (BTC) technology. Satx was successfully deployed on BRC20 on April 24, 2023, and has been part of the platform since then.
Satx prospect analysis: #satx #satx，2024年的第一张brc20铭文
Current situation: In view of the positive expectations of the Bitcoin halving event in 2024 and the SEC, the overall market is showing an upward trend. At the same time, BRC20 has initially formed a market trend. Satx has gone through approximately nine months of history since its launch in April 2023, laying the foundation for its future development.
Location: The birthplace of BRC20 is the Bitcoin mainnet, so its security and fairness are guaranteed. As the first BRC20 token with the same number of Satoshis as Bitcoin, Satx has potential market advantages. In addition, the total supply of Satx is only 70,000, which is very cost-effective.
Renhe: Satx not only attracts Bitcoin fundamentalists and a wide popular science audience, but may also become the focus of market consensus in the East and West. Satx represents the "unknown" possibility, which can be seen from the composition of its name (sat+X).
The difference between Satx and Sats:
Time node: Satx will be deployed in April 2023, more than a month later than Sats, rather than coming out after Sats became popular.
Differences in connotation: On the basis of inheriting the native characteristics of Bitcoin, Satx also adds new connotations and possibilities.
Symbolic meaning: Among all possible letter combinations, 'X' represents the unknown and infinite possibilities, which gives Satx unique market potential.
Overall, Satx is by no means an imitation of Sats.
Satx is poised to be the next hot investment opportunity. According to the author's in-depth digging, capital has begun to be deployed. Satx has attracted dozens of large Sats investors. The assets of the top ten holders have exceeded 100 million U.S. dollars, and the market value has reached 500,000 U.S. dollars, easily achieving a hundredfold growth. If you missed ordi, sats, rats, then please don’t miss stax again.
#satx. #spacex. #trx. #Imx. #stx. #snx. #polyx. #avax. #Iotx. #bnx. #dydx. #okx. #bitfinex. #热门话题
2024 is the first year of X,#BRC20#satx will be a shining pearl in the blockchain field.
