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Author:Shako Dive into the world of Atomicals and learn about its core components: ARC20 tokens, Dmint NFTs, Realms, and how the AVM powers the entire protocol.
1. Protocol Overview: Atomicals is more than just a token standard, it realizes the vision of enhancing functionality on Bitcoin envisioned by pioneers such as Satoshi Nakamoto, @halfin, and @VitalikButerin.
2.ARC-20: ARC20 fungible tokens are colored coins native to Bitcoin, backed 1:1 by Satoshi and PoW mining, and follow a decentralized UTXO model.
3. Partial dyeing:
Partial coloring allows Atomicals to overcome Bitcoin’s dust limitations, providing significant advantages over all other fungible token standards on top of Bitcoin:
BTC has a 4-hour bottom back, this is the first time since the bottom of 49k, I don’t know what the effect will be. Now the liquidity and sentiment of the market, are at a historical low, many people doubt their lives and quit the circle, these are all characteristics of the bottom, so there is no need to be too bearish on the future market, the market is fundamentally anti-human.
BTC's recent trend is quite annoying. Maybe it will continue to be annoying for a while. Is it the rhythm of bottoming out in August, breaking through in September, and accelerating in October? No matter what, I am optimistic about the medium- and long-term trend. I am not bearish or shorting at this stage. Just wait and see.
BTC is very strong. After breaking through 63k, it actually went sideways. In this case, this week's weekly K may really close at 68k or even higher. Until now, if someone still insists on a second test, then they are really making things difficult for themselves.
Welcome to bitcoin 2.0! AVM (Atomicals Virtual Machine) brings OP_Codes back to Bitcoin and implements smart contracts on Bitcoin, which lays a solid foundation for the long-term development of the Bitcoin ecosystem and opens up huge imagination space. Let's witness the Bitcoin 2.0 era together!
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Lepaer - ARC20 Quark
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Talking about OP_Codes: How will AVM "restart" the Bitcoin programming era?
As "digital gold", Bitcoin has been regarded only as a store of value for many years.
Has anyone ever thought that this was an act of necessity?
Is it possible that Bitcoin once had the means and opportunity to have a prosperous ecosystem and complex applications like Ethereum, but was "forced" to be stopped?
This was a major decision made by Satoshi Nakamoto before he retired - for the sake of security (to avoid potential denial of service attacks), a series of original operation codes (OP Codes) were disabled. These operation codes were used for binary operations and complex calculations, and could have enabled the writing of advanced scripts.
The Bitcoin ecosystem has great potential! Bitcoin NFT has grown from nothing to compete with NFTs in the ETH and SOL ecosystems, which reflects the huge development potential of the BTC ecosystem. I believe that the BTC ecosystem will continue to grow and become more prosperous in the second half of this bull market cycle! Continue to pay attention to the BTC ecosystem and bet on the BTC ecosystem.
In this wave of adjustment, if BTC cannot make a 12-hour bottom divergence structure, then it is estimated that it will be difficult to have another chance before the big rise. At present, the 1-hour level is already in a bottom divergence state, and it is possible to rebound at any time. Many people believe and wait for this 12-hour bottom divergence structure, but I don’t count on it.
Atomicals Virtual Machine Beta Version Officially Released! Today, the AVM (Atomicals Virtual Machine) Beta version is officially released. 🚀 The history of BTC chain (L1) without smart contract function will become a thing of the past. AVM will surely bring Bitcoin into the 2.0 era!
The holdings of BTC-ETF in the United States will exceed those of Satoshi Nakamoto At present, various ETFs in the United States already hold more than 900,000 BTC, which is only 200,000 away from Satoshi Nakamoto's 1.1 million. Bloomberg researchers analyzed that by October this year, the holdings of BTC-ETF in the United States will exceed those of Satoshi Nakamoto, and currently only BlackRock ranks third. If the BTC held by the US government and other US institutions are added, the total BTC holdings in the United States have already exceeded those of Satoshi Nakamoto. There is a question here: Why does the holdings of ETFs continue to increase, while the market has been fluctuating and adjusting for 5 months, and is still hovering around 60k? Is it intentional suppression of the market to absorb funds? This possibility exists. In the future market, the weight of retail investors will become lower and lower, and the weight of institutions will become higher and higher. This trend is irreversible. The only thing retail investors can do is to hold their own chips, be a spectator, and watch the performance of institutions.
Bitcoin is now the world's sixth largest monetary asset. The top five monetary assets are: gold, US dollar, euro, RMB, and Japanese yen. If BTC rises 15 times, it may become the world's largest monetary asset. Each BTC is worth about $1 million. This cycle is over. The fastest we have to wait for is the next cycle.
BlackRock and Fidelity currently hold a total of 524,000 BTC
Through spot ETFs, BlackRock and Fidelity currently hold a total of 524,390 bitcoins worth $31.6 billion. Of the total 21 million bitcoins, more than 500,000 BTC belong to these two ETFs alone, accounting for about 2.5% of the total. Driven by ETFs, more institutions are expected to join the ranks of buying and hoarding bitcoin. Once governments, especially those with major economies around the world, use BTC as a strategic reserve, it will become a greater driving force.
There are now more than 1 million addresses holding 1 or more Bitcoins. These are 1 million future millionaires and multimillionaires. Are you one of them? Looking back now, in the crypto world, long-term holding of BTC is the way to go.
Why is the market afraid again? Who and what people are afraid? I am a little suspicious of this index. It has been fluctuating and adjusting for 5 months. It has dropped three times and the lowest point is 49k. If it was going to fall deeply, it would have fallen long ago. Why wait until now? Others are afraid, but I am greedy. I am doing the opposite. I am talking about now.
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LotusMoon
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Bullish
BTC closed a very beautiful weekly K-line. It is the weekly K-line with the longest lower shadow since the beginning of this cycle. It is also the weekly K-line with the largest fluctuation range. Will it become a standard K-line that marks the end of the periodic adjustment and the beginning of the new rising stage, that is, the morning star? This possibility is very high! If so, the market will mainly fluctuate and rise in the future. It is estimated that the accelerated rise will have to wait until September or October. As for whether it can create a new low in the near future, it is not expected. 图解Atomicals 协议 【夸克导航】
BTC closed a very beautiful weekly K-line. It is the weekly K-line with the longest lower shadow since the beginning of this cycle. It is also the weekly K-line with the largest fluctuation range. Will it become a standard K-line that marks the end of the periodic adjustment and the beginning of the new rising stage, that is, the morning star? This possibility is very high! If so, the market will mainly fluctuate and rise in the future. It is estimated that the accelerated rise will have to wait until September or October. As for whether it can create a new low in the near future, it is not expected. 图解Atomicals 协议【夸克导航】
🟧Fiat currency (Bitcoin is an officially recognized medium of exchange) 🟩 Allowed (using Bitcoin is legal with few or no restrictions) 🟨Restrictions (there are some legal restrictions on the use of Bitcoin) 🟪Controversial (interpretation of old law, but does not outright ban Bitcoin) 🟥Banned (full or partial ban on using Bitcoin) ⬜️No data (no information available)
BTC mining legalized in Russia Putin signed a law legalizing Bitcoin mining in Russia. Only Russian legal entities and registered individual entrepreneurs can mine. Individuals within the energy limits set by the government can mine without registration. Foreign digital assets will be allowed to be traded on Russian blockchain platforms. If certain cryptocurrencies threaten financial stability, the Bank of Russia can ban them. The requirements for individual mining are quite loose, with almost no restrictions. Mining and trading are legalized, which can be said to be quite friendly to the crypto circle. Heavyweight powers such as the United States and Russia are embracing BTC, and the trend is already very obvious. Back then, the mainland concentrated most of the computing power, alas,
Latest news: Long-term Bitcoin holders bought more than 184,500 BTC worth $11.1 billion during the recent decline. Sure enough, there is a reason why the decline cannot continue. The long-term trend still depends on long-term Bitcoin holders.
It is a breakthrough in Bitcoin’s self-limitation. Rather than a simple token split, it is an evolution of the colored coin form.
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Lepaer - ARC20 Quark
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A brief discussion on the technical logic and development history of ARC20 partial dyeing
Some people still have misunderstandings about the split mechanism of Atomics, and some even said, "Atomics actually has the nerve to regard the split as a good thing. Isn't this the most basic thing?"
Yes, splitting is indeed a very basic underlying architecture.
Before we start introducing “partial dyeing”, let’s first make an analogy with the splitting of inscriptions to help understand the differences in the splitting processes between inscriptions and dyed coins.
When the inscription first appeared, Mint an inscription and get a JSON inscribed on the chain. This JSON records the inscription operation of this inscription. According to the deployment rules, get 1 inscription with a quantity of 1,000 coins. When transferring tokens, inscribe a new "transfer inscription" again through inscription, and record the transfer quantity in this JSON. Therefore, in this process, the split is naturally realized, which is nothing more than the addition and subtraction of numbers, calculated by the index.