Why is Musk indifferent to Inscription Coins? The humorous logic of the tech fanatic
Elon Musk, a ‘superstar’ in the tech world, is almost synonymous with innovation and controversy. From electric cars to rockets, from brain-machine interfaces to social platforms, Musk always seems to be at the forefront. However, when everyone rushes into the craze of Inscription Coins, this half ‘supporter’ of cryptocurrency shows a lukewarm, even ‘dismissive’ attitude. Why? Today we will explore, in a light-hearted way, why Musk is not enthusiastic about Inscription Coins.

Regarding the IERC20 IERC20 L1.5 layer solution, it is the first of its kind in the currency circle. It uses a mechanism combining Pow and DPos to create a fair token distribution mechanism. It is a set of expansion solution protocols based on Ethereum, covering universal distributed index specifications. Beyond the EVM field, let’s first look at the official roadmap. We are currently working with many partners to build a decentralized index. Secondly, looking at its investment institutions and partners, we can see that the project side has many partners and the investment institutions are also very luxurious, which shows that the project side has a strong background and connections. The future role of ethpi #ethpi A deflationary model will then be adopted. Its use cases will include fee discounts, fee buybacks, airdrop snapshots, LaunchPad subscriptions, and more! IERC20's distributed index will go beyond the EVM field and cover general distributed index specifications such as BTC, in which $ethpi will play a key role. The following questions and answers are an overview of the issues of concern to the community in the IERC20 space. 1) What is the role of DPoS points next? Will there be new PoW mining coins? (No) What do you think of the effectiveness of PoW this month? How do you plan to optimize the PoW+DPoS mechanism? Answer: The next key functions to be implemented are: Distributed index - it is a standardized solution that is applicable to all inscriptions. IERC's distributed index is a solution that uses a trust mechanism formed by a beacon node and multiple verification nodes. (Beacon index nodes & Verification index nodes) This will make users have more trust in the entire inscription, because all transactions and every operation of each user will be verified by many verification nodes. 🌟Distributed index carries many goals for the next step>>>What is the role of DPoS points? 1: DPoS points pledge node, ethpi will deduct the handling fees. After the market transaction needs to pay handling fees, for example, a project party becomes a Node, the project party can pledge DPoS points to this node, and this node can share the platform handling fee, and this handling fee is deducted and collected with #ethpi . The deducted handling fee is divided into 3 parts: 1) distributed to the platform 2) verifier node reward: points (or ethpi) can be pledged to the node, and these benefits are divided 3) given to the zero address for destruction ($ethpi Deflation) Function 2: Modularize the PoW&DPoS mechanism so that everyone can use this mechanism to issue and mint tokens.🌟Officially there will be no PoW mining coins for the time being, but interested projects can cooperate with IERC and use this modular mechanism to issue inscriptions/mining. 2) The community chatted that ethpi will be launched to deduct handling fees next week. Is this true? What's going to happen in the next few weeks? Answer: Yes, but I’m not sure when it will be online. After the distributed index is implemented, there will be a link where you can pay with ETH or use $ethpi to deduct the handling fee. In the next few weeks, we will promote the construction of distributed indexes and promote the improvement of TVL liquidity on the Ierc20 platform - such as efforts to promote CEX Listing; the development of corresponding cross bridges, and more project cooperation. 3) The development of ethpi has been promoted recently, what about ethi? What are your plans for ethi? Don’t worry, $ethi will always be the most important platform asset. Ethpi was created for distributed indexes, and they each have different functions and importance. Because in a distributed index, $ethi is not suitable, and $ethipi will be a representative distributed index asset. However, IERC uses $ethi to produce $ethpi. At the same time, it uses the PoW&DPoS mechanism to attract more users to our platform to complete the contribution of distributed indexing. Among the next distributed indexes, $ethi and $ethpi will both play a big role in the future. 4) Many people in the IERC investment institution community mentioned when will it be announced and what investment institutions are there? These investment institutions, because IERC20 is a platform type and a protocol type project. Any good institutional and project investor wants to get involved in many ways. We have always had many investment institutions participate, and some of them have made financial investments, purchased important assets of the platform, or promoted various business cooperation. In fact, these cooperation are not limited to financial investment, they can also purchase our tokens, or recommend some high-quality partners, or promote some BD cooperation. At the same time, we believe that with the launch of $ethpi, there will be more and more of these friends and institutions in the future. These institutions will not be disclosed for the time being, and will make official announcements with more details in this regard at the appropriate time. Please don't worry.5) What measures will IERC take next to optimize liquidity? Log in to a centralized exchange or develop your own Swap? What is the general plan? In the next few weeks, we will promote the construction of distributed indexes through multiple initiatives while improving IERC20’s TVL liquidity. We plan to implement the following key initiatives: First, we will strive to list CEX listings on mainstream centralized exchanges to increase the visibility and liquidity of the project. Secondly, we will develop cross bridge cross-chain bridging technology to achieve asset interoperability between different blockchain networks. In addition, we will actively seek more project cooperation to promote the development of the ecosystem. Our development team will focus on the research and development of distributed indexes and continuously introduce new partners to ensure the successful advancement of the project. 6) IERC has many sectors, such as inscriptions protocol, decentralized indexer, dex/nft market, launchpad, UGC domain, stablecoin/payment, and cross-chain bridge; what is the priority for future development? What is the basis for sorting? These sections of IERC will be developed and implemented one by one. Their order is subject to many factors, so there is no deterministic order. They are also subject to the expectations of the community, as well as the requirements of our partners and the workload of the development team. Expect. Today's development schedule and milestone planning are different from those in the past. IERC has strong development capabilities. At the right time, which is the industry trend, or even before the trend arrives, the IERC protocol will jointly develop relevant applications with suitable partners. Some apps will also be released simultaneously. Please pay close attention to the official IERC announcement for the latest information. 7) IERC has recently reached cooperation with many BTC/BRC20 protocols. Will it develop Inscription on the Bitcoin network? IERC will not migrate IERC20 to BTC because ETH is the cornerstone of IERC20. However, for BRC20, IERC can cross-chain it with BTC through Cross-Bridge or asset mapping to achieve asset transactions and circulation between the two platforms. At the same time, IERC welcomes more technology and BD cooperation to jointly explore the ecological technology implementation solutions of IERC and BRC.For example, although distributed indexing was proposed and implemented by IERC 20, it may eventually be applied to all inscription protocols and solve the trust crisis of all inscriptions through this solution. It is expected that through the promotion of this program, the overall development and trust building in the inscription field will be achieved. 8) IERC often says that it will develop indexing standards, and it will not be limited to EVM. For general entry-level users, how do they understand this index standard? What role can Ethpi play in this? An indexing standard is a specification. Normalization means that anyone who cleans data on the chain according to this specification at any time can get exactly the same results, because all data exists on the chain. Ethpi was born to implement distributed indexing. In the future distributed indexing, $ethi and $ethpi will play a key role in providing users with powerful indexing functions and data analysis capabilities. Whether it is data sorting, querying or analysis, these two tools will provide users with reliable and consistent results and promote the development of distributed indexing technology. 9) What does IERC20 think of the development of the Inscription track? What are the factors that will promote the arrival of the next bull market in Inscription? IERC20 is confident in the development of Inscription Track, which is the third type of valid asset besides Token and NFT. Judging from the history of encryption, those with asset type attributes will basically always exist. But it will also have peaks and troughs, so IRRC needs to look at the fluctuations of bull and bear markets rationally. Perhaps, there is a positive correlation between the bull and bear markets in the crypto industry and the Inscription Track. But it may not be related at all. We cannot judge or judge this. However, IERC20 will try its best to symbolize the inscription to resolve the concerns of all users. At the same time, in accordance with IERC’s plan and the self-care principle of our Governance DAO, we will steadily promote the development of the Inscription Track. At present, IERC has achieved initial results in this regard. 10) AI should be the hottest track in 2024. Many AI projects have emerged, and the FDV/circulation market value has skyrocketed. Will IERC be related to AI? Serj is also very interested in artificial intelligence, which is also an area that I am extremely excited about. Recently, IERC has also reached cooperation with TypoX AI, an AI product under the well-known AI project KNN3 Network.They will also integrate IERC related products. IERC is very much looking forward to cooperating with artificial intelligence partners and hopes to inspire a spark of collision between artificial intelligence and inscription technology! #BTC #ETH #铭文 #ethi