At first, the server created the world, and the rc20 world was a mess, with no rules and no value. The server said that there should be a new digital currency, so BRC-20 was born. The server saw that the transaction of BRC-20 was very active and thought it was very useful. But the server also realized that the total amount of BRC-20 was limited and could not be issued at will. So, the server wanted a digital currency that could be issued, so ORC-20 appeared.
What is ORC-20? ORC-20 is an open standard that complements and upgrades BRC-20. It removes some of the restrictions of BRC-20 and defines more operations.
For details, please see ORC-20
https://docs.orc20.org/
advantage
It can prevent the problem of double spending (transactions are safer and will not be spent repeatedly)
Allow migration from BRC20 to ORC20
Cancellable transactions
shortcoming
ORC20 is not limited to 4 characters, and multiple copies can be defined with the same name (lack of brc20 rarity, token names are easily confused)
The initial supply, maximum minting amount and tax can be changed (similar to Ethereum chain erc20)
Centralized! (Project owners can manipulate the stakes)
OKEx and Binance both released support for ORC-20 construction
No matter what this protocol ultimately brings, it’s always a good idea to learn how to mint ORC-20 tokens first!
Let the tutorial begin!
1. How to find the token text
Currently, it is impossible to see the number of tokens minted, there is no corresponding index, and there is no corresponding tool. It is all blind typing! Be aware of the risks!
ORC20 token list: https://loveords.com/orc20
2. Find the token you want to mint and replace the following text (replace the Chinese characters, as shown below)
Let me use punk as an example.
{"p":"orc-20", "tick":"Token inscription", "id":"Inscription id", "op":"mint", "amt":"Fixed number of tokens per sheet"}
{"p":"orc-20", "tick":"punk", "id":"3387933", "op":"mint", "amt":"1"}
UNISATURL:https://unisat.io/
5. Paste the text you just copied and batch cast the inscriptions. Just paste multiple lines (as shown in the picture, batch cast 5 inscriptions at a time)
6. Check the number of inscriptions and the text, and click Next.
7. Fill in your address and select the basic information of GAS B. We will get it here.
8. Scroll down and click Submit & pay invoice
9. Click Pay with Unisat Wallet to make payment
10. Click Sign & Send in the wallet pop-up window
11. Wait for a while, and the order will be successful. Click Tx
12. Click Copy TX
13. Open mempool https://mempool.space/zh/ 14. Paste tx and search (to view TX block status)
15. Display the block. Confirm once, indicating that the casting is completed.
3. How to check if the inscription is in the wallet
1. Open the ordiscan block browser https://ordiscan.com/
2. Enter your bc1p address and search