You might be familiar with the term “Uncommon sat.” What exactly is it and why does it hold significance in the realm of Ordinals?
— COMMON SATOSHI : refers to regular satoshis within a Bitcoin block that are not the initial satoshi. These “common” sats encompass the vast majority, exceeding 99%, of all satoshis in circulation.
— UNCOMMON SATOSHI : it denotes the first satoshi within a newly mined block. Considering that a fresh block is mined approximately every 10 minutes and will continue to be produced indefinitely, this initial satoshi in each block is classified as "uncommon."
— RARE SATOSHI : signifies the initial satoshi within each difficulty adjustment period. Bitcoin undergoes a "difficulty adjustment" roughly every 2,016 blocks, which translates to approximately a two-week interval. Therefore, the first satoshi of each of these adjustment periods is categorized as "rare."
— EPIC SATOSHI : epic refers to the initial satoshi within each halving epoch. Bitcoin experiences a "Halving event" approximately every 210,000 blocks, which occurs roughly every four years. As a result, the first satoshi of these halving epoch is qualified "epic."
— LEGENDARY SATOSHI : "Legendary" refers to the initial satoshi within each "cycle" in the context of Bitcoin's halving and difficulty adjustment synchronization. As described by Casey Rodarmor, every six halving events align with the difficulty adjustment, creating a conjunction. This special alignment, termed a "conjunction," occurs approximately every 24 years. The first satoshi within each of these conjunctions, marking the beginning of a cycle, is classified as "legendary." The inaugural conjunction is anticipated to occur sometime around 2032.
— MYTHIC SATOSHI : refers to the initial satoshi of the genesis block, which represents the very first satoshi ever created in the Bitcoin network. This satoshi is considered unspendable and unattainable because Satoshi Nakamoto intentionally rendered the first block unspendable.
The BRC-20 token standard is a new experimental token standard for Bitcoin, introduced on March 8, 2023 by Twitter user @domodata. Announced on March 10, 2023, the standard uses JSON data ordinal records to facilitate the deployment of token contracts, minting and transfer of tokens.
The name BRC-20 alludes to Ethereum’s ERC-20 standard, in a humorous way. However, BRC-20 is much simpler and is limited due to limitations inherent in the Bitcoin blockchain.
The first BRC-20 token is the "ordi" token, which has a maximum limit of 21 million tokens and a limit of 1,000 tokens per creation. The JSON data used to deploy the "ordi" token contract is as follows: The response from the Bitcoin community was swift. Ordinal wallets such as Unisat quickly adopted the BRC-20 standard, and in less than 18 hours, all 21 million ordi tokens had been created. There is also demand for an additional 1.5 million ordi tokens, but this exceeds the set limit.
The creators of the BRC-20 token standard stress that this is just an experiment and that the tokens have no intrinsic value. Still, some speculative traders may view these coins differently.
Follow to instruct yourself about Ordinals and brc-20 ecosystem!
Here you will find all latest news about BRC-20 market and tokens like $1000SATS $ORDI but also on the newest onchain cryptocurrencies and project launched on BRC-20 ordinals !
The cryptocurrency market today is undergoing tremendous change and growth. The value of Bitcoin, Ethereum and other digital currencies continues to fluctuate, attracting the attention of investors around the world. As the cornerstone of supporting cryptocurrency, blockchain technology is constantly evolving and innovating, bringing huge possibilities to the future financial and technological fields. Whether you are a newbie or an experienced investor, it is crucial to understand and keep track of the latest developments in cryptocurrency. Let’s explore this exciting and potential field together, share and learn about the wonders of the cryptocurrency world! 🚀 #加密 #BTC #区块