BRC-20
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💰 Bitcoin Dogs ICO Raises $5.7 Million, Pioneering BRC-20 and Bitcoin Gaming
The Bitcoin Dogs presale for the first-ever coin on the Bitcoin blockchain has now raised a total of $5.7 million since the 14th of February. The world’s first #ico on BRC-20, Bitcoin Dogs, has 14 days until the presale closes. The growth of the Bitcoin Dogs community is showing no signs of slowing down. The #Bitcoin Dogs team is all about breakthroughs using the OG chain, and the developers are experimenting with #BRC-20 and Ordinals code to bring the best possible gaming experience to the world’s biggest blockchain.
Source
#BTC
@WISE CRYPTO NEWS
💰 Bitcoin Dogs ICO Raises $5.7 Million, Pioneering BRC-20 and Bitcoin Gaming
The Bitcoin Dogs presale for the first-ever coin on the Bitcoin blockchain has now raised a total of $5.7 million since the 14th of February. The world’s first #ico on BRC-20, Bitcoin Dogs, has 14 days until the presale closes. The growth of the Bitcoin Dogs community is showing no signs of slowing down. The #Bitcoin Dogs team is all about breakthroughs using the OG chain, and the developers are experimenting with #BRC-20 and Ordinals code to bring the best possible gaming experience to the world’s biggest blockchain.
Source
#BTC
@WISE CRYPTO NEWS
550K Transactions Waiting on #bitcoin Network! What Causes the Congestion? Will Stock Markets Stop Shooting?
This situation in the Bitcoin network is not the first. A similar picture occurred in May 2023, when the popularity of #BRC-20 tokens increased, and Binance suspended Bitccoin withdrawals on May 8 due to network congestion. His current congestion is thought to be due to a similar cause.
BRC-20 tokens use a protocol called #Ordinals that allows users to write data to the Bitcoin network using JSON, a format for data storage and exchange. Simply put, BRC-20 tokens are actually nothing but #Satoshis , the smallest unit of Bitcoin. Extra data is associated only to these Satoshis using the Ordinals protocol
This situation in the Bitcoin network is not the first. A similar picture occurred in May 2023, when the popularity of #BRC-20 tokens increased, and Binance suspended Bitccoin withdrawals on May 8 due to network congestion. His current congestion is thought to be due to a similar cause.
BRC-20 tokens use a protocol called #Ordinals that allows users to write data to the Bitcoin network using JSON, a format for data storage and exchange. Simply put, BRC-20 tokens are actually nothing but #Satoshis , the smallest unit of Bitcoin. Extra data is associated only to these Satoshis using the Ordinals protocol
Beginner’s Guide to BRC-20 Tokens – Part 1
Beginner’s Guide to BRC-20 Tokens – Part 1
The cryptocurrency world has seen the rise of Bitcoin ordinals and meme coins in recent times. However, developers have created a new token standard called BRC-20, which has gained a significant market cap of over $680 million in just two months. In this two-part series, we will delve into BRC-20 tokens, exploring what they are, their differences from ERC-20, their use cases, and more.
Headings:
What is the BRC-20 Token Standard?
BRC-20 vs ERC-20
BRC-20 Use Cases
BRC-20 List
BRC-20 vs Ordinals
Conclusion
What is the BRC-20 Token Standard?
BRC-20 is a new fungible token standard that allows users to inscribe satoshis, the smallest unit of Bitcoin. The Ordinals protocol assigns a unique number to a satoshi, turning it into a non-fungible and unique token. BRC-20 tokens are relatively new and experimental, and their developer Domo suggests that they may become worthless. At the time of writing, there were 14,307 BRC-20 tokens, and MetaMask and Ledger support them.
BRC-20 vs ERC-20
The most significant difference between BRC-20 and ERC-20 tokens is that BRC-20 does not use a smart contract, making it less functional than ERC-20. BRC-20 tokens exist on the Bitcoin blockchain, while ERC-20 tokens exist on Ethereum. BRC-20 tokens have limited use cases, but they are flexible and can integrate into DeFi protocols and tokenization of real-world assets.
BRC-20 Use Cases
Detailed Explained:- https://twitter.com/BanklessHQ/status/1656402157112008705?s=20
Currently, BRC-20 tokens are mainly used for meme coins. However, they have the potential to be integrated into DeFi protocols, creating a livelier ecosystem on the Bitcoin blockchain. They are also suitable for P2P transfers and tokenization of real-world assets.
BRC-20 List
The BRC-20 tokens available currently are mostly meme coins, with Pepe, Ordi, and Meme tokens being the top three by market cap. Token prices vary depending on supply, with low supplies generally having higher prices.
BRC-20 vs Ordinals
BRC-20 tokens are a token standard, while Ordinals are a technique for inscribing satoshis, turning them into NFTs. While the development of BRC-20 tokens and Ordinals has brought new life to the Bitcoin chain, it has also caused congestion and increased transaction fees.
Conclusion
BRC-20 tokens are a new token standard with limited use cases currently, but they have the potential to be integrated into DeFi protocols and tokenization of real-world assets. In part two of this series, we will delve deeper into BRC-20 tokens, exploring their risks and potential rewards.
Takeaways:
BRC-20 tokens are a new fungible token standard that allows users to inscribe satoshis, turning them into non-fungible and unique tokens.
BRC-20 tokens differ from ERC-20 tokens in that they do not use smart contracts, exist on the Bitcoin blockchain, and have limited functionality.
BRC-20 tokens are primarily used for meme coins, but they have potential use cases in DeFi protocols and tokenization of real-world assets.
Ordinals are a technique for inscribing satoshis, turning them into NFTs.
BRC-20 tokens and Ordinals have brought new life to the Bitcoin chain but have caused congestion and increased transaction fees.
Soon I will Prepare 2nd Part of this Series.
If you Like and Enjoy then Please Like Share and Follow.
Thank you.
Hey, it's CryptoPatel here!
I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies.
If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates.
Thank you for your support, and let's continue to stay connected for more exciting content!
LIKE ❤️
Share ⏩
Follow 🤝
#BRC20 #BRC-20 #BTC #googleai #btcordinals
The cryptocurrency world has seen the rise of Bitcoin ordinals and meme coins in recent times. However, developers have created a new token standard called BRC-20, which has gained a significant market cap of over $680 million in just two months. In this two-part series, we will delve into BRC-20 tokens, exploring what they are, their differences from ERC-20, their use cases, and more.
Headings:
What is the BRC-20 Token Standard?
BRC-20 vs ERC-20
BRC-20 Use Cases
BRC-20 List
BRC-20 vs Ordinals
Conclusion
What is the BRC-20 Token Standard?
BRC-20 is a new fungible token standard that allows users to inscribe satoshis, the smallest unit of Bitcoin. The Ordinals protocol assigns a unique number to a satoshi, turning it into a non-fungible and unique token. BRC-20 tokens are relatively new and experimental, and their developer Domo suggests that they may become worthless. At the time of writing, there were 14,307 BRC-20 tokens, and MetaMask and Ledger support them.
BRC-20 vs ERC-20
The most significant difference between BRC-20 and ERC-20 tokens is that BRC-20 does not use a smart contract, making it less functional than ERC-20. BRC-20 tokens exist on the Bitcoin blockchain, while ERC-20 tokens exist on Ethereum. BRC-20 tokens have limited use cases, but they are flexible and can integrate into DeFi protocols and tokenization of real-world assets.
BRC-20 Use Cases
Detailed Explained:- https://twitter.com/BanklessHQ/status/1656402157112008705?s=20
Currently, BRC-20 tokens are mainly used for meme coins. However, they have the potential to be integrated into DeFi protocols, creating a livelier ecosystem on the Bitcoin blockchain. They are also suitable for P2P transfers and tokenization of real-world assets.
BRC-20 List
The BRC-20 tokens available currently are mostly meme coins, with Pepe, Ordi, and Meme tokens being the top three by market cap. Token prices vary depending on supply, with low supplies generally having higher prices.
BRC-20 vs Ordinals
BRC-20 tokens are a token standard, while Ordinals are a technique for inscribing satoshis, turning them into NFTs. While the development of BRC-20 tokens and Ordinals has brought new life to the Bitcoin chain, it has also caused congestion and increased transaction fees.
Conclusion
BRC-20 tokens are a new token standard with limited use cases currently, but they have the potential to be integrated into DeFi protocols and tokenization of real-world assets. In part two of this series, we will delve deeper into BRC-20 tokens, exploring their risks and potential rewards.
Takeaways:
BRC-20 tokens are a new fungible token standard that allows users to inscribe satoshis, turning them into non-fungible and unique tokens.
BRC-20 tokens differ from ERC-20 tokens in that they do not use smart contracts, exist on the Bitcoin blockchain, and have limited functionality.
BRC-20 tokens are primarily used for meme coins, but they have potential use cases in DeFi protocols and tokenization of real-world assets.
Ordinals are a technique for inscribing satoshis, turning them into NFTs.
BRC-20 tokens and Ordinals have brought new life to the Bitcoin chain but have caused congestion and increased transaction fees.
Soon I will Prepare 2nd Part of this Series.
If you Like and Enjoy then Please Like Share and Follow.
Thank you.
Hey, it's CryptoPatel here!
I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies.
If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates.
Thank you for your support, and let's continue to stay connected for more exciting content!
LIKE ❤️
Share ⏩
Follow 🤝
#BRC20 #BRC-20 #BTC #googleai #btcordinals
#bitcoinhalving
Magic Eden will launch trading of Runes
🔜 The platform announced the launch of Rune trading on April 23.
Bitcoin developer 🧑💻 and creator of Ordinals, Casey Rodarmor, introduced Runes in September 2023.
🗒 The protocol will allow the issuance of fungible tokens on the blockchain of the first cryptocurrency, but unlike #BRC-20 , it uses the UTXO model which will prevent network congestion.
"Runes were built for degens and #Memecoins , but the protocol is simple, efficient, and secure. It is a legitimate competitor to Taproot #assets and RGB."
- Rodarmor wrote in early April.
#Megadrop
Magic Eden will launch trading of Runes
🔜 The platform announced the launch of Rune trading on April 23.
Bitcoin developer 🧑💻 and creator of Ordinals, Casey Rodarmor, introduced Runes in September 2023.
🗒 The protocol will allow the issuance of fungible tokens on the blockchain of the first cryptocurrency, but unlike #BRC-20 , it uses the UTXO model which will prevent network congestion.
"Runes were built for degens and #Memecoins , but the protocol is simple, efficient, and secure. It is a legitimate competitor to Taproot #assets and RGB."
- Rodarmor wrote in early April.
#Megadrop
6 out of 10 #Bitcoin #transactions are #BRC-20 tokens.
The percentage of network usage to mint this type of tokens peaked on May 7.
#feedfeverchallenge #dyor
The percentage of network usage to mint this type of tokens peaked on May 7.
#feedfeverchallenge #dyor
✅Innovations around cryptocurrencies seem to be entering the market, with the latest being BRC-20 tokens. From what it’s understood, #BRC-20 is based on Bitcoin blockchain and has been inspired from Ethereum’s ERC-20 standard. BRC-20 enables investors to ensure trading of fungible assets using the protocol.
According to Bitcoinist, a Bitcoin news portal, on May 7, 2023, BRC-20 transactions’ volume reached a 65% high. Experts reportedly believe that this development signifies the protocol’s increasing adoption. “I believe BRC-20 tokens are a type of fungible token standard for Bitcoin created by using the Ordinals protocol. This protocol allows users to trade fungible assets through inscriptions of JSON data, Rajagopal Menon, vice-president, WazirX, a cryptocurrency exchange, told FE Blockchain.
#googleai #BRC20
According to Bitcoinist, a Bitcoin news portal, on May 7, 2023, BRC-20 transactions’ volume reached a 65% high. Experts reportedly believe that this development signifies the protocol’s increasing adoption. “I believe BRC-20 tokens are a type of fungible token standard for Bitcoin created by using the Ordinals protocol. This protocol allows users to trade fungible assets through inscriptions of JSON data, Rajagopal Menon, vice-president, WazirX, a cryptocurrency exchange, told FE Blockchain.
#googleai #BRC20
Bitcoin Leads the NFT Market with Increase in BRC-20 Token Sales.
In the latest developments in the cryptocurrency industry, Bitcoin has gained a significant lead over Ethereum in the non-fungible token (NFT) market. Data from CryptoSlam shows that Bitcoin's NFT sales volume reached $16.94 million in just one day, bringing the weekly total to $177 million, marking an increase of 88%. This increase is attributed to the growing popularity of SATS #BRC-20 NFTs, which are currently the most sought-after collectibles on the Bitcoin network.
As reported by Dune analytics, the revival in Bitcoin's #NFT market is largely due to the success of the Ordinals protocol. The protocol saw more than 5.6 million entries this November alone, indicating a solid revival from what was previously referred to as the NFT winter. This increase in activity is also reflected in transaction fees, where Bitcoin has surpassed Ethereum. According to Glassnode statistics on Monday, Bitcoin's average transaction fee stood at $10.35, outpacing Ethereum's $8.43. This indicates a significant increase in network activity and interest in Bitcoin-based NFTs and smart contract functions.
Additionally, Bitcoin's dominance in the #NFT market is evident from its monthly sales figures, which stood at $312 million compared to Ethereum's $304 million. Notably, BRC-20 NFTs topped the sales volume rankings with $83 million in transactions on Tuesday, eclipsing other notable collectibles like Bored Ape Yacht Club, which reported $42 million in sales. The buyer base for BRC-20 NFTs expanded by 398%, demonstrating rapidly growing interest among collectors and investors.
$BTC $ETH
In the latest developments in the cryptocurrency industry, Bitcoin has gained a significant lead over Ethereum in the non-fungible token (NFT) market. Data from CryptoSlam shows that Bitcoin's NFT sales volume reached $16.94 million in just one day, bringing the weekly total to $177 million, marking an increase of 88%. This increase is attributed to the growing popularity of SATS #BRC-20 NFTs, which are currently the most sought-after collectibles on the Bitcoin network.
As reported by Dune analytics, the revival in Bitcoin's #NFT market is largely due to the success of the Ordinals protocol. The protocol saw more than 5.6 million entries this November alone, indicating a solid revival from what was previously referred to as the NFT winter. This increase in activity is also reflected in transaction fees, where Bitcoin has surpassed Ethereum. According to Glassnode statistics on Monday, Bitcoin's average transaction fee stood at $10.35, outpacing Ethereum's $8.43. This indicates a significant increase in network activity and interest in Bitcoin-based NFTs and smart contract functions.
Additionally, Bitcoin's dominance in the #NFT market is evident from its monthly sales figures, which stood at $312 million compared to Ethereum's $304 million. Notably, BRC-20 NFTs topped the sales volume rankings with $83 million in transactions on Tuesday, eclipsing other notable collectibles like Bored Ape Yacht Club, which reported $42 million in sales. The buyer base for BRC-20 NFTs expanded by 398%, demonstrating rapidly growing interest among collectors and investors.
$BTC $ETH
What is BRC-20, its creation, operation, differences and risks
What is BRC-20?
An experimental token standard that allows for the minting and transfer of fungible tokens on the Bitcoin blockchain via the Ordinals protocol. Like Ethereum's ERC-20 tokens, BRC-20 tokens have different mechanisms and functions.
How was the creation of the BRC-20 token?
However, it is important to note that these tokens are still experimental and users should exercise caution when using them. Although BRC-20 tokens have gained popularity during the first half of 2023, it is important to note that they are still in an experimental phase and therefore may present certain risks for users.
Accordingly, it is recommended that users wishing to use these tokens research and understand the mechanisms and functions associated with them before taking any action.
In short, BRC-20 is an experimental token standard that allows for the minting and transfer of fungible tokens on the Bitcoin blockchain via the Ordinals protocol, similar to Ethereum's ERC-20 tokens. However, since these tokens are experimental, users should exercise caution when using them and understand the potential risks associated with them.
BRC-20 tokens were created to allow the creation and transfer of fungible tokens on the Bitcoin blockchain, just like Ethereum's ERC-20 tokens. The BRC-20 token standard was proposed by the Bytom developer team in 2022, and was based on the Ordinals protocol to enable token creation and transfer.
How is the BRC-20 Token Operation?
BRC-20 tokens work in a similar way to Ethereum's ERC-20 tokens. These tokens are fungible, which means that each token has the same value and is interchangeable with other tokens of the same type. BRC-20 tokens use the Ordinals protocol to enable the creation and transfer of tokens on the Bitcoin blockchain.
What differentiates the new token from the BRC-20 network to ERC-20?
There are some important differences between the BRC-20 and ERC-20 tokens. For example, ERC-20 tokens use the Ethereum blockchain, while BRC-20 tokens use the Bitcoin blockchain. Additionally, BRC-20 tokens have a different smart contract structure than ERC-20 tokens, which may affect their ability to support certain features.
Is there a risk when using the tokens of the BRC-20 chain?
BRC-20 tokens are experimental, which means they are still under development and may present certain risks to users. For example, the smart contracts for BRC-20 tokens may be vulnerable to bugs and security attacks, which may result in the loss of user funds. Additionally, BRC-20 tokens are not yet widely adopted and may have limited liquidity in cryptocurrency markets, which may affect the ease of buying and selling these tokens. Therefore, it is important that users are aware of these risks before using BRC-20 tokens and take steps to protect their funds.
⚠️This is an educational post, not investment advice, in case you want to make an investment, you should do your own research, so please stay SAFU⚠️
#Binance
#BRC20
#feedfeverchallenge
#BRC_20
#BRC-20
An experimental token standard that allows for the minting and transfer of fungible tokens on the Bitcoin blockchain via the Ordinals protocol. Like Ethereum's ERC-20 tokens, BRC-20 tokens have different mechanisms and functions.
How was the creation of the BRC-20 token?
However, it is important to note that these tokens are still experimental and users should exercise caution when using them. Although BRC-20 tokens have gained popularity during the first half of 2023, it is important to note that they are still in an experimental phase and therefore may present certain risks for users.
Accordingly, it is recommended that users wishing to use these tokens research and understand the mechanisms and functions associated with them before taking any action.
In short, BRC-20 is an experimental token standard that allows for the minting and transfer of fungible tokens on the Bitcoin blockchain via the Ordinals protocol, similar to Ethereum's ERC-20 tokens. However, since these tokens are experimental, users should exercise caution when using them and understand the potential risks associated with them.
BRC-20 tokens were created to allow the creation and transfer of fungible tokens on the Bitcoin blockchain, just like Ethereum's ERC-20 tokens. The BRC-20 token standard was proposed by the Bytom developer team in 2022, and was based on the Ordinals protocol to enable token creation and transfer.
How is the BRC-20 Token Operation?
BRC-20 tokens work in a similar way to Ethereum's ERC-20 tokens. These tokens are fungible, which means that each token has the same value and is interchangeable with other tokens of the same type. BRC-20 tokens use the Ordinals protocol to enable the creation and transfer of tokens on the Bitcoin blockchain.
What differentiates the new token from the BRC-20 network to ERC-20?
There are some important differences between the BRC-20 and ERC-20 tokens. For example, ERC-20 tokens use the Ethereum blockchain, while BRC-20 tokens use the Bitcoin blockchain. Additionally, BRC-20 tokens have a different smart contract structure than ERC-20 tokens, which may affect their ability to support certain features.
Is there a risk when using the tokens of the BRC-20 chain?
BRC-20 tokens are experimental, which means they are still under development and may present certain risks to users. For example, the smart contracts for BRC-20 tokens may be vulnerable to bugs and security attacks, which may result in the loss of user funds. Additionally, BRC-20 tokens are not yet widely adopted and may have limited liquidity in cryptocurrency markets, which may affect the ease of buying and selling these tokens. Therefore, it is important that users are aware of these risks before using BRC-20 tokens and take steps to protect their funds.
⚠️This is an educational post, not investment advice, in case you want to make an investment, you should do your own research, so please stay SAFU⚠️
#Binance
#BRC20
#feedfeverchallenge
#BRC_20
#BRC-20
Ordinals $ORDI will be Listed on #Binance November 7,2023 at 12:00 UTC
$ORDI is the leading BRC-20 token and it is about to be listed on Binance.
What do you think about the future of BRC-20 ?
#BRC20 #BRC-20 #newlistings #BTC
$ORDI is the leading BRC-20 token and it is about to be listed on Binance.
What do you think about the future of BRC-20 ?
#BRC20 #BRC-20 #newlistings #BTC
Yala Protocol: Pioneering DeFi Innovation in the Bitcoin Ecosystem
In the ever-evolving landscape of decentralized finance (DeFi), Yala Protocol emerges as a groundbreaking initiative, aiming to unlock the untapped potential of the native Bitcoin ecosystem. Yala Protocol is not just another DeFi platform; it is a visionary project that believes in Bitcoin and seeks to build a secure, decentralized infrastructure designed for the future of the world's leading cryptocurrency.
Believing in Bitcoin:
Yala Protocol's fundamental philosophy revolves around the belief in #BTC as the cornerstone of the cryptocurrency space. Rather than creating a new asset, Yala Protocol focuses on harnessing the power of native Bitcoin assets within the DeFi space. By doing so, it not only reinforces the significance of Bitcoin but also provides users with the opportunity to earn, borrow, mint, and build within the expanding Bitcoin ecosystem.
Decentralization and Security:
Yala Protocol is committed to the principles of decentralization and security. Built on a secure and decentralized foundation, the protocol ensures that users can engage in financial activities with confidence. This commitment aligns with the ethos of Bitcoin itself – a decentralized and secure form of digital currency. Yala Protocol's dedication to these principles establishes it as a reliable platform for users seeking to participate in the decentralized financial ecosystem.
Network Collaboration:
Yala Protocol recognizes the importance of collaboration in the blockchain space. The project actively engages with leading networks to contribute to the growth of the #Bitcoin ecosystem. By working hand-in-hand with other platforms, Yala Protocol aims to create a robust and interconnected DeFi environment that benefits the entire crypto community.
Key Features for Users:
Yala Protocol offers a range of key features for users to explore and benefit from:
Supply: Users can contribute liquidity to the platform, participating in the growth of the #Yala ecosystem.Borrow: Through a modular #BRC-20 standard, users can create a Vault Modular, initiating the borrowing process with over-collateralization.Liquidity: The platform provides a space for users to engage in liquidity provision, enhancing the overall stability of the ecosystem.Assets: Yala Protocol focuses on native Bitcoin assets, allowing users to work directly with the world's most recognized cryptocurrency.Vote: Users have the opportunity to participate in governance by voting on proposals, ensuring the health and stability of the platform.Liquidations: Yala Protocol incorporates necessary liquidations to maintain platform health and stability.
Takaful Insurance Model:
Yala Protocol introduces the Takaful insurance model, a cooperative insurance system designed to provide protection to participants by sharing risks and offering mutual assistance. This innovative insurance approach aligns with the collaborative spirit of the #decentralized finance space, fostering a sense of community and support among users.
Yala Protocol actively invites users to join its growing community and contribute to the project's development. The White Paper provides in-depth insights into the protocol's design and functionalities. The platform encourages collaboration, welcoming fantastic ideas from the community. Bounties are available for outstanding contributions and suggestions, creating a vibrant and inclusive ecosystem.
Join your communities:
Website:https://yala.finance
Telegram: https://t.me/yala_finance
Discord: https://discord.gg/Ct6VBxTP
Twitter: https://x.com/Yalafinance?s=20
Medium: https://medium.com/@YalaFinance
DYOR and like for more! 👍
Believing in Bitcoin:
Yala Protocol's fundamental philosophy revolves around the belief in #BTC as the cornerstone of the cryptocurrency space. Rather than creating a new asset, Yala Protocol focuses on harnessing the power of native Bitcoin assets within the DeFi space. By doing so, it not only reinforces the significance of Bitcoin but also provides users with the opportunity to earn, borrow, mint, and build within the expanding Bitcoin ecosystem.
Decentralization and Security:
Yala Protocol is committed to the principles of decentralization and security. Built on a secure and decentralized foundation, the protocol ensures that users can engage in financial activities with confidence. This commitment aligns with the ethos of Bitcoin itself – a decentralized and secure form of digital currency. Yala Protocol's dedication to these principles establishes it as a reliable platform for users seeking to participate in the decentralized financial ecosystem.
Network Collaboration:
Yala Protocol recognizes the importance of collaboration in the blockchain space. The project actively engages with leading networks to contribute to the growth of the #Bitcoin ecosystem. By working hand-in-hand with other platforms, Yala Protocol aims to create a robust and interconnected DeFi environment that benefits the entire crypto community.
Key Features for Users:
Yala Protocol offers a range of key features for users to explore and benefit from:
Supply: Users can contribute liquidity to the platform, participating in the growth of the #Yala ecosystem.Borrow: Through a modular #BRC-20 standard, users can create a Vault Modular, initiating the borrowing process with over-collateralization.Liquidity: The platform provides a space for users to engage in liquidity provision, enhancing the overall stability of the ecosystem.Assets: Yala Protocol focuses on native Bitcoin assets, allowing users to work directly with the world's most recognized cryptocurrency.Vote: Users have the opportunity to participate in governance by voting on proposals, ensuring the health and stability of the platform.Liquidations: Yala Protocol incorporates necessary liquidations to maintain platform health and stability.
Takaful Insurance Model:
Yala Protocol introduces the Takaful insurance model, a cooperative insurance system designed to provide protection to participants by sharing risks and offering mutual assistance. This innovative insurance approach aligns with the collaborative spirit of the #decentralized finance space, fostering a sense of community and support among users.
Yala Protocol actively invites users to join its growing community and contribute to the project's development. The White Paper provides in-depth insights into the protocol's design and functionalities. The platform encourages collaboration, welcoming fantastic ideas from the community. Bounties are available for outstanding contributions and suggestions, creating a vibrant and inclusive ecosystem.
Join your communities:
Website:https://yala.finance
Telegram: https://t.me/yala_finance
Discord: https://discord.gg/Ct6VBxTP
Twitter: https://x.com/Yalafinance?s=20
Medium: https://medium.com/@YalaFinance
DYOR and like for more! 👍
🚀 Unisat Ignites a Crypto Revolution! 🌌🛠️
🌐 Breaking News: Unisat is on fire with groundbreaking updates! 🔥 They've just completed the stellar BRC-20 and BRC-20 Swap update, unveiling a proposal for self-minting and destruction functions, setting the stage for the issuance of stablecoins on the BRC-20 protocol. 🚀💱
💡 What's Next? Unisat is diving into the future with plans to collaborate with indexers, gearing up for the launch of Swap function development. Hold tight, as the specific timeline will be unveiled by L1F next week! 📆🔧
🌐 Open-Source Magic: Unisat isn't holding back – they're set to open-source their sequencer and gradually introduce permissionless Rollup, showcasing a commitment to transparency and community involvement! 🌍🤝
🌌 Fractal Bitcoin Unveiled: Unisat spills the beans on the internal Fractal Bitcoin testnet, running seamlessly for a month. Wallet integration is a breeze, allowing users to effortlessly switch between the mainnet and the mesmerizing world of Fractal Bitcoin! 💼🔄
🔮 Sneak Peek: Unisat has been cooking up something special – the development of Cursed Inscriptions is complete and in the testing phase. Brace yourselves for an imminent release! 📜🚀
🔍 Runes in the Mix: Unisat is evaluating the integration of Runes into its ecosystem, adding an extra layer of intrigue to their ever-evolving crypto universe! 🤔✨
🌐 Join the Unisat Journey: As the Unisat saga unfolds, stay tuned for more updates and get ready to ride the waves of innovation in the crypto space! 🚀🌌 #Write2Earn #CryptoInnovation #TrendingTopic #BRC-20
🌐 Breaking News: Unisat is on fire with groundbreaking updates! 🔥 They've just completed the stellar BRC-20 and BRC-20 Swap update, unveiling a proposal for self-minting and destruction functions, setting the stage for the issuance of stablecoins on the BRC-20 protocol. 🚀💱
💡 What's Next? Unisat is diving into the future with plans to collaborate with indexers, gearing up for the launch of Swap function development. Hold tight, as the specific timeline will be unveiled by L1F next week! 📆🔧
🌐 Open-Source Magic: Unisat isn't holding back – they're set to open-source their sequencer and gradually introduce permissionless Rollup, showcasing a commitment to transparency and community involvement! 🌍🤝
🌌 Fractal Bitcoin Unveiled: Unisat spills the beans on the internal Fractal Bitcoin testnet, running seamlessly for a month. Wallet integration is a breeze, allowing users to effortlessly switch between the mainnet and the mesmerizing world of Fractal Bitcoin! 💼🔄
🔮 Sneak Peek: Unisat has been cooking up something special – the development of Cursed Inscriptions is complete and in the testing phase. Brace yourselves for an imminent release! 📜🚀
🔍 Runes in the Mix: Unisat is evaluating the integration of Runes into its ecosystem, adding an extra layer of intrigue to their ever-evolving crypto universe! 🤔✨
🌐 Join the Unisat Journey: As the Unisat saga unfolds, stay tuned for more updates and get ready to ride the waves of innovation in the crypto space! 🚀🌌 #Write2Earn #CryptoInnovation #TrendingTopic #BRC-20
Are Bitcoin Ordinals Threatening the Network? ⚠️
Bitcoin Ordinals and #BRC-20 tokens exploit a vulnerability, allowing inscriptions to surpass transaction data size limits.
This issue, flagged by a #Bitcoin Core developer, causes network congestion and higher transaction costs. The latest Bitcoin Knots update aims to fix this, potentially ending new Ordinals and tokens.
However, existing inscriptions will persist. Ocean, a decentralized mining protocol, highlighted this vulnerability fix, aiming for more genuine transactions. Dashjr strongly opposes #Ordinal inscriptions, calling it a damaging attack on Bitcoin and its users.
The network currently faces congestion, with over 275,000 unconfirmed transactions and increased transaction costs.
#Binance
#crypto2023
Bitcoin Ordinals and #BRC-20 tokens exploit a vulnerability, allowing inscriptions to surpass transaction data size limits.
This issue, flagged by a #Bitcoin Core developer, causes network congestion and higher transaction costs. The latest Bitcoin Knots update aims to fix this, potentially ending new Ordinals and tokens.
However, existing inscriptions will persist. Ocean, a decentralized mining protocol, highlighted this vulnerability fix, aiming for more genuine transactions. Dashjr strongly opposes #Ordinal inscriptions, calling it a damaging attack on Bitcoin and its users.
The network currently faces congestion, with over 275,000 unconfirmed transactions and increased transaction costs.
#Binance
#crypto2023
What is #BRC-20 Token ?
The introduction of the BRC-20 Token was initiated on March 8th, 2023, by a Twitter user @domodata
He created the beginning of this Brc-20 Token Standard.
This Groundbreaking Development was started via the Ordinals protocol Across the Crypto community.
With the advent of the new Bitcoin Ordinals protocol, users Can Now create Bitcoin NFTs by inscribing data on a BTC network for the very first time in the history of the Bitcoin currency.
This breakthrough creation brought us non-fungible tokens on the Bitcoin ecosystem. creating a new layer of safety and complexity to the Bitcoin network.
Available Options For Mint New Token Or Trade Minted Token :--
1 :- Unisat.io
2 :- https://ordinals.com/
#dyor before Any Investments..
Like and Share and Follow My Dear Friends.
Comment For Guidance..
The introduction of the BRC-20 Token was initiated on March 8th, 2023, by a Twitter user @domodata
He created the beginning of this Brc-20 Token Standard.
This Groundbreaking Development was started via the Ordinals protocol Across the Crypto community.
With the advent of the new Bitcoin Ordinals protocol, users Can Now create Bitcoin NFTs by inscribing data on a BTC network for the very first time in the history of the Bitcoin currency.
This breakthrough creation brought us non-fungible tokens on the Bitcoin ecosystem. creating a new layer of safety and complexity to the Bitcoin network.
Available Options For Mint New Token Or Trade Minted Token :--
1 :- Unisat.io
2 :- https://ordinals.com/
#dyor before Any Investments..
Like and Share and Follow My Dear Friends.
Comment For Guidance..
Bitcoin Dogs’ Rare BRC-20 ICO Starts Today. What Investors Need to Know.
#Write2Earn Bitcoin Dogs‘ rare #BRC-20 presale starts today, heralding a new era for the cryptosphere. It’s the first-ever ICO of its kind; a token on the Bitcoin blockchain. Bitcoin Dogs offers a unique investment opportunity that’s set to revolutionize and revitalize both cryptocurrency and the NFT market.With the presale window closing on Friday, the 15th of March, early participants can be at the forefront of this movement. Bitcoin Dogs combines the innovation and security of Bitcoin (#BTC ) with an immersive gaming experience and an exclusive NFT collection. All while becoming the token that will likely reshape the landscape of digital collectibles and gaming. Read on to learn how.What is Bitcoin Dogs?Making history as the first BRC-20 token presale, Bitcoin Dogs is a vivid illustration of innovation, combining the thrill of gaming with the exciting world of NFTs, all while paying homage to the legacy of Bitcoin.Bitcoin Dogs is unleashing the 0DOG coin, symbolizing the beginning of what could well be a seismic shift from the predominantly Ethereum-based presale tokens to those on the Bitcoin blockchain. The project reflects the estimated number of dogs on our planet; 900 million 0DOG tokens will be minted, with any stray (remaining) 0DOG tokens being put down (burned). Each token offers holders access to an exclusive NFT collection and a social gaming ecosystem. Drawing inspiration from Web3 gaming experiences like Axie Infinity and Tamagotchi, the project offers an escape from reality into a world of raising virtual dogs in competitive and collaborative environments. After all, it’s a dog-eat-dog world.With the Bitcoin halving on the horizon and all signs pointing towards a bullish 2024 for the $BTC market, Bitcoin Dogs is poised to lead the pack. This initiative represents a unique opportunity to be part of something groundbreaking as the NFT and Web3 worlds migrate to the Bitcoin blockchain.The Bitcoin Dogs presale, limited to 30 days, underscores the exclusivity and urgency of the opportunity on offer. Given how innovative and early Bitcoin Dogs is in the BRC-20 and Bitcoin NFT space, early investors have the potential to see returns that are as unprecedented as the project itself.How does Bitcoin Dogs work?Bitcoin Dogs is more than just a token— it’s a community where dog enthusiasts and Bitcoin aficionados converge to share in the joy of raising virtual pets. From dog training sessions to addictive competitions, Bitcoin Dogs offers a range of activities, all enhanced by social interactions that accelerate your virtual pet’s evolution within the game.This groundbreaking NFT collection, implemented via Bitcoin Ordinals, is accessible exclusively to token 0DOG holders, but Bitcoin Dogs aren’t just collectible. They represent a unique range of tradable assets with varying rarity levels, from the common tail-waggers to the prestigious and extremely rare OG Dogs – only 8 of which will be minted. With 10,000 unique NFT tokens, from the ultra-rare OG Dog to the more common Sausage $0DOGs, owners are set to adopt companions in a vibrant metaverse under development. Essentially, Bitcoin Dogs are NFT collectibles integrated within an immersive gaming environment. The project’s presale phase enables investors to secure 0DOG tokens by purchasing on the ERC-20 platform, whilst submitting a BTC address. When the presale concludes, those tokens will be converted into BRC-20 tokens on the Bitcoin blockchain and investors will receive a transfer to their Bitcoin wallet addresses. Is Bitcoin Dogs a good investment?With the Bitcoin ETF starting to show some positive market signals and anticipation boiling for the Bitcoin halving, the spotlight is ready to turn towards innovative ventures on the only blockchain platform that matters.As the inaugural BRC-20 token presale on the Bitcoin blockchain that combines with a Bitcoin ordinals NFT collection, Bitcoin Dogs offers investors a unique entry point for NFTs. Not on Ethereum or Solana, but on The Dogfather of all blockchains: Bitcoin. This special position gives it serious market clout.Bitcoin Dogs aims to captivate those who may have felt left behind during the overhyped NFT surge, by offering another go at being first. Plus, the NFT market is set for a resurgence in 2024, according to multiple reports, namely those in CoinDesk. This makes both projects like Bitcoin Dogs and NFTs as a whole exciting investment opportunity for 2024.Also, by moving to a platform known for its security and global brand, Bitcoin Ordinal NFTs can be expected to become more of a mass-adopted item, ultimately boosting the credibility of digital ownership. Of course, the first to benefit from this will be Bitcoin Dogs, which should see the prices not just going for a walkie but unleashed and sprinting with the unstoppable zeal of a greyhound in full stride.Final thoughtsWith all this innovation, optimal timing, and a favourable market outlook, it #signals an exciting opportunity for growth. Bitcoin Dogs is the first-ever ICO on the Bitcoin blockchain and is set to capture the attention of NFT enthusiasts, the Web3 community, and Bitcoin maximalists.In an industry where timing and innovation are paramount, getting in early on Bitcoin Dogs offers the chance to capitalize on the first-ever BRC-20 token presale. Take advantage of this trailblazing opportunity to be part of blockchain history today.Disclaimer and Risk WarningThis is a guest post. @WISE CRYPTO NEWS does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. @WISE CRYPTO NEWS should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.#TrendingTopic
Learn more about BRC-20 tokens!💡 Coming to #SafePal soon!👀
Piqued your interest? Here are some of the trending #BRC-20 projects
📌Disclaimer: This infographic is purely for informational purposes & not financial advice
Always DYOR before any investment decisions! 👇
More tutorials & guides available at:
📖SafePal Academy: blog.safepal.com
📹Youtube channel: youtube.com/SafePalWallet
Download SafePal wallets: safepal.com/download
Piqued your interest? Here are some of the trending #BRC-20 projects
📌Disclaimer: This infographic is purely for informational purposes & not financial advice
Always DYOR before any investment decisions! 👇
More tutorials & guides available at:
📖SafePal Academy: blog.safepal.com
📹Youtube channel: youtube.com/SafePalWallet
Download SafePal wallets: safepal.com/download
Breaking: Bitcoin Ordinals And BRC-20 Will Cease To Exist, Says Bitcoin Core Dev Luke Dashjr
#BinanceTournament Bitcoin core developer Luke Dashjr remarks Inscriptions as a vulnerability and Ordinals and #BRC-20 will cease to exist after v27 update.#BitcoinCore developer Luke Dashjr on Wednesday said “Inscriptions” are exploiting a vulnerability in Bitcoin Core to spam the blockchain, causing network congestion. Once the vulnerability is fixed before v27 is released next year, Ordinals and BRC-20 will cease to exist. The ordinals and BRC-20 users and miners are criticizing the decision of Bitcoin developers. Traders reacted immediately and #ORDI price fell 15% in an hour.Bitcoin Core Dev Remarks Bitcoin Ordinals and BRC-20 As SpamBitcoin core developer Luke Dashjr took to X on December 6 to reveal that developers are trying to take out Bitcoin inscriptions before the v27 update next year. It means ordinals and BRC-20 will no longer exist.Luke Dashjr clarifies that Bitcoin Core has allowed users to set limits on extra data size in transactions through the “-datacarriersize” setting since 2013. However, Inscriptions have found a way to bypass this limit by obfuscating their data as program code.“This bug was recently fixed in Bitcoin Knots v25.1. It took longer than usual due to my workflow being severely disrupted at the end of last year (v24 was skipped entirely), he added.Bitcoin Core remains vulnerable in its upcoming v26 release. He hopes for a resolution before the release of v27 next year.He further clarifies community questions over miners losing income if ordinals and BRC-20 cease to exist. He said Bitcoin works in consensus with a majority of miners being honest, and not harming the blockchain. For some reason, the spam-filtered blocks have higher fees.Correct— Luke Dashjr (@LukeDashjr) December 6, 2023Crypto Community ReactsThe crypto community has criticized the move to end support for ordinals and BRC-20 next year. Miners profits improved as a result after Bitcoin ordinals and BRC-20 introduction to the community.Shenyu, co-founder of f2pool, said “Bitcoin is not Ethereum, and developers do not have full decision-making power.”Luke Dashjr said entities running the Bitcoin node consented to financial transactions. Many complained after they were forced to consent to inscriptions, which is spamming. The data size use is impacting Bitcoin blockchain, despite various attempts by developers to resolve it.Upbit recently reported facing $BTC withdrawal delays on the exchange due to congestion of the Bitcoin network.$ORDI price fell 15% from 24-hour of $65.19 after the news, with the price currently trading at $51.89. The trading volume has increased by 25% in the last 24 hours.#Memecoins 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. @WISE CRYPTO NEWS
