What is BRC 20?

I believe everyone has heard about $Sats’ recent listing on Binance Exchange. The listing of $Sats not only doubled his own net worth, but also greatly increased the net worth of brothers and sisters in the entire BRC-20 sector.

We just recommended $Sats to you two days ago, and the next day it was officially announced to be listed on Binance, and it took off directly. The brothers in the group who followed our steps made a lot of money, and the brothers who didn’t get on the train may be slapping their thighs. Brothers who haven’t joined the group should hurry up, don’t you feel jealous when you see others making money?

Among them, the increase of $Rats reached 150%! Some bloggers also found that the market value of $Sats exceeded that of the leading $Ordi.

Is the leader of BRC-20 going to change hands? Remember a few months ago, $Sats was just a small inscription that was ridiculed and controversial. How did it complete a triple jump in status in just a few months, and even surpass the market value of the leader $Ordi? Let's take a look at the past and present of $Sats today:

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There are many Bitcoin inscription tracks, protocols and tokens. Why did Binance choose sats?

According to the announcement, sats is a BRC-20 token that pays tribute to Satoshi. Sats is the abbreviation of satoshi, the smallest unit of Bitcoin, and one satoshi is equal to 0.00000001 BTC.

As the first BRC-20 token deployed, Ordi has a first-mover advantage in terms of time, but as a meme coin, the meme attribute of sats is to surpass Ordi:

1. The impossible task was accomplished historically. The total amount of sats is 210 trillion, which is the same as the number of Bitcoin satoshis. It is a huge project to mint all the coins at one time. Therefore, there are many sats holding addresses, a good mass base, and a large overseas audience.

2. The natural condition of meme coin is that it has many zeros and a large quantity. The price of sats currently has 6 zeros after the decimal point. There are still 5 zeros to go before it can increase 100 times, and 4 zeros to go before it can increase 1,000 times. The movement to get rid of zeros has just begun!

3. The increase in sats is not high. Compared with the inscription tokens, which have increased by tens of thousands of times, the current increase in sats is only about 50 times, and the possibility of being a buyer is greatly reduced.

4. The name sats is consistent with the basic unit of Bitcoin, Satoshi, and has strong commemorative significance. It is Bitcoin in a new coat and is the soul carrier for realizing Satoshi Nakamoto's vision of fairness, decentralization, and small payments.

5. Ordi and sats are both developed by Unisat. As one of the powerful companies, and the miners as the beneficiaries of the ecosystem, the driving force behind Unisat should not be underestimated.

6. SatS is also endowed with practical attributes. In the future, SatS may be used as the gas fee for swaps, and Ordi/Sats will most likely become an anchor asset in the Bitcoin ecosystem. If you put it in your wallet, you will get an airdrop!

In addition, Binance is going to launch a web3 wallet. If the planners think about the problem from a high-level perspective, if Binance directly launches a wallet, the market response will definitely not make a splash, so it is likely that they want to achieve the effect of an ecological closed loop.

Binance was taught a lesson last time. The launch of Ordi brought about the second bull market in the inscription market, but the wallet did not support it. On the contrary, the OKX wallet took advantage of the opportunity to gain popularity in the industry, with the number of users and activity increasing explosively.

This time, Binance will re-launch its wallet with a coin that has an inscription market that OKX does not have, in order to create a wealth effect and grab traffic, so as to form a closed loop. Sats just meets this condition.

Since Binance has broken the shackles of only the leading Ordi being listed, there will be a third and fourth BRC-20 token listed on Binance in the future.

Like many friends who missed out on sats, they rushed into rats, causing rats to rise by more than 56% in the past 24 hours, and various 20 coins from other chains naturally also saw hope for listing.

The core question is, which coins will have the possibility of being listed on Binance?

1. Atomical Protocol

Atomical Protocol’s ARC20 uses one satoshi to represent the deployed token and removes the four-character limit, allowing for more diverse gameplay.

Leading project: ATOM; unique project: Realm

Each Realm registration is a prefix text, and finally has the pricing power of all suffixes. In terms of basic functions, Realm can be used as a transfer payment address (payment name); in terms of extended usage, there are many usage scenarios such as building communities/DAOs, identity authentication, social profiles, etc., which are also completely in line with our development concept of DID.

2. Rune Protocol

Leading project: Pipe

Casey, the founder of Ordinals, has proposed a method of implementing inscriptions specifically for issuing FTs, namely Rune, which can directly write token data in the UTXO script, which includes the token's ID, output, and quantity.

The implementation of Rune is very similar to ARC20, which directly transfers tokens to the BTC mainnet. The difference is that Rune writes the number of tokens in the script data.

3. Ethereum Inscription

Leading project: eths; Second leading project: ethi; Third leading project: Facet

Now Ethereum Inscription has launched splits and swaps, but the leader, second and third dragons have not yet been listed on major exchanges. Eths and Facet, which have the same positioning, may closely follow Ordi and sats.

For the well-known inscriptions of other chains, corresponding to the protocol, market value, and unit price, please refer to the following figure:

Also included on the bench are:

Bitcoin Inscription BRC100 Protocol: BRC100

Litecoin inscription: LITE

BSC chain inscription: bnbs+bsci

- TRX chain inscription: TRXI

Avalanche Network Inscription: AVAL

FTM chain inscription: fans

zksync chain inscription: zkss

Inscriptions originally referred to digital collectibles (NFTs) burned through the Ordinals protocol, and now have become a new asset Fair Launch that has gained a foothold and is popular in various chains, becoming the biggest theme this year.

This is also unexpected for Ordinals founder Domo, and more creative protocols and projects are expected to emerge in the future.

A brand new situation has emerged. Market players can have more fresh projects to choose from and participate in them in a fair manner. Exchanges at all levels will also launch a new round of traffic competition around the new track of development and growth. Inscriptions provide new income opportunities for the miner group, and the miner group in turn becomes an important driving force for the development of inscriptions. The project community pushes institutions to make important decisions in the development trend.

More importantly, the Bitcoin ecosystem will develop an independent track, which may be an opportunity for chains like Polygon to overtake in the Web3 native layer, and to impact the Ethereum network ecosystem in a new non-copying way. #币安合约锦标赛 #sats #BTC #BRC20

P.S. This article does not constitute any investment advice

I have finished writing. I am Lao K in the cryptocurrency circle, an old investor who sincerely wishes you to get rich in the cryptocurrency circle!