Are you feeling overwhelmed by the recent surge of terms like Ordinals, BRC-20, Atomicals, and Pipe in the crypto space? If so, don't worry—I'm here to help unravel the timeline and connections between them in a way that even your grandma can understand. Let's break it down without diving too deep into complex concepts.

Chapter I: The Genesis of Ordinals and BRC-20

In December 2022, Casey Rodarmor introduced the Ordinals protocol. It assigned a unique sequence number to each Satoshi, allowing anyone to attach additional data to transactions, such as text, images, or videos. Initially used for creating NFTs, Ordinals gained traction.

In March 2023, an anonymous developer named @domodata introduced BRC-20, a protocol based on Ordinals. This brought a wave of token creation on Bitcoin, causing some tension in the community. The success of BRC-20 overshadowed Ordinals' original purpose of preserving eternal things on the Bitcoin blockchain.

Conclusion 1: In the $Ordi token launch, Casey didn't hold any coins, while @domo reportedly held 1000. Their interaction during an event in Singapore appeared friendly.

Chapter II: Enter Beny with LooksOrdinal, $Trac, and Tap Protocol

Developer Beny became active in the community, creating LooksOrdinal, $Trac, and introducing Tap Protocol, improving the BRC-20 standard. His projects formed an intricate governance structure, with $Trac and $-Tap acting as governance tokens for various protocols.

Conclusion 2: Beny's three projects with intertwined governance mechanisms are a unique approach in the L1 space.

Chapter III: Atomicals Protocol Shines

About three months after Ordinals, an anonymous developer introduced Atomicals Protocol in September 2023. It leverages BTC's UTXO for forging and propagating tokens, aligning more with Bitcoin's principles. Atomicals introduced $Atom, a token mined through CPU mining, adding a technical barrier.

Conclusion 3: Atomicals, developed over six months, emerged as a robust competitor to Ordinals, gaining significant community attention.

Chapter IV: Casey's Response - The Runes Protocol

Casey, not content with BRC-20's impact on Ordinals, introduced the Runes protocol. It aims to create a homogeneous token protocol for Bitcoin, emphasizing UTXO technology. Runes, yet to be officially released, promises to bring additional revenue and developers to the Bitcoin ecosystem.

Conclusion 4: Once Casey releases Runes, it's likely to attract substantial market attention.

In summary, the past six months have witnessed a proliferation of new protocols on Bitcoin. Each protocol brings its unique features and governance mechanisms, contributing to the evolving landscape of Bitcoin's Layer 1 ecosystem.

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