Today, Bitcoin exceeded 70,000 US dollars, and I, a big coin collector, am very happy. Now let’s briefly talk about the inscription track of the Bitcoin ecosystem.
In December 2022, Casey released the ordinals protocol, which enables data to be engraved in a single Satoshi of Bitcoin. This can be images, video, audio, text, or even entire applications. It is completely native to Bitcoin and does not require layer2 solutions. No changes to the Bitcoin protocol are required to work and it is backwards compatible with the network. Then developer Domo created the BRC20 protocol in March 2022.
BRC20 is essentially a Bitcoin NFT. It is a set of data in a fixed format, which is engraved on the coin. Transform satoshis into digital assets with custom properties and rules. Users can engrave inscriptions on satoshis using the BRC20 protocol.
Thereby realizing the Deploy (deployment), Mint (minting) and Transfer (engraving) of the token.
Ordi is the first token deployed on BRC20 on March 8, note that it is the first one. A total of 21 million, with a current market value of US$1.5 billion.
SATS will be deployed on March 9, 2023, with a total of 2,100 trillion units and a current market value of US$1.3 billion.
The deployment time of INSC is March 17, total: 21 million
The current market value is less than US$9 million.
Ordi represents ordinals, Sats represents satoshis, INSC is the abbreviation of inscriptions and the abbreviation of concept IP.
ORDI SATS INSC
Ordinals Satoshis Inscriptions
Ordinal number) (Cong) (Inscription)
These three concepts are the core of the entire field of Ordinals
There are more than 40,000 different inscriptions in the entire BRC20, and there will only be more and more in the future. But there is only one BRC20 token that represents the concept of inscription, and that is INSC.
BRC-20 Inscriptions are well worth the investment, ambush first hand