1. In the past two days, many people have been wondering why Judy's newly released DFS project still seems to have an EOS architecture. Is this any different from the previous DFS? At the beginning, I also had doubts in this regard. In the past two days, I thought about it carefully and began to understand Judy's approach a little bit. I couldn't help but share it with everyone, hoping to seek common ground while reserving differences and have a friendly discussion. 2. First of all, we need to know the fact that in the current world, there is no real side chain or L2 available that completely relies on the BTC chain. Currently, on the BTC chain, the function of issuing coins can already be realized through protocols such as BRC20. , but further smart protocols such as mining/trading/lending functions cannot be realized yet, so can inscription coins such as SATS/ORDI just lie in their addresses and sleep? Is there any transition plan that can allow these inscription coins to perform mining/trading/lending and other DEFI functions? In fact, there are some, such as cross-chain mapping, mapping Inscription coins to the Ethereum chain 1:1, and then DEFI on the Ethereum chain. Currently, the MUBI cross-chain bridge can do this, and cross ORDI to the Ethereum chain for transactions. But there are very few people using it. Why? GAS is too expensive. DEFI on the Ethereum chain has always been the patent of large households. Small households usually go to BNB/POLYGON/ARB and other EVM chains or ETH2 layers to play. GAS The cost is relatively cheaper. 3. Therefore, the current so-called Bitcoin side chain or L2 is actually a transitional solution. They all cross the Inscription Coin from the Bitcoin chain to other chains, and then realize complex functions such as mining/transactions. The difference lies in the cross-over. On any chain, other solutions are to directly cross to a ready-made chain. For example, MUBI’s solution is to cross to the Ethereum chain, which is simple and trouble-free. However, the project team does not care about helping you cross the currency. Your ORDI On the Ethereum chain, you can only trade or lie in the address and sleep. 4. Judy naturally cannot transcend this era, so although his ultimate goal is to build a Bitcoin side chain, he can only start with a transition plan. To put it simply, he wants to start with a cross-chain, but he does not You are not satisfied with simply choosing a ready-made public chain and crossing the inscription over it. He is a capable technical geek. He has been immersed in various public chain technologies on the market for a long time. He has thoroughly studied the advantages and disadvantages of the endless public chains. He may have always planted the seed of a public chain in his heart. .Now, the opportunity has come, the Bitcoin ecosystem has begun to rise, and it is now the L2 transition stage. He wants to integrate what he has learned throughout his life and work hard to create a new public chain. This public chain is different from existing public chains such as ETH/EOS. Integrating his research experience on various public chains over the years, and learning from each other's strengths in technology, this public chain incorporates Judy's many years of experience and thinking in terms of account system, ease of use, operating efficiency, operating costs, and security. At first glance, many people think that the new chain run by the new DFS is very similar to the original EOS chain. That is because Judy currently uses a lot of EOS technology on this new public chain. Why does it use EOS technology? Naturally It's because Judy believes that EOS technology has many merits. 5. Objectively speaking, the technology of EOS itself is indeed very powerful. In terms of operation confirmation speed, GAS fees, etc., it beats almost all public chains in the world. Therefore, when EOS was launched, it was sought after all over the world and easily raised funds 40 Billions of dollars, becoming the most dazzling star in those years. Unfortunately, although EOS technology is awesome, it is entrusted to no one. The founder of EOS, B1, and the EOS Foundation are constantly in internal strife and are unwilling to make progress and enjoy themselves. No one cares about the management and promotion of currency price and market value. Ecological construction has brought a super project with god-level technology to its deathbed, which is still regrettable by the entire currency circle. 6. In the currency circle, technology only accounts for a small part of the factors that determine the success or failure of a project. A larger part depends on the proper operation of the project side. EOS technology scores 90 points, operation -50 points, and the total score is 40. Ethereum technology 70, operation 90, total score 160, how to win? It’s strange that EOS doesn’t lose. 7. Although EOS lost, its technology is still open source, and it is still the best in the currency circle in many aspects. It is still being used for reference by other public chains, benefiting various subsequent projects. Many people subconsciously look down on EOS technology because of the failure of EOS currency prices. However, they do not know that many public chains and projects that are now familiar to everyone have more or less borrowed and integrated EOS technology behind them. For example, the current market value is 10 billion US dollars. , Tron Chain, which ranks 13th in the currency circle, draws on the design of EOS mortgage energy and bandwidth to use resources to facilitate professional users and project developers. Currently, most USDT transfers in the currency circle are done on the Tron Chain. To be sure For example, EOS technology is behind these tens of billions of dollars of transfers every day. Knowing this, do you still look down on EOS?8. Now, Judy also wants to build a new public chain. As a transitional side chain for BTC, how can it be quickly launched and usable under the existing technical conditions? Can it also continue to evolve, track the latest technological developments of the Bitcoin ecosystem at any time, and be ready to carry out dual-chain docking and transform into a real BTC side chain? 9. Judy looked around at the dozens of public chain technologies. Several years have passed, and EOS is still the strongest in the currency circle in many aspects. Let’s use it as a reference, so users can also experience it on this new chain released by Judy. The lightning operation experience is confirmed in seconds. Don’t users like this silky smooth experience? Do they have to wait at least several seconds for each operation like the Ethereum chain and EVM chain to be happy? 10. For example, Judy chose to abandon the RAM memory system of the EOS chain that was criticized by everyone, such as the difficulty of understanding and operating it. Instead, she drew on the common practices of other public chains such as ETH. Users only need to put some main chain currency DFS in their accounts for GAS. You can operate it at will without worrying about anything else. 11. Another example is the account system of the new chain. Judy also abandoned the registration mechanism of the EOS chain that was criticized by users in the past, and chose to adopt the AA account system that has become popular in the past two years, using the cloud to save user accounts and PASSKEY (currently Binance's web3 wallet also uses this method), but due to the differences in technical environments and user habits at home and abroad, the current cloud account system is not convenient for domestic users to use. Judy also realized that he had misjudged and the matter was solved. It is also very simple. If there are mistakes, just correct them. If users have reasonable needs, just satisfy them. So he quickly tweeted a response on the second day after the new chain mining was launched. In the future, functions such as private key export will be added to suit users' usage habits. 12. In summary, this new chain is the result of Judy, as a senior technology geek, standing on the shoulders of many giants, drawing on many existing mature public chain technologies, while also integrating her many years of technical thinking and innovation. As a result, he has created a completely new public chain. He has not given this chain a formal name yet, so I will just call it Judy Chain. 13. Judy Chain has just been launched, and there are still many obvious shadows of the technology of other chains, but at least its first version of the product has been made and is running online. Compared with the countless coins in the currency circle that only have PPT, the product launch is far away. Projects worth several hundred million coins are much better. At least this makes us feel that Judy is a real person who does things, has technology, ideas, and high efficiency. Moreover, this public chain will iterate rapidly and continue to Evolution, the future holds endless possibilities.14. Some people who like to find faults may stand up and say with their hands on their hips that this is just a stitching monster. Indeed, the shadows of many public chains such as EOS/ETH/POLYGON/SOL/NEAR can be seen on Judy Chain, but this The reference and integration of these technologies is normal in the currency circle. No one is stupid enough to reinvent the wheel. According to the logic of these people, the elliptical encryption algorithm used by BTC was not invented by Satoshi Nakamoto. The data used by ETH is packaged into blocks. The practice of linking blocks into chains was not pioneered by Buterin, so are BTC and ETH also stitched together? Everyone should be more tolerant, more patient, and pay more attention to the innovation of the project. 15. Thinking further, the future currency circle may be unified by thousands of chains, and all chains may be truly connected with the BTC chain in some way in the future, sharing the security and traffic of the BTC chain, and thus truly becoming BTC side chain or L2, then, in principle, all current chain technologies can be used for the Bit ecosystem. Judy Chain is making this attempt, but this is just the beginning. How far we can go in the end, we will see as we go. Bar. 16. Moreover, in the current currency circle, Judy Chain is currently the only place where popular inscription coins such as SATS cross-chain transactions and group LP mining can earn interest. For this reason, on the road to the real BTC side chain, Judy Chain It is already a small step ahead of other chains. 17. Although many people are temporarily blocked due to the cloud account registration problem of Judy Chain, or they feel that Judy Chain's Great Harvest Project has many similarities with the EOS Chain's Great Harvest Project, so they are suspicious and are not optimistic about the future of Judy Chain. , these views are understandable. After all, it is always right to have a firm hand in the currency circle, and only differences can lead to transactions. 18. Let’s look back at history. Back then, Judy led the Great Harvest project to guard the EOS chain alone, and single-handedly supported the TVL and activity of the entire EOS chain. At its peak, there were thousands of miners and a TVL of hundreds of millions of dollars. What a Brilliant, and the final ending is so tragic. If B1 had half as much effort as Judy, how could EOS end up like this? If the identities of the two parties could have been exchanged back then, perhaps today's currency circle would be more interesting. 19. So was the original Big Harvest a failed project or a successful project?Think about the original Stepn running shoe project and Raca's Yuan Beast project. According to the rules of success and failure, these may be considered failed projects, but don't these projects have any value? These projects must have poor capabilities and are not worth it. Trust? If the Stepn running shoe project team started a business again now, would you sneer at their new project? Compared with the other 99% of entrepreneurs and projects in the currency circle that were born and died in obscurity, these projects that were once brilliant even if they did not persist to the end are already rare and valuable. I believe that Judy, as a serial entrepreneur, has created miracles on the EOS chain. Now, on the Judy chain, which integrates multiple chain technologies, combined with the accumulation of technology and experience in the past few years, the tools and funds available to him are even better. It has more technical freedom, richer and more mature ideas, and stronger control over the entire chain. With the help of the rise of the Bitcoin ecosystem, this new Judy chain should also have more possibilities. 20. The New Harvest Project is the first project of Judy Chain, but it will never be the only project. This should be just to facilitate the launch of the public chain. It is the first growth flywheel put down by Judy. After all, although the Great Harvest project failed on EOS , but after all, it is well-known, and many of the original users and miners are still there. Using the name of the old project to attract seed users to launch the new public chain, it will naturally fall into place. Otherwise, if a new public chain is suddenly released without publicity, money, or subsidies, who will Bird you? Who's coming to play? Thinking of this, we may have a better understanding of Judy's approach. After all, starting a business is difficult and it cannot be done by just placing two orders on the exchange. 21.DFS is the main chain token of Judy Chain, with a total supply of 10 million. The current circulation is about 3.5 million, and 6.5 million will be released through mining. The release cycle is about 16 years. The current price is 4 yuan per piece, the full circulation market value is 40 million US dollars, and the current circulation market value is 14 million US dollars. Is it high? Think about those MEME coins that have a market value of tens of millions of dollars within a few days of their release, think about those PPT projects that can be airdropped on a website and have a market value of hundreds of millions, think about those on exchanges that you have only heard about, but no one has ever seen. Various project tokens with a market value of hundreds of millions and billions of dollars have been used in its products. Now the Judy Chain can be seen, touched and used. The founder of the project is prestigious, experienced, capable and ambitious, and there are a large number of original Start-up users are following closely, and the overall market value of the entire chain is only more than 10 million US dollars. Moreover, it is not a bear market but a bull market. If you think this valuation is too expensive, then I won’t say anything.22. Finally, to summarize, Judy has released a new public chain, which I will call Judy Chain for now. It is a new chain that integrates the technologies of multiple chains such as EOS/ETH. It is currently positioned as a BTC side chain in the transition period and has been initially To realize the cross-chain/mining interest-earning functions of Inscription Coin on BTC, the goal is to achieve true integration with the BTC chain in the future, share the security and traffic of the BTC chain, and become a truly important side chain of BTC, and is currently leading to the BTC side. On the way to the unity of Wan Lian, Judy Lian temporarily maintained the lead. 23. The Bitcoin ecology is in the ascendant, and the curtain of a new era is slowly opening. Everyone knows that the Bitcoin ecology is the theme of this round, but there are currently very few truly available projects. Judy Chain is considered a rare possession in this field. One of the projects with preliminary available products, big track, small valuation, whether you are optimistic about it or not, I think you can at least make a nest in this project and take a look, the odds should still be good. 24. I am not acquainted with Judy, nor have we had any interaction or communication in history. The above content is only my personal speculation as an ordinary old user of Dafeng Harvest based on the current observed situation. If there is any deviation from the facts, , please forgive me.
Reviewing the characteristics of coins that increased 100 times in the last bull market: How to plan for the new cycle in 2024?
In every crypto market cycle, some 100-fold or even 10,000-fold coin projects will be born. As long as you can catch one or two, your overall income will increase a lot. In fact, in 2023, many 100x coin projects have been born, such as the meme currency sector, brc20 sector, etc. There have been many 100x coin projects, but very few have been able to seize the opportunity. But there is never a shortage of opportunities in the crypto market. If you miss it, you will miss it. New 100x coin projects will inevitably appear in the future. The important thing is how we can seize these opportunities. In order to increase the probability of catching 100x coin projects, we might as well start with the 100x coin projects that appeared in the previous cycle and see what characteristics these 100x coins have. This may provide us with some useful clues. 1. Characteristics of 100x coins in the last bull market 1. Track L1: 14 L2: 2 MEME: 3 GameFi: 5 DeFi: 3 IOT: 3 NFT: 2 Cross-chain: 3 Cloud Computing: 2 Metaverse: 2 Oracles (oracles): 1. It can be seen that among these 61 100x coin projects, L1 has the highest proportion. The reason why L1 accounts for the highest proportion among the 100x coin project is also related to the encryption industry background of the last market cycle. In the last cycle, the Ethereum public chain was the only one, and it was still in the PoW era. Not only was the transaction gas fee high, but TPS was relatively low, and the transaction confirmation speed was slow. A CryptoKitties game almost brought down the entire Ethereum network. For that time For Ethereum, it is difficult to support the large-scale application of blockchain technology. Under such an industry background, more and more L1 blockchains are emerging, dedicated to solving the outstanding problems faced by the Ethereum blockchain, so L1 accounts for the highest proportion in the 100x coin project. After the infrastructure construction and precipitation in the last market cycle, the problems faced by the Ethereum blockchain such as high gas costs and slow speed have been basically solved. Not only L1 blockchains such as Solana have emerged, but also OP, Arb, etc. L2 blockchains, these blockchains greatly reduce transaction fees and increase transaction speeds. In the meme currency sector, hundreds of times coins such as doge and shib were born, which has a lot to do with Musk’s mere mention on Twitter. In addition to L1 and meme, in the last round of DeFi bull market, some 100x coin projects also appeared in the DeFi sector. In addition, many 100x coin projects were also born in the GameFi sector.The 100x coin projects in each market cycle are closely related to the hot narrative of the current market. In this cycle, the probability of a 100x coin project appearing on the L1 track is low because of the performance and transactions faced by L1. The cost issue has basically been solved well by L2 and others. 2. The market value ranking quotes the analysis of Rooky_Bitcoin. From the market value ranking, in March 2020, among the top 600 currencies by market value, 61 hundred times coins (secondary market) were born. There are 11 companies in the TOP100 in market value, accounting for 18%. There are 21 companies in the TOP100-TOP300 in market value, accounting for 34.4%. There are 22 companies in the TOP300-TOP600 in market value, accounting for 36%. Therefore, among the TOP300 coins by market capitalization, 32 100-fold coins were born, which is basically equivalent to 10 coins. One of them is a 100-fold coin, which is equivalent to one out of ten. 3. As you can see from the holding time, each of the 100x coins mentioned above has a holding time of more than one year. Moreover, the low time of the buying price and the low time of the Bitcoin price are basically synchronized, and the time of the high selling price and the high price of Bitcoin are also basically synchronized. As we all know, the price of Bitcoin has reached a double top in 2021. The first breakthrough of 60,000 US dollars was in March and April, and the second breakthrough was in November. It can be seen that most of the selling high points of these 100-fold coins are also at the same time. They are distributed in March, April and November. 4. Price From the prices of these 100x coin projects, we can see an obvious pattern, that is, the prices are generally relatively low. More than 50 of the 61 projects have purchase prices lower than 1, that is, with There are decimal places. The reason for this pattern may be that people tend to buy these lower-priced tokens, so that the number of holdings will be larger. Although the total value remains unchanged, at least the number of holdings will appear to be larger. For these prices with multiple decimal places, every 0 eliminated represents a 10-fold price increase. Human nature being what it is, people are often irrational when trading. 2. Each cycle of the 100x coin track in this bull market has its own mainstream narrative, so we can only use it as a reference for the patterns presented by the 100x coin project in the previous cycle.Because the market environment is very different from the previous cycle (of course some internal logic has not changed), we can make some predictions based on the current market trend. 1. Bitcoin Ecosystem In the current bull market, the Bitcoin ecosystem is undoubtedly the most outstanding performer. The basic protocol Ordinals has completely opened up the Bitcoin ecosystem. The DeFi in the previous bull market will be replicated in this round of Bitcoin. Coin ecology. Moreover, compared with other public chain ecosystems, Bitcoin has gained a wider consensus. It is the underlying basic asset of the encryption market. The potential released by the Bitcoin ecosystem will be far greater than that of other public chain ecosystems. Therefore, the market value of DeFi applications in the Bitcoin ecosystem will most likely be much higher than the market value of DeFi applications in other public chain ecosystems. When valuing DeFi applications in the Bitcoin ecosystem, you might as well be more imaginative. At present, in the Bitcoin ecosystem, there are actually many hundred-fold or even thousand-fold coin projects in DEX, Lending, oracles, Bitcoin second-layer and other tracks. Inscription tokens like ORDI are all more than 10,000 times. increase. However, for the current Bitcoin ecosystem, it can be said that the landscape is undecided, and every project has the opportunity to become the leader in its field. Although Multibit (MUBI) is the leader in cross-bridge chains and Bitstable is the leader in stablecoins, the official website of the project has been launched and a lot of actual data has been generated, and it is currently in the leading position in its segmented track. However, for subdivided tracks such as DEX, Lending, Staking, derivatives trading, oracles, there is currently no obvious leading project, and many projects are even still in the concept stage, and the websites have not yet been launched. In these subdivided tracks of Bitcoin DeFi infrastructure, there will definitely be more ten-fold and hundred-fold coin projects in the future. In addition to replicating the craziness of Ethereum’s DeFi, Bitcoin does not rule out the possibility that there will be some subdivided tracks that are only suitable for the Bitcoin ecosystem in the future. In addition, Bitcoin also faces similar problems to Ethereum, such as slow transaction confirmation speed and high gas costs. These problems are even more serious in the Bitcoin ecosystem, which provides opportunities for Bitcoin’s Layer 2 solutions. . There are already many projects working on Bitcoin Layer 2. In the future, there will be some high-quality projects that are ten times or even a hundred times more likely to be born on the Bitcoin Layer 2 track.In fact, the future outline of the development of the Bitcoin ecosystem seems to have become increasingly clear. Coupled with the halving of Bitcoin production, spot Bitcoin ETFs, etc., the Bitcoin ecosystem will give birth to the most 100x coin projects, so we must pay more attention to it. In short, in this bull market, the Bitcoin ecosystem is a major narrative, and more high-quality projects with high returns will surely be born. 2. Solana Ecosystem In addition to the Bitcoin ecosystem, there is a high probability that the Solana Ecosystem will produce some high-quality 100-fold projects. Compared with Ethereum, the Solana ecosystem deserves more attention. Whether in terms of gas fees or TPS, Solana is superior to Ethereum. This year, the Solana ecosystem has performed unexpectedly. Not only has TVL surged, but most of the Solana ecosystem DeFi platform tokens have skyrocketed this year, and multiple 10x currency projects have emerged. Moreover, the airdrops of projects in the Solana ecosystem are also relatively strong. This year, many airdrop projects in the Solana ecosystem have been issued. In addition to DeFi, the leading projects in the current popular DePIN track are basically built on Solana, such as Helium, Hivemapper, Render, etc., which are all current popular DePIN projects, and they are also star projects in the Solana ecosystem. . In addition, popular meme coins such as BONK and Silly were also born in the Solana ecosystem. These meme coin projects have brought popularity to the Solana ecosystem and brought more users and funds. More users and funds are pouring into the Solana ecosystem, so the Solana ecosystem is very worthy of our attention and layout. In this bull market, you can pay more attention to Solana DeFi, meme coins, and other subdivided tracks in the Solana ecosystem, and you can usually experience more applications in the Solana ecosystem. 3. New tracks (DePIN, DeSoc, DeSci, etc.) Of course, the above classification is only based on the public chain ecology. From the perspective of the public chain, Bitcoin and Solana ecology will be the most born in this bull market. 100 times coin project. In addition, with the continuous improvement of blockchain infrastructure, the application of blockchain technology is also expanding into traditional fields, resulting in the birth of some new tracks, such as DePIN, DeSoc and DeSci. These traditional fields are applying blockchain Chain technology is used to integrate resources.The DePIN track has performed very well this year. Many projects have increased by more than 10 times this year. The DeSci track has also performed well recently. Moreover, many cryptocurrency research institutions are optimistic about the development of the DePIN/DeSci track in 2024. There is a high probability that these new tracks will also give birth to a number of 100x coin projects. They deserve more attention. You can usually explore more high-quality projects in this track. project.
Binance announced that it will list sats. For those who have always been optimistic about Inscription, this is expected. The Bitcoin ecosystem has been further consolidated.
But before Fud BRC20 people were slapped in the face by PiaPia.
This time ORDI should be priced above 100U. In the near future, it will be difficult to buy ORDI within 100U. $ORDI
After Bitcoin Core developers issued warnings and threatened to remove Bitcoin Inscriptions, the U.S. NVD agency recently also sided with the opposition, calling on the community to be vigilant about Inscriptions.
In particular, to illustrate his argument, NVD also quoted Bitcoin Core developer Luke Dashjr. Luke Dashjr accuses Inscription of mining Bitcoin Core vulnerability to network parasite.
— Luke Dashjr (@LukeDashjr) December 6, 2023 PSA: “Inscriptions” are exploiting vulnerabilities in Bitcoin Core to parasite the blockchain. Since 2013, Bitcoin Core has allowed users to set limits ("-data carrier size") on the size of additional data in transactions they relay or mine. By obfuscating their data into program code,...
It is understood that the National Vulnerability Data (NVD) is a project of the National Institute of Standards and Technology (NIST), an agency under the U.S. Department of Commerce. NVD provides information about software security vulnerabilities, helping individuals and companies research the automation of vulnerability management and other security and compliance goals. In terms of inscription, this is what is engraved on the sat to make a Bitcoin NFT (Bitcoin Ordinal). However, Bitcoin does not have its own standards for making NFTs.
It can be seen that since its birth on January 3, 2009, the only application of Bitcoin is still to store value. Although Bitcoin still works well, developers don't want to stop there. They want the Bitcoin network to be busier and more usable. With this ideal in mind, software engineer Casey Rodarmor created Inscription. In mid-2023, Ordinals appeared and exploded on the market, causing transaction fees to rise and the Bitcoin network to be clogged multiple times. This resulted in the community becoming divided over improving the suitability of the Bitcoin network. $BTC
There is a good bid in the primary market, and it is currently not listed on any CEX.
This kind of good price belongs to the kind who want to increase their position when the market dips.
Once you buy her, be prepared to return it to zero, or not look at it for a year or two. But the space it can bring to people is worthy of endless reverie.
After all, there have been so many wealth-making myths created in the meme sector before.
Ordinals wallet officially supports doginals protocol transactions and pinned it on Twitter
Original text: MUCH WOW 🐕Introducing Doginals on Ordinals Wallet!Buy, sell & collect Doge inscriptions and DRC-20 right now on doge.ordinalswallet.com (desktop only) LIKE RT REPLY LETS GOOOO 🚀🚀🚀Then the inscriptions in doginals $FIWB and $dogi rises in response
I asked my friend to ambush the leader of LTC20, $LITE, but he didn’t listen to me and now his legs are broken. At present, the circulating market value is only over 1 million U.S. dollars, and the potential is still huge. You can buy it directly on Sesame. In addition, I will recommend another RC inscription to X friends next week. It is currently at the bottom of history😏