LIVEbrc100-RSM
@skyfly
BTC生态建设者，当前重点建设BTC DEFI赛道，隆重推出该赛道明星项目符文DEFI（RSM）和铭文defi（BRC100），两个项目都是@mikaelBTC创建，项目叙述宏大，项目方持续建设，值得期待！
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Odaily星球日报
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Fractal, OP_NET, AVM, BRC100, programmable runes, what other expansion plans does BTC have?
Since the first quarter of 2024, the speculative enthusiasm of the BTC ecosystem has not been as high as in 2023, but as more and more developers join and become familiar with the BTC model, the BTC ecosystem has made rapid progress in terms of technology, especially in terms of programmable expansion solutions. Trustless labs has previously introduced BTC's L2 and UTXO binding and BTC re-staking. This article will continue to fill in the gaps and introduce the highly popular Fractal Bitcoin and the programmable solutions of BTC metadata protocols such as BRC 20, CBRC, and ARC 20.
Fractal
Fractal is a virtualized version of bitcoin core client software. By recursively creating a tree-like extensible framework, each layer of blockchain can improve the performance of the entire Fractal network. Because of the reuse of the main code, Fractal is instantly fully compatible with Bitcoin and its infrastructure, such as mining. The difference is that Fractal activates the op_cat operator, allowing more logic to be implemented.
Fractal
Fractal is a virtualized version of bitcoin core client software. By recursively creating a tree-like extensible framework, each layer of blockchain can improve the performance of the entire Fractal network. Because of the reuse of the main code, Fractal is instantly fully compatible with Bitcoin and its infrastructure, such as mining. The difference is that Fractal activates the op_cat operator, allowing more logic to be implemented.
inbrc.org
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Binance News
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BRC-20 hard fork successfully activated on Bitcoin mainnet
According to Odaily Planet Daily, the BRC-20 hard fork led by the BRC-100 protocol was successfully activated at Bitcoin mainnet block #859490. BRC-20 asset holders have obtained 1:1 forked assets in the BRC-100 protocol and can query, place orders, and trade forked assets on the BRC-100 Marketplace and index inbrc.org.
The BRC-100 protocol is a scalable DeFi protocol based on Ordinals. Mikael, the founder of the BRC-100 protocol, said that this BRC-20 fork is the first meta-protocol fork, and its goal is to reactivate the inscription ecosystem.
The BRC-100 protocol is a scalable DeFi protocol based on Ordinals. Mikael, the founder of the BRC-100 protocol, said that this BRC-20 fork is the first meta-protocol fork, and its goal is to reactivate the inscription ecosystem.
#BRC100
LIVECryptoNews
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Blockchain Developer to Fork BRC-20 to Bring Defi to Bitcoin
A blockchain developer is set to fork the BRC-20 token standard to introduce decentralized finance capabilities to the Bitcoin network.
A blockchain developer under the alias Mikael.btc, best known as the creator of the BRC-100 token standard, wants to fork BRC-20 in an effort to roll out a new protocol designed to bring decentralized finance to the Bitcoin (BTC) network.
In an Aug. 9 post on X, the developer outlined plans for the fork, emphasizing that the upgrade would address key limitations of the BRC-20 standard, including its “lack of programmability,” scalability challenges, and the absence of defi infrastructure.
BRC-20 Fork: BRC-100, Re-Activate BRC-20#Bitcoin needs DeFi infrastructures, #BRC100 and #RSM are both born to solve this problem, with similar concepts but different technologies: #Inscriptions and OP_RETURN.Now, BRC-20 community and BRC-100 community are going to fork… pic.twitter.com/Qyi2F4wsqx
— Mikael.btc | BRC-100 & RSM (@MikaelBTC) August 9, 2024
According to Mikael.btc, the new protocol will leverage technologies such as Inscriptions — used to add metadata to Bitcoin’s sats — and OP_RETURN — a script that allows data to be stored within transactions — to enhance Bitcoin’s functionality, enabling users to access decentralized finance.
“Every BRC-20 token will be mapped to a BRC-100 token with the same ticker and the same supply. 100% of the new BRC-100 token will be distributed to the holders of the original BRC-20 token, with the exactly same amount as the holdings on BRC-20.”
Mikael.btc
Following the fork, holders of BRC-20 tokens will automatically receive equivalent assets on the BRC-100 protocol, the developer added. However, those with BRC-20 tokens held on centralized exchanges will need to wait for the exchanges to distribute the new forked assets.
The push for defi on the Bitcoin network gained momentum recently after a research report from Pantera Capital, a crypto venture capital firm, projected that the Bitcoin-based defi ecosystem could attract hundreds of billions of dollars in liquidity through web3 protocols, implying that Bitcoin’s defi sector could achieve a market share comparable to that of Ethereum’s.
Read more: Bitcoin layer-2 startup Bitlayer raises $11m
A blockchain developer under the alias Mikael.btc, best known as the creator of the BRC-100 token standard, wants to fork BRC-20 in an effort to roll out a new protocol designed to bring decentralized finance to the Bitcoin (BTC) network.
In an Aug. 9 post on X, the developer outlined plans for the fork, emphasizing that the upgrade would address key limitations of the BRC-20 standard, including its “lack of programmability,” scalability challenges, and the absence of defi infrastructure.
BRC-20 Fork: BRC-100, Re-Activate BRC-20#Bitcoin needs DeFi infrastructures, #BRC100 and #RSM are both born to solve this problem, with similar concepts but different technologies: #Inscriptions and OP_RETURN.Now, BRC-20 community and BRC-100 community are going to fork… pic.twitter.com/Qyi2F4wsqx
— Mikael.btc | BRC-100 & RSM (@MikaelBTC) August 9, 2024
According to Mikael.btc, the new protocol will leverage technologies such as Inscriptions — used to add metadata to Bitcoin’s sats — and OP_RETURN — a script that allows data to be stored within transactions — to enhance Bitcoin’s functionality, enabling users to access decentralized finance.
“Every BRC-20 token will be mapped to a BRC-100 token with the same ticker and the same supply. 100% of the new BRC-100 token will be distributed to the holders of the original BRC-20 token, with the exactly same amount as the holdings on BRC-20.”
Mikael.btc
Following the fork, holders of BRC-20 tokens will automatically receive equivalent assets on the BRC-100 protocol, the developer added. However, those with BRC-20 tokens held on centralized exchanges will need to wait for the exchanges to distribute the new forked assets.
The push for defi on the Bitcoin network gained momentum recently after a research report from Pantera Capital, a crypto venture capital firm, projected that the Bitcoin-based defi ecosystem could attract hundreds of billions of dollars in liquidity through web3 protocols, implying that Bitcoin’s defi sector could achieve a market share comparable to that of Ethereum’s.
Read more: Bitcoin layer-2 startup Bitlayer raises $11m
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First of all, BRC100 is also based on the technical system of Ordinals. Its direction is the DeFi layer of the big cake. Dex is launched, and it also includes sub-protocols such as lending and stablecoins. It is a BRC20 that is more scalable in terms of technical routes. Secondly, the weakness of BRC20 is obvious to all. Various zeroed inscription assets show that the consensus foundation is far from enough. Runes and other protocols are all impacting the fragile consensus of BRC20, especially under the mechanism that only Meme is launched. The establishment of consensus lacks an important link of developers. The market is more full of Memes and lacks narratives. The biggest benefit of Meme is that it forms a decentralized community consensus, and this community urgently needs better scenarios and narratives to continue its vitality. There is no doubt that DeFi is a good narrative. And BRC100 has been working on Bitcoin DeFi infrastructure for a year. Which forked asset is more valuable? First of all, all inscription assets will be forked to BRC100, and the most valuable asset of BRC20 is Ordi, which is the leader of BRC20 and the leader of Bitcoin ecology. The current assets are 600 million US dollars. After the fork, ordi will also have a 1:1 mapping on BRC100. If you have 100 ordi, you will also have 100 forked ordi on BRC100. And you can place an order to sell on inbrc, or trade forked ordi on a completely decentralized DEX such as @100Swap_io, and you can also participate in mining. The forked ordi is more like a golden shovel, participating in more DeFi ecosystems, which will also empower BRC20's ordi in disguise for a period of time. In the long run, it is indeed worth waiting to see which is stronger between Meme's ordi and DeFi's ordi. After all, the consensus of ordi is still in the early stage, which is very similar to the stage of BCH and ETH at that time. Rather than saying that BRC100 forked BRC20, it is better to say that Meme's ordi was forked into DeFi's ordi, exploring new scenarios in the early Bitcoin ecosystem and continuing the mission of leading the Bitcoin ecosystem.
See original
From Ryan@runeshooray
BTC-BCH, ETC-ETH, BRC20-BRC100, why did the fork succeed? What is the value of the forked ORDI?
The most recent event in Inscription is the BRC20 fork! The technical fork led by BRC100 founder @MikaelBTC officially forked on September 2. The forked ORDI also has a dedicated community: Community_100ORDI…You can also check the official index of pre-forked assets in BRC100 inbrc.org @in_BRC.
What exactly is the fork?
The fork is a unique technical feature of the blockchain. It roughly means that before a certain block, the data is synchronized. After the hard fork block, the data goes to two different underlying facilities. Many people think that forks are airdrops, which is a completely one-sided view. They are essentially different. Take the BRC100 fork BRC20 as an example. Before the fork on September 2, your inscription assets were all on the BRC20 protocol, but after the fork, your inscription assets will also have a mapping on the BRC100 protocol, which is completely 1:1 decentralized, avoiding the suspicion of airdrops, unfairness, and insider trading. This is because the original BRC20 community holds the forked assets fairly, and there is an extra value-added asset at no cost. At the same time, the community is also very clear that BRC100 cannot change the ownership of these assets.
What are the conditions for a successful fork?
In the past, two successful well-known forked coins were BCH and ETH. BCH is a fork of Bitcoin, led by Bitmain. The reason for its success at the time was that Bitcoin was still in the era of computing power competition, not the digital gold of the global consensus now. Therefore, BCH successfully forked BTC. Of course, there are also technical characteristics of the fork, and the reason for the fork around the block size was chosen. ETH is actually a fork of ETC, or ETC is a fork of ETH. They are mainly in the dispute over data rollback, and the community chooses to fork. Of course, the consensus foundation of ETH at that time was far less strong than it is now. So from these two successful fork projects, we can at least see the basic conditions for the success of two forks:
First, the fork needs technical support and technical narrative.
Second, the fork needs to be based on the fact that the consensus of the forked community is not strong enough.
From these two points of view, the forks of BRC20 meet the conditions.Why do I say so?
BTC-BCH, ETC-ETH, BRC20-BRC100, why did the fork succeed? What is the value of the forked ORDI?
The most recent event in Inscription is the BRC20 fork! The technical fork led by BRC100 founder @MikaelBTC officially forked on September 2. The forked ORDI also has a dedicated community: Community_100ORDI…You can also check the official index of pre-forked assets in BRC100 inbrc.org @in_BRC.
What exactly is the fork?
The fork is a unique technical feature of the blockchain. It roughly means that before a certain block, the data is synchronized. After the hard fork block, the data goes to two different underlying facilities. Many people think that forks are airdrops, which is a completely one-sided view. They are essentially different. Take the BRC100 fork BRC20 as an example. Before the fork on September 2, your inscription assets were all on the BRC20 protocol, but after the fork, your inscription assets will also have a mapping on the BRC100 protocol, which is completely 1:1 decentralized, avoiding the suspicion of airdrops, unfairness, and insider trading. This is because the original BRC20 community holds the forked assets fairly, and there is an extra value-added asset at no cost. At the same time, the community is also very clear that BRC100 cannot change the ownership of these assets.
What are the conditions for a successful fork?
In the past, two successful well-known forked coins were BCH and ETH. BCH is a fork of Bitcoin, led by Bitmain. The reason for its success at the time was that Bitcoin was still in the era of computing power competition, not the digital gold of the global consensus now. Therefore, BCH successfully forked BTC. Of course, there are also technical characteristics of the fork, and the reason for the fork around the block size was chosen. ETH is actually a fork of ETC, or ETC is a fork of ETH. They are mainly in the dispute over data rollback, and the community chooses to fork. Of course, the consensus foundation of ETH at that time was far less strong than it is now. So from these two successful fork projects, we can at least see the basic conditions for the success of two forks:
First, the fork needs technical support and technical narrative.
Second, the fork needs to be based on the fact that the consensus of the forked community is not strong enough.
From these two points of view, the forks of BRC20 meet the conditions.Why do I say so?
See original
#BRC20 Fork#BRC100
@MikaelBTC
:
1⃣Unlike airdrops, forks are completely decentralized
2⃣All forked BRC-20 assets will be 100% distributed to the original holders, with an extra asset, pre-fork: https://inbrc.org/prefork
3⃣All forked assets can participate in the DeFi application of the BRC-100 ecosystem
4⃣Promoting the development of the Bitcoin ecosystem, forks will reactivate BRC-20
@MikaelBTC
:
1⃣Unlike airdrops, forks are completely decentralized
2⃣All forked BRC-20 assets will be 100% distributed to the original holders, with an extra asset, pre-fork: https://inbrc.org/prefork
3⃣All forked assets can participate in the DeFi application of the BRC-100 ecosystem
4⃣Promoting the development of the Bitcoin ecosystem, forks will reactivate BRC-20
See original
$PIZZA airdrop! 🍕 The BTC ecosystem is about to launch a huge airdrop: if you hold 100 brc20 pizzas, you will get 100 brc100 pizzas. 🎁 Now, the BRC-20 community and the BRC-100 community are about to fork BRC-20 into BRC-100.
Time: September 2, 2024.
https://x.com/pizza_brc20/status/1821907022042034615?t=dC5Btba9A3-M8BmTMt0oNA&s=19
Currently, the BRC-20 community and the BRC-100 community are about to fork BRC-20 into BRC-100, and the fork time is set on the first anniversary of BRC-100: September 2, 2024.
The fork will solve the current limitations of BRC-20: lack of programmability, non-Turing completeness, lack of scalability, lack of DeFi. The fork will reactivate BRC-20.
After the fork, users will get a fork of their#BRC20assets in the#BRC100protocol, and the forked assets can participate in all DeFi applications of the BRC-100 ecosystem.
1. If your BRC-20 assets are on the Bitcoin blockchain, you don’t need to do anything, and you will automatically receive the forked BRC-20 assets after the fork block height.
2. If your BRC-20 assets are on CEX, then you need to wait for CEX to distribute the forked BRC-20 assets to you.
3. Each BRC-20 token will be mapped to a BRC-100 token with the same code and the same supply. 100% of the new BRC-100 tokens will be distributed to holders of the original BRC-20 tokens, with exactly the same amount of BRC-20 holdings.
Time: September 2, 2024.
https://x.com/pizza_brc20/status/1821907022042034615?t=dC5Btba9A3-M8BmTMt0oNA&s=19
Currently, the BRC-20 community and the BRC-100 community are about to fork BRC-20 into BRC-100, and the fork time is set on the first anniversary of BRC-100: September 2, 2024.
The fork will solve the current limitations of BRC-20: lack of programmability, non-Turing completeness, lack of scalability, lack of DeFi. The fork will reactivate BRC-20.
After the fork, users will get a fork of their#BRC20assets in the#BRC100protocol, and the forked assets can participate in all DeFi applications of the BRC-100 ecosystem.
1. If your BRC-20 assets are on the Bitcoin blockchain, you don’t need to do anything, and you will automatically receive the forked BRC-20 assets after the fork block height.
2. If your BRC-20 assets are on CEX, then you need to wait for CEX to distribute the forked BRC-20 assets to you.
3. Each BRC-20 token will be mapped to a BRC-100 token with the same code and the same supply. 100% of the new BRC-100 tokens will be distributed to holders of the original BRC-20 tokens, with exactly the same amount of BRC-20 holdings.
See original
$PIZZA airdrop! 🍕 The BTC ecosystem is about to launch a huge airdrop: if you hold 100 brc20 pizzas, you will get 100 brc100 pizzas. 🎁 Now, the BRC-20 community and the BRC-100 community are about to fork BRC-20 into BRC-100.
Time: September 2, 2024.
https://x.com/pizza_brc20/status/1821907022042034615?t=dC5Btba9A3-M8BmTMt0oNA&s=19
Currently, the BRC-20 community and the BRC-100 community are about to fork BRC-20 into BRC-100, and the fork time is set on the first anniversary of BRC-100: September 2, 2024.
The fork will solve the current limitations of BRC-20: lack of programmability, non-Turing completeness, lack of scalability, lack of DeFi. The fork will reactivate BRC-20.
After the fork, users will get a fork of their#BRC20assets in the#BRC100protocol, and the forked assets can participate in all DeFi applications of the BRC-100 ecosystem.
1. If your BRC-20 assets are on the Bitcoin blockchain, you don’t need to do anything, and you will automatically receive the forked BRC-20 assets after the fork block height.
2. If your BRC-20 assets are on CEX, then you need to wait for CEX to distribute the forked BRC-20 assets to you.
3. Each BRC-20 token will be mapped to a BRC-100 token with the same code and the same supply. 100% of the new BRC-100 tokens will be distributed to holders of the original BRC-20 tokens, with exactly the same amount of BRC-20 holdings.
Time: September 2, 2024.
https://x.com/pizza_brc20/status/1821907022042034615?t=dC5Btba9A3-M8BmTMt0oNA&s=19
Currently, the BRC-20 community and the BRC-100 community are about to fork BRC-20 into BRC-100, and the fork time is set on the first anniversary of BRC-100: September 2, 2024.
The fork will solve the current limitations of BRC-20: lack of programmability, non-Turing completeness, lack of scalability, lack of DeFi. The fork will reactivate BRC-20.
After the fork, users will get a fork of their#BRC20assets in the#BRC100protocol, and the forked assets can participate in all DeFi applications of the BRC-100 ecosystem.
1. If your BRC-20 assets are on the Bitcoin blockchain, you don’t need to do anything, and you will automatically receive the forked BRC-20 assets after the fork block height.
2. If your BRC-20 assets are on CEX, then you need to wait for CEX to distribute the forked BRC-20 assets to you.
3. Each BRC-20 token will be mapped to a BRC-100 token with the same code and the same supply. 100% of the new BRC-100 tokens will be distributed to holders of the original BRC-20 tokens, with exactly the same amount of BRC-20 holdings.
3. #100Layer @100_Layer (Testnet) - A liquidity protocol for Bitcoin ecosystem on Bitcoin Layer 1, by decentralized collateral-backed stablecoin, wrapped token and yield farming, based on BRC-104 protocol, BRC-106 protocol and #RSM. Testnet: https://testnet.100layer.io 4. BRC-100 Protocol Stack BRC-100 Documentation: https://docs.brc100.org BRC-100 Protocol Stack (An Extensible Decentralized Computing Protocol based on Ordinals Theory): https://x.com/MikaelBTC/status/1697930690653036895 BRC-102 Protocol (An Automated Liquidity Protocol for BRC-100 Assets): https://x.com/MikaelBTC/status/1744690899924468089 BRC-104 Protocol (A Liquid Staking/Restaking Pool Protocol for BRC-100, BRC-20, Runes and BTC): https://x.com/MikaelBTC/status/1774032145444716623
BRC-20 Fork: BRC-100, Re-Activate BRC-20
#Bitcoin needs DeFi infrastructures, #BRC100 and #RSM are both born to solve this problem, with similar concepts but different technologies: #Inscriptions and OP_RETURN.
Now, BRC-20 community and BRC-100 community are going to fork BRC-20 to BRC-100. The fork will happen on the first anniversary of BRC-100: Sep. 2 2024.
The fork will solve the current limitations of BRC-20: lack of programmability, Non-Turing-Complete, lack of scalability, and lack of DeFi. The fork will re-activate BRC-20.
After the fork, users will receive a fork of their #BRC20 assets in the #BRC100 protocol, and the forked assets can participate in all DeFi applications of the BRC-100 ecosystem.
1. If your BRC-20 assets are on the Bitcoin blockchain, you do not need to do anything, and will receive the forked BRC-20 assets after the fork block height automatically.
2. If your BRC-20 assets are in CEXs, you should wait for the CEXs to distribute the forked BRC-20 assets to you.
3. Every BRC-20 token will be mapped to a BRC-100 token with the same ticker and the same supply. 100% of the new BRC-100 token will be distributed to the holders of the original BRC-20 token, with the exactly same amount as the holdings on BRC-20.
4. Check your pre-forked BRC-20 assets on the "BRC-20 Pre-Fork" page of #inBRC @in_BRC : https://inbrc.org/prefork
5. Join the #100ORDI Community: https://t.me/Community_100ORDI…
BRC-100 Ecosystem
BRC-100 is a Programmable #Ordinals Protocol, introduces #DeFi for #Bitcoin by #Inscriptions.
Thanks to all the #BRC100 developers, #BRC100 ecosystem is getting stronger and stronger.
You can experience the dApps on #Bitcoin Layer 1 based on BRC-100.
1. #inBRC @in_BRC (Launched) - The BRC-100 and #RSM Marketplace & Indexer
Mainnet: https://inbrc.org
Testnet: https://testnet.inbrc.org
2. #100Swap @100Swap_io (Launched) - The first automated market maker (AMM) decentralized exchange on Bitcoin Layer 1, based on BRC-102 protocol and #RSM.
Mainnet: https://100swap.io
Testnet: https://testnet.100swap.io
#Bitcoin needs DeFi infrastructures, #BRC100 and #RSM are both born to solve this problem, with similar concepts but different technologies: #Inscriptions and OP_RETURN.
Now, BRC-20 community and BRC-100 community are going to fork BRC-20 to BRC-100. The fork will happen on the first anniversary of BRC-100: Sep. 2 2024.
The fork will solve the current limitations of BRC-20: lack of programmability, Non-Turing-Complete, lack of scalability, and lack of DeFi. The fork will re-activate BRC-20.
After the fork, users will receive a fork of their #BRC20 assets in the #BRC100 protocol, and the forked assets can participate in all DeFi applications of the BRC-100 ecosystem.
1. If your BRC-20 assets are on the Bitcoin blockchain, you do not need to do anything, and will receive the forked BRC-20 assets after the fork block height automatically.
2. If your BRC-20 assets are in CEXs, you should wait for the CEXs to distribute the forked BRC-20 assets to you.
3. Every BRC-20 token will be mapped to a BRC-100 token with the same ticker and the same supply. 100% of the new BRC-100 token will be distributed to the holders of the original BRC-20 token, with the exactly same amount as the holdings on BRC-20.
4. Check your pre-forked BRC-20 assets on the "BRC-20 Pre-Fork" page of #inBRC @in_BRC : https://inbrc.org/prefork
5. Join the #100ORDI Community: https://t.me/Community_100ORDI…
BRC-100 Ecosystem
BRC-100 is a Programmable #Ordinals Protocol, introduces #DeFi for #Bitcoin by #Inscriptions.
Thanks to all the #BRC100 developers, #BRC100 ecosystem is getting stronger and stronger.
You can experience the dApps on #Bitcoin Layer 1 based on BRC-100.
1. #inBRC @in_BRC (Launched) - The BRC-100 and #RSM Marketplace & Indexer
Mainnet: https://inbrc.org
Testnet: https://testnet.inbrc.org
2. #100Swap @100Swap_io (Launched) - The first automated market maker (AMM) decentralized exchange on Bitcoin Layer 1, based on BRC-102 protocol and #RSM.
Mainnet: https://100swap.io
Testnet: https://testnet.100swap.io
inbrc.org#BRC100!
LIVEBinance News
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BRC-20 Fork Announced By BRC-100 Founder Mikael
According to PANews, BRC-100 founder Mikael announced on X that BRC-20 will undergo a fork. All pre-fork assets can now be checked on the official BRC-100 index at https://inbrc.org/prefork. Users will be able to access all BRC-20 assets within the BRC-100 protocol. Forked assets such as ORDI, SATS, RATS, and PIZZA can be utilized through BRC-100's decentralized exchange (DEX), stablecoins, lending, and other DeFi applications, ushering in a secure and decentralized Bitcoin DeFi era.
The BRC-100 fork aims to address the current limitations of BRC-20, which include a lack of programmability, non-Turing completeness, scalability issues, and a lack of DeFi capabilities. The official fork is scheduled for September 2, with the goal of reactivating BRC-20 and accelerating the development of the Bitcoin ecosystem.
The BRC-100 fork aims to address the current limitations of BRC-20, which include a lack of programmability, non-Turing completeness, scalability issues, and a lack of DeFi capabilities. The official fork is scheduled for September 2, with the goal of reactivating BRC-20 and accelerating the development of the Bitcoin ecosystem.
See original
RSM Project Advantages Analysis
I. Advantages of RSM over other projects
1. Turing-complete computing power: RSM provides Turing-complete state management and supports complex computing and smart contracts, while other projects may only provide basic functions or limited computing power.
2. High security and transparency: Based on Bitcoin's UTXO model, RSM ensures the security and transparency of operations, while other projects may lack this basic security guarantee.
3. Modular design: RSM's multi-level token nesting and expansion capabilities provide greater flexibility and scalability, allowing developers to create more complex applications.
4. Cross-chain interoperability: RSM supports seamless integration with EVM-compatible blockchains, expanding the scope of Bitcoin's application and interoperability, while other projects may lack this cross-chain capability.
II. Comparison with other Bitcoin DeFi projects
1. RSK (Rootstock)
Advantages: EVM compatible, supports smart contracts and decentralized applications. Disadvantages: Mainly dependent on sidechain technology, there may be security and performance issues.
2. Sovryn
Advantages: Focuses on decentralized trading and lending, providing trustless Bitcoin transactions. Disadvantages: Relatively single functions, mainly focused on financial applications.
3. Stacks
Advantages: Unique consensus mechanism, bringing smart contracts and DApps to the Bitcoin network. Disadvantages: The ecosystem is still developing, and the application and developer community is relatively small.
III. Conclusion
RSM has significant advantages in Turing completeness, high security and transparency, modular design, and cross-chain interoperability, redefining the application boundaries of Bitcoin and providing developers and users with a more powerful and flexible platform.
For more information, please visit the RSM documentation.
I. Advantages of RSM over other projects
1. Turing-complete computing power: RSM provides Turing-complete state management and supports complex computing and smart contracts, while other projects may only provide basic functions or limited computing power.
2. High security and transparency: Based on Bitcoin's UTXO model, RSM ensures the security and transparency of operations, while other projects may lack this basic security guarantee.
3. Modular design: RSM's multi-level token nesting and expansion capabilities provide greater flexibility and scalability, allowing developers to create more complex applications.
4. Cross-chain interoperability: RSM supports seamless integration with EVM-compatible blockchains, expanding the scope of Bitcoin's application and interoperability, while other projects may lack this cross-chain capability.
II. Comparison with other Bitcoin DeFi projects
1. RSK (Rootstock)
Advantages: EVM compatible, supports smart contracts and decentralized applications. Disadvantages: Mainly dependent on sidechain technology, there may be security and performance issues.
2. Sovryn
Advantages: Focuses on decentralized trading and lending, providing trustless Bitcoin transactions. Disadvantages: Relatively single functions, mainly focused on financial applications.
3. Stacks
Advantages: Unique consensus mechanism, bringing smart contracts and DApps to the Bitcoin network. Disadvantages: The ecosystem is still developing, and the application and developer community is relatively small.
III. Conclusion
RSM has significant advantages in Turing completeness, high security and transparency, modular design, and cross-chain interoperability, redefining the application boundaries of Bitcoin and providing developers and users with a more powerful and flexible platform.
For more information, please visit the RSM documentation.
See original
Explore the future of Bitcoin and experience the cutting-edge technology of RSM (Runes State Machine). RSM brings unprecedented innovation to the Bitcoin ecosystem through Turing-complete state management, supporting complex computing and high-level decentralized applications (such as DeFi and asset management). Using Bitcoin's UTXO model, RSM ensures the security and transparency of every transaction.
RSM's modular design allows multi-level token nesting and expansion, providing developers with greater flexibility and scalability. Its powerful cross-chain interoperability supports seamless integration with EVM-compatible blockchains, greatly expanding Bitcoin's functions and application scenarios.
Core functions and advantages:
1. Turing-complete state management: supports complex smart contracts and state transitions.
2. Decentralized applications: supports the development of advanced DeFi applications such as decentralized exchanges, lending platforms, etc.
3. High security and transparency: based on Bitcoin's UTXO model, ensure the security and transparency of operations.
4. Modular design: multi-level token nesting and expansion, providing high flexibility and scalability.
5. Cross-chain interoperability: Supports seamless integration with EVM-compatible blockchains, expanding the functionality of Bitcoin.
The birth of RSM redefines the boundaries of Bitcoin, provides developers and users with a powerful and versatile platform, and opens a new era of Bitcoin applications.
To learn how RSM leads the transformation of the Bitcoin ecosystem, please visit the RSM documentation.
RSM's modular design allows multi-level token nesting and expansion, providing developers with greater flexibility and scalability. Its powerful cross-chain interoperability supports seamless integration with EVM-compatible blockchains, greatly expanding Bitcoin's functions and application scenarios.
Core functions and advantages:
1. Turing-complete state management: supports complex smart contracts and state transitions.
2. Decentralized applications: supports the development of advanced DeFi applications such as decentralized exchanges, lending platforms, etc.
3. High security and transparency: based on Bitcoin's UTXO model, ensure the security and transparency of operations.
4. Modular design: multi-level token nesting and expansion, providing high flexibility and scalability.
5. Cross-chain interoperability: Supports seamless integration with EVM-compatible blockchains, expanding the functionality of Bitcoin.
The birth of RSM redefines the boundaries of Bitcoin, provides developers and users with a powerful and versatile platform, and opens a new era of Bitcoin applications.
To learn how RSM leads the transformation of the Bitcoin ecosystem, please visit the RSM documentation.
See original
1. Unlocking the new power of Bitcoin: RSM provides Turing-complete state management and complex computing capabilities, improves the security and transparency of blockchain applications, and supports DeFi and asset management. To learn more, visit the RSM documentation.
2. RSM: Evolution of the Bitcoin ecosystem: Use RSM's modular design to create advanced decentralized applications, achieve cross-chain operations and stronger computing power. To learn more, visit the RSM documentation.
2. RSM: Evolution of the Bitcoin ecosystem: Use RSM's modular design to create advanced decentralized applications, achieve cross-chain operations and stronger computing power. To learn more, visit the RSM documentation.
See original
RSM (Runes State Machine) brings innovation to Bitcoin DeFi. Compared with other Bitcoin DeFi projects, RSM provides Turing-complete state management and complex computing capabilities to support more advanced decentralized applications (such as DeFi and asset management). Based on Bitcoin’s UTXO model, RSM ensures operational security and transparency. Its modular design and cross-chain operation capabilities significantly expand Bitcoin’s interoperability and flexibility.
See original
Repost @stier789739 Twitter event Event time: 23:59, July 28 to July 31, 2024 Airdrop quantity: 1000RSM per account after the event Airdrop conditions: The first 100 participants whose floors are 3 times How to participate: 1) Follow @MikaelBTC, @RSM_Runes, @stier789739, and retweet the event tweets 2) Join our RSMCommunity community 3) Leave a BTC address and tg account without RSM on the Twitter event page 4) Each Twitter account is valid for the first message.
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Introduction to RSM 【2/2】
Turing Complete: RSM is a Turing complete state machine capable of running predefined contracts. Computing power: In addition to asset issuance, RSM also provides complex computing power for the Runes protocol, making decentralized applications based on Bitcoin layer 1 possible. Application/token modularization: RSM proposes an application/token modularization method, namely nesting, which provides a theoretical basis for unlimited expansion of application computing capabilities. UTXO model and state machine model: RSM is based on these two models and greatly expands Bitcoin’s computing power. New operations: RSM provides new operations, such as burn2/burn3 and mint2/mint3, which enable tokens to convert between UTXO models and state machine models, achieving decentralization and security.
RSM related concepts
Runes State Machine (RSM): A Turing-complete state machine that runs Runes protocol contracts. Contract: Defines the standard net of the token's computing power. It runs on RSM and is a set of predefined states and state transition functions. Token/Rune: Created by etching to implement different contracts with different computing capabilities. Application: The Rune/Token that implements the contract can be called an application. State: The state of the token, which depends on previous inputs and triggers reactions on subsequent inputs, is defined in the contract. State Transition Function: Calculate the next state of the token, given the current state and input, defined in the contract. Token Nesting: Multiple Rune/Tokens can be created under one Rune/Token to complete multiple independent calculation logics, called sub-Rune/Tokens. Governance of Rune/Token: The process of updating Rune/Token properties and creating child Rune/Tokens. Oracle: The indexer can act as an Oracle validator, validating user-submitted out-of-protocol attestation data.
Engage and support
RSM is open, and developers can participate in building contracts, developing applications, and jointly building the Bitcoin ecosystem. You can join the RSM community: RSMCommunity.
Turing Complete: RSM is a Turing complete state machine capable of running predefined contracts. Computing power: In addition to asset issuance, RSM also provides complex computing power for the Runes protocol, making decentralized applications based on Bitcoin layer 1 possible. Application/token modularization: RSM proposes an application/token modularization method, namely nesting, which provides a theoretical basis for unlimited expansion of application computing capabilities. UTXO model and state machine model: RSM is based on these two models and greatly expands Bitcoin’s computing power. New operations: RSM provides new operations, such as burn2/burn3 and mint2/mint3, which enable tokens to convert between UTXO models and state machine models, achieving decentralization and security.
RSM related concepts
Runes State Machine (RSM): A Turing-complete state machine that runs Runes protocol contracts. Contract: Defines the standard net of the token's computing power. It runs on RSM and is a set of predefined states and state transition functions. Token/Rune: Created by etching to implement different contracts with different computing capabilities. Application: The Rune/Token that implements the contract can be called an application. State: The state of the token, which depends on previous inputs and triggers reactions on subsequent inputs, is defined in the contract. State Transition Function: Calculate the next state of the token, given the current state and input, defined in the contract. Token Nesting: Multiple Rune/Tokens can be created under one Rune/Token to complete multiple independent calculation logics, called sub-Rune/Tokens. Governance of Rune/Token: The process of updating Rune/Token properties and creating child Rune/Tokens. Oracle: The indexer can act as an Oracle validator, validating user-submitted out-of-protocol attestation data.
Engage and support
RSM is open, and developers can participate in building contracts, developing applications, and jointly building the Bitcoin ecosystem. You can join the RSM community: RSMCommunity.
See original
Introduction to RSM [1/2]
Okay, let's learn about the introduction of RSM Network.
Introduction to RSM
RSM (Runes State Machine) is a Turing-complete state machine designed for the Runes protocol. Here are some key points:
Time: June 21, 2024Creator: Mikael.btcContact Email: mikael@rsm.networkTwitter: https://x.com/MikaelBTC
RSM Contract State Table
The document lists the current state machine contracts and their states:
Contract-XXX: More RSM contractsContract-016: Asset Vesting ContractContract-015: Lending Aggregation ContractContract-014: Decentralized Exchange Aggregation ContractContract-013: BRC-100 Asset Launch Platform ContractContract-012: Administrator Asset Issuance Contract (created by Mikael.btc)Contract-011: Bitcoin Layer 2 Verification ContractContract-010: Relay Contract between Runes and EVM-compatible BlockchainsContract-009: Perpetual Futures Decentralized Exchange ContractContract-008: Stablecoin Automatic Liquidity ContractContract-007: Decentralized Lending Contract (created by Mikael.btc Created) Contract-006: Decentralized collateral stablecoin contract (created by Mikael.btc) Contract-005: Decentralized airdrop contract (created by Mikael.btc) Contract-004: Liquidity pledge/re-pledge contract for Runes, BTC, BRC-20 and BRC-100 (created by Mikael.btc) Contract-003: Relay contract between Bitcoin, Runes, BRC-100 and BRC-20 (created by Mikael.btc) Contract-002: Runes asset automatic liquidity contract (published, release date: July 8, 2024) Contract-001: Decentralized on-chain governance contract RSM: Runes state machine (published, release date: June 21, 2024)
RSM's functions and features
Okay, let's learn about the introduction of RSM Network.
Introduction to RSM
RSM (Runes State Machine) is a Turing-complete state machine designed for the Runes protocol. Here are some key points:
Time: June 21, 2024Creator: Mikael.btcContact Email: mikael@rsm.networkTwitter: https://x.com/MikaelBTC
RSM Contract State Table
The document lists the current state machine contracts and their states:
Contract-XXX: More RSM contractsContract-016: Asset Vesting ContractContract-015: Lending Aggregation ContractContract-014: Decentralized Exchange Aggregation ContractContract-013: BRC-100 Asset Launch Platform ContractContract-012: Administrator Asset Issuance Contract (created by Mikael.btc)Contract-011: Bitcoin Layer 2 Verification ContractContract-010: Relay Contract between Runes and EVM-compatible BlockchainsContract-009: Perpetual Futures Decentralized Exchange ContractContract-008: Stablecoin Automatic Liquidity ContractContract-007: Decentralized Lending Contract (created by Mikael.btc Created) Contract-006: Decentralized collateral stablecoin contract (created by Mikael.btc) Contract-005: Decentralized airdrop contract (created by Mikael.btc) Contract-004: Liquidity pledge/re-pledge contract for Runes, BTC, BRC-20 and BRC-100 (created by Mikael.btc) Contract-003: Relay contract between Bitcoin, Runes, BRC-100 and BRC-20 (created by Mikael.btc) Contract-002: Runes asset automatic liquidity contract (published, release date: July 8, 2024) Contract-001: Decentralized on-chain governance contract RSM: Runes state machine (published, release date: June 21, 2024)
RSM's functions and features
Relationship between RSM Runes and the BTC Ecosystem
1. Introduction
RSM (Runes State Machine) Runes significantly enhance the computational capabilities and functionalities of the Bitcoin ecosystem through Turing-complete state management.
2. Core Relationship
Extended Computational Power: RSM Runes introduce complex calculations and state management, supporting advanced decentralized applications (e.g., DeFi).Enhanced Security and Transparency: Built on Bitcoin's UTXO model, RSM Runes ensure secure and transparent operations, forming a robust foundation for decentralized applications.Cross-Chain Operations: RSM Runes interact with EVM-compatible blockchains, expanding the interoperability of the Bitcoin ecosystem.Modularity and Flexibility: The modular design of RSM Runes allows for multi-layered token nesting and extension, increasing the flexibility and scalability of the Bitcoin ecosystem.
3. Application Scenarios
Decentralized Finance (DeFi): RSM Runes support the development of decentralized lending, exchanges, and other financial applications, enhancing Bitcoin's value in the financial sector.Asset Management: RSM Runes facilitate the issuance, verification, and management of assets, broadening the functional application range of Bitcoin.Smart Contracts: RSM Runes enable the Bitcoin ecosystem to support more complex smart contracts, achieving automated and decentralized business logic processing.
4. Conclusion
RSM Runes significantly improve the Bitcoin ecosystem's functionality and application scope by enhancing computational power, security, transparency, cross-chain operations, and modular design, driving its widespread application and development in decentralized applications.
For more information, visit RSM Documentation.
1. Introduction
RSM (Runes State Machine) Runes significantly enhance the computational capabilities and functionalities of the Bitcoin ecosystem through Turing-complete state management.
2. Core Relationship
Extended Computational Power: RSM Runes introduce complex calculations and state management, supporting advanced decentralized applications (e.g., DeFi).Enhanced Security and Transparency: Built on Bitcoin's UTXO model, RSM Runes ensure secure and transparent operations, forming a robust foundation for decentralized applications.Cross-Chain Operations: RSM Runes interact with EVM-compatible blockchains, expanding the interoperability of the Bitcoin ecosystem.Modularity and Flexibility: The modular design of RSM Runes allows for multi-layered token nesting and extension, increasing the flexibility and scalability of the Bitcoin ecosystem.
3. Application Scenarios
Decentralized Finance (DeFi): RSM Runes support the development of decentralized lending, exchanges, and other financial applications, enhancing Bitcoin's value in the financial sector.Asset Management: RSM Runes facilitate the issuance, verification, and management of assets, broadening the functional application range of Bitcoin.Smart Contracts: RSM Runes enable the Bitcoin ecosystem to support more complex smart contracts, achieving automated and decentralized business logic processing.
4. Conclusion
RSM Runes significantly improve the Bitcoin ecosystem's functionality and application scope by enhancing computational power, security, transparency, cross-chain operations, and modular design, driving its widespread application and development in decentralized applications.
For more information, visit RSM Documentation.
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