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Architectural features of Bitcoin, or what's wrong with BRC-20?

#bitcoin #brc-20 #utxo

While Ethereum operates on an account-based model, Bitcoin uses an Unspent Transaction Output (UTXO) model to manage transactions, where each transaction consists of data inputs and outputs. During a transaction, inputs are deleted and new outputs are created. New outputs, called UTXOs, represent unspent balance that can be used in subsequent transactions. Essentially, UTXO is the BTC remaining in the wallet after transactions are completed.

This system is extremely important for Bitcoin - it provides a reliable way to track ownership and prevents double spending of BTC. Each UTXO can only be spent once, and all nodes on the Bitcoin network verify transactions, ensuring that UTXOs are not spent twice, thereby ensuring the integrity and security of the blockchain.

The head of TeraWulf called Runes a “lifeline” for Bitcoin miners

#runes #комиссии #майнинг

The launch of the Runes protocol seriously supported the income of miners after the halving due to the increase in commissions. TeraWulf co-founder and CEO Nazar Khan said this in an interview with Cointelegraph.

On the day of the fourth block reward halving on April 20, the average transaction fee jumped to a record $128.45. According to BitInfoCharts, the figure has corrected to ~$13 at the time of writing. When planning the profitability of work after halving, the company assumed that the cost of bitcoin mining would be $37,000 with a commission share of 10%. Any excess of this figure means that mining at TeraWulf becomes more profitable, Khan emphasized.

According to CoinShares specialists, the average volume of fees in revenue in the coming months will be approximately 15%. Only on peak days the figure will reach 30%, the company admitted.

The excitement around Runes has noticeably subsided since its launch: the share of transactions dropped from a maximum of 81% to 30%, as follows from the dashboard data on Dune. In the volume of commissions received by miners, the figure decreased from 69.5% to 16%

The Notcoin team talked about ways to brand a token.

#notcoin #gamefi #листинг

Once the NOT token is listed on exchanges, users will have three options for managing funds. One of the creators of the gaming Web3 project Notcoin told Decrypt about this.

After TGE, the team plans to resume the mining process, which will be implemented through interaction with partner content. Users will still be able to spend tokens on in-game purchases.

A Notcoin spokesperson expects that a “significant amount of the audience” will continue to play, and the team will create additional incentives to do so.

NOT withdrawal will be available from centralized exchanges that support the token, the list of which has not yet been announced. In addition, users will be allowed to move coins to one of the project's supported wallets for self-storage.

ForkLog previously reported that the listing of the NOT token is planned to be implemented before the end of April. The developers explained the postponement of the start date of trading with the desire to ensure an “uninterrupted launch.”

Let us remind you that at the beginning of April, Notcoin carried out a denomination of balances by three orders of magnitude “for ease of reading the price of the token.”

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