Check for gaps and fill in the gaps, and quickly review the recent major changes in the BTC ecosystem in 3 minutes
Written by: Golem, Odaily Planet Daily
In recent days, the Bitcoin ecosystem has become increasingly lively, and various sectors have made some substantial progress after several months of long construction. Users with a keen sense of smell have already turned their attention back to the Bitcoin ecosystem, hoping to tap into this wave of wealth opportunities in the Bitcoin ecosystem.
Although it is difficult to become an early Alpha hunter, it requires "immersion" in the ecosystem and a lot of time and energy, butXiaobai NavigationEven if we cannot become pioneers, we cannot be content to miss this wealth train. This article by Odaily Planet Daily will sort out the recent developments of the Bitcoin ecosystem to help everyone understand the hot spots and key points of the rapid ecosystem.
Traffic depression: Fractal Bitcoin mainnet will be launched on September 1st
The biggest hot spot in the Bitcoin ecosystem is Fractal Bitcoin, a Bitcoin scalability solution developed by UniSat. It is developed based on the Bitcoin core code and is fully compatible with existing Bitcoinwallet, tools and mining equipment, etc. In terms of performance, Fractal's block confirmation time is about 30 seconds; in terms of smartcontractOn the other hand, Fractal launched OP_CAT in the testnet on August 13, but the cross-chain bridge implementation has not yet been finalized.
The number of active addresses on the Fractal Bitcoin test network has exceeded 8.3 million in the past 24 hours. On August 19, Fractal Bitcoin activated the BRC-20 service in the test network. Users can experience the deployment and engraving of BRC 20. At the same time, many users believe that actively participating in the test network test may result in the main network airdrop.
In terms of ecology, more than a dozen projects have announced that they will be built on Fractal Bitcoin. Odaily Planet Daily has previously screened 10 potential ecological projects and recommends reading "Fractal mainnet is about to be launched, here are ten potential projects in the ecosystem》.
Babylon Bitcoin Mainnet Staking Will Be Launched on August 23
Babylon is a self-hosted Bitcoin staking protocol with a total financing amount of over US$96 million. The main investors include Paradigm, Polychain, HashKey Capital, IOSG Ventures, Amber Group, HTX Ventures, Galaxy Digital, Binance Labs, OKX Ventures, etc.
Babylon has always attracted much attention for its excellent self-custody staking technology solution and luxurious investment lineup.TokenRecently, Babylon announced that Bitcoin mainnet staking will be launched on August 23, with an initial total staking limit of 1,000 bitcoins, a minimum staking amount of 0.005 BTC for each staking transaction and a maximum of 0.05 BTC. Competition may also be fierce when it is officially launched.
At the same time, since there is no active PoS chain at present, staking will not directly give users staking rewards, but will be recorded using a points system. The liquidity staking protocols PumpBTC and pSTAKE in the Babylon ecosystem are also cooperating in staking reward activities.
RGB ecological projects become active
RGB is a general purpose Bitcoin smartcontract协议,其可以在比特币网络中发行资产、实现智能合约功能等。RGB 协议的开发时间相当长,从 2019 年开始便有许多贡献者和机构在支持,但是多为幕后开发工作,生态建设上进展并不多。
But recently, two projects in the RGB ecosystem have also attracted the attention of many players. One is the first large-scale airdrop of RGB 20 TokenProject Jerry's box. On August 16, it took a snapshot of some runes, BRC 20 and Bitcoin NFT holding addresses. If you hold one of these assets, you will be eligible for the airdrop. The snapshot assets are shown in the figure below.
因为 RGB 20 资产需要专门的地址进行接收,因此用户需要前往官网给白名单地址关联一个 BiHelix 格式地址,具体可查看比特币生态钱包 wizz wallet 发布的关联教程。但是为拦截工作室和机器人,官方又更改了空投领取规则,白名单地址需要向 BiHelix 格式地址转移至少 0.0001 BTC 才有效,其他规则更改可查看笔者在 X 平台发布的推文。
The other is the Meme project BlockJoker, which uses POW free mining. Users only need to click to enter the official website, link the X account, and click the upper left corner to start mining. On average, 2 to 3 tokens are produced every 5 minutes. Currently, there are more than 45,000 nodes participating in mining. At the same time, BlockJoker's mining will continue until the RGB main network is launched, so its total amount is uncertain.
Lightning Network’s first stablecoins launched
On July 23, Lightning Labs, the main developer of the Lightning Network, announced the release of Taproot Assets on the Lightning Network. Users can mint Taproot Assets on Bitcoin and transfer them through the lightning network's fast and low-cost advantages. Unlike other Bitcoin asset protocols, the Lightning Network has no intention of creating more new assets on the main network, but is committed to introducing stablecoins to the Lightning Network.Lightning Network is on the right track with stablecoins》 elaborated in detail the advantages of Lightning Network in developing stablecoins.
There are already projects that have launched stablecoins on the Lightning Network. Speed Wallet bridged USDT from Ethereum to Taproot Assets and integrated it into their Lightning Network custodial wallet. The stablecoin on Taproot Assets is marked as USDT-L. Lnfi Network (formerly Nostr Assets) announced the launch of LN Bridge, bridging Ethereum's USDT to Taproot Assets and marking it as TA-USDT.
Atomicals Virtual Machine Beta Released
Atomicals is also a smart contract protocol built on the Bitcoin mainnet. Although it was very popular in the Bitcoin ecosystem in the second half of last year, it gradually faded due to cyclical rotation and the project's relatively "halal" approach. However, the Atomicals protocol is still regarded by many Bitcoin ecosystem players as the most ideal first-layer smart contract solution.
The development of Atomicals is slow but still progressing steadily. On August 15, the official released a test version of the Atomicals virtual machine, where developers can define their own rules through smart contracts (using Bitcoin scripts) to manage the creation and transfer of their assets. Perhaps we will be able to see the performance of AVM on the mainnet in the near future.
Runes are still the main transaction type on the Bitcoin network
According to Geniidata data, Runes have remained the main transaction type on the Bitcoin network since August, with an average of more than 50% transactions belonging to Runes, followed by regular Bitcoin transactions, while BRC-20 and Ordinals account for no more than 10% of the total transaction share, and the total number of Rune holding addresses has exceeded that of BRC-20.
At the same time, in terms of minting, Rune 0 UNCOMMON•GOOD is still the most popular rune asset. Currently, the number of addresses holding Rune 0 has reached 193,002, making it the rune with the most holders. The following three points roughly summarize the reasons why Bitcoin ecosystem players hold Rune 0:
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Multiple addresses hold Rune 0 to win airdrops from other ecological projects, such as the Jerry's box mentioned above;
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Cast more No. 0 runes when Gas is low and wait for Gas to rise before selling them for profit;
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I think Rune 0 will be the "sats" of runes, relying on the powerfulCommunity, number of addresses, etc. have the potential to be listed on the exchange.
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