Getting Started: A 3-Minute Quick Look at the CAT Protocol
Written by: shaofaye123, Foresight News
Gas is being consumed crazily, with the rate as high as 600 sats/vb, and the FB OTC price is rising. Is CAT Protocol a new opportunity to replicate the craze of inscriptions and fractal Bitcoin, or is it a protocol that will be killed if it gets too popular? The current market heat is quickly ignited, and Fomo sentiment is spreading rapidly. Don't rush to get on the train, this article will take you to a three-minute quick view of CAT Protocol.
What is the currently popular CAT Protocol?
According to the official introduction of the ProtocolCAT project, CAT Protocol is a new type of Bitcoin based on UTXO proposed by them.TokenThe protocol is called Covenant Attested Token (CAT). The protocol is verified by miners and uses smartcontractTo manageTokenCasting and transfer. It has the following characteristics:
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No indexer required:Token的规则集由比特币共识保证。其数据和逻辑都驻留在链上，不依赖任何链下第三方（例如索引器）来运行。它继承了原生比特币的工作量证明Safetysex.
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Modular: CAT tokens can be used in other smartcontract, build more complex decentralized applications (such as AMM, lending, staking, etc.). It provides a powerful and versatile new building block for expanding the scope of Bitcoin's applications.
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Programmable Foundry：Token minting rules are determined by smartcontractExecution. Over-minting transactions will be rejected directly by the network.
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Cross-chain interoperability: The CAT protocol allows differentBlockchainTrustless asset bridging between applications allows applications to span multipleBlockchainrun.
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SPV Compatibility: CAT tokens support Simplified Payment Verification (SPV). Light clients can independently verify the authenticity of tokens without trusting a central server.
The CAT protocol supports both homogeneous tokens (called the CAT20 standard) and non-homogeneous tokens (called the CAT721 standard). Currently, CAT721 has not yet been launched.
CAT protocols emerge
However, there is more than one CAT Protocol in the market. According to the information sorted out so far, there are already three related protocols. Each has a lot of followers. The high popularity of ProtocolCAT may be due to its early start. It is difficult to judge how long the popularity will last. This article sorts out the existing information for a brief introduction. If there are any errors or omissions, please feel free to discuss. (The subheading below is the Twitter name of the project)
ProtocolCAT
The protocol was released at around 3 am on September 11, with 21 million CATs. It currently supports CLI minting. It is the only CAT Protocol that can be mined. There are traces of Chinese development in the code, and the project owner has not yet tracked down the specific information of the team members anonymously.
bc1plainview
bc1plainview claims to be the creator of the CAT20 protocol. He released CAT20 in August, and at the same time released the BRC20 protocol with the OP_CAT function. The project is from the opnet team, and the protocol will be activated at block 21,000, and is expected to be launched in about 2 days. He also pointed out that the current ProtocolCAT's so-called indexer-free is a huge scam, because they still need to run the indexer to view the token balance.
rot13maxi
CATNIP was proposed by Udi Wertheimer, co-founder of Taproot Wizards. It is also a secondary token protocol based on OP_CAT. CATNIP allows the market to place partial orders and bid. Users do not need to split UTXO in advance, but only need to buy the required number of tokens. In addition, the protocol will also allow on-chain L1 AMM and liquidity pools. There is no CATNIP token at present. CATNIP will only be available after OP_CAT is launched on the Bitcoin mainnet.
It is still in the early stages, so please exercise caution before participating.
Participation Guide
Cost Rate
At present, many bloggers have summarized the code tutorials, but rarely mention the cost. You can check the cost on Mempool and OKX. At 300 sats/vb in the morning, about 0.005 FB was issued; at the current rate of 870 sats/vb, about 0.013 FB, and the FB over-the-counter price has also reached 20 U, while previously FB was available for about 6.6 U.
Casting Tutorial
Self-casting requires certain computer knowledge. The following are the basic configurations and steps.
1. Configure the environment and install three dependencies, including git, Node.js, and Docker. Download the CAT Protocol code.
2. Run the Docker container. You need to run a Fractal full node on the server and run a local indexer.
3. Install and build the CLI.
4. Createwalletand casting deployment.
For specific code, please refer to: https://mirror.xyz/3p-labs.eth/0IWdR6toFMACCRZTwTAF3XFAvXiaobai Navigation2TiEAPEAHqzVF707g8
The article comes from the Internet:Getting Started: A 3-Minute Quick Look at the CAT Protocol
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