The Bitcoin ecosystem is in full swing: an article to understand the ARC20 thousand-fold track and the Lightning Network hundred-fold track

Hello everyone, we have introduced the BRC20 and ETHS tracks earlier, these two inscription tracks have produced a strong wealth creation effect, today I would like to introduce you to Atomicals (hereinafter referred to as ARC20) and the Bitcoin Lightning Network project.

The concept of Atomicals

The Atomicals protocol is a simple and flexible protocol, a way of organizing the creation, transmission, and updating of digital objects – it’s essentially a digital chain of ownership defined according to a few simple rules.

At the heart of it are some key simple rules that need to be followed for minting, transferring, and updating operations,

The grand vision is to build and secure the Bitcoin blockchain as a source of truth and digital sovereignty

It is designed to work in coordination with other protocols that have emerged (e.g. Nostr, Ordinals, etc.). Each protocol has its own different advantages.

Five main functions and features

1. You can create a special type of atomic digital object, called a domain

2. ARC20 token, decentralized mint

3. Launched GPU mineable tokens, demonstrated proof-of-work and energy consumption, Bitwork mining

4. Use recursion and references to create hierarchies and include atomic numeric objects

5. Permanent file storage

Reference Links:

First ARC20 token – $ATOM

$Atom token, the first token in the ecosystem, with a total amount of 21,000 tokens, 1,000 coins each.

In addition, there are tokens such as $pepe, $realm, and $icals, among which $pepe is the second token to be played in its entirety, but the off-market atmosphere is average, and $realm is the eponymous token of the domain concept, the current dragon two. At the same time, the field is also a relatively innovative place, and it is also a point that we are more optimistic about.

Atomicals Protocol’s official recommendation: @atomicalsxyz

Trading Market:

Purse:

Featured Project - Realm.name (Field)

This paragraph can refer to relevant bloggers:

bro.tree@dchatplatypus

The current market price on and off the market: 2 letter floor is about 280U, 3 letter floor is about 15U, and 3 miscellaneous (letters + numbers) are still part of the play. (The main field cannot start with a number, so there is no such thing as 2D or 3D)

Atomicals is an emerging concept that aims to disrupt traditional domain names. To put it simply, compared to a regular domain name, which focuses on suffixes, such as “.eth”, Realm registers text with a prefix for each registration, and finally has pricing power over all suffixes.

The realm is more like a door and a key. It can connect communities/organizations/groups, and has also become a door to the expansion of the entire BTC ecosystem, which can be applied to games, social networking, land, medals and other aspects. Specifically, in terms of basic functions, the domain can be used as a transfer and collection address (payment name), and in terms of extended usage, there are various use scenarios such as building a community/DAO, identity verification (Pass/OG card/participation certificate), social profile, privilege identification, asset distribution, etc., which are also fully in line with our development vision of DID.

The current transaction volume is not large, and the floor price is relatively low, because the application of the field has not really been rolled out, and the value can only be reflected when the actual function of the field is used.

The rest of the ecological projects

AtomPunks: Rare PUNK / Sub1k PUNK has been sold for almost 1000U, regular PUNK 10-20U. Nothing innovative.

AtomicalsRekt: XCSS is the first original collection with a project and the creation of the first collection container in the ecosystem. The first batch of collections is linked to the mining difficulty (bitwork commit), and the gameplay is interesting, and there are only 81 of the first batch of collections, with a transaction price of 150u in the ordinary category and 300u in the rare category.

AtomMap: The popularity is good, the mechanism is very interesting, the mining difficulty of each xxxx.atommap must be set to abxxxx, which means that every 1 digit increment, the difficulty will increase exponentially, at present, there are still a lot of 4D left to play, with a personal computer, playing a 4D is estimated to be 11 hours. There are transactions both on and off the market, and the reference price is 3D 90U, 4D 20U.

BlockMap: The project team hopes to benchmark Bitmap, but the popularity is insufficient.

Summary for ARC20

The emergence of Atomicals represents the ecological explosion of bit inscriptions has just begun, and compared with the BRC20 inscription track, this is the first wave of ARC20 skyrocketing, and it will need to be precipitated to have a better future in the future.

Because ARC20 can be applied to many scenarios, I hope that the project party will not lie flat and stop development because of a wave of skyrocketing, and it is only in the hype stage at present. Other projects have less attention, and only when the domain project Realm really starts to apply and develop new ways to play, then this project can go further. Therefore, we recommend that we can keep an eye on the development progress of Realm, while Realm and $Realm are relatively low in value.

BTC Ecology: Lightning Network Concept

The Lightning Network is a Layer 2 solution for Bitcoin, which can help users save costs and improve efficiency in Bitcoin payment scenarios. In a word, the Lightning Network is to Bitcoin what Visa is to currency.

In 2022, there were also a number of large financings in the Lightning Network space, and top institutions including a16z and Paradigm also participated in the investment of related projects:

In April 2022, Lightning Labs, a Bitcoin-focused company, closed a $70 million Series B funding round led by Valor Equity Partners.

In May 2022, Lightspark, a Bitcoin Lightning Network company founded by Meta’s head of cryptocurrency, David Marcus, closed a funding round led by a16z and Paradigm.

In September 2022, Strike, a crypto payment app built on the Bitcoin Lightning Network, announced the closing of an $80 million Series B funding round.

The most popular project on the current Lightning Network: Nostr Assets Protocol

This project is the first project to issue coins under the Lightning Network, from the initial airdrop to the maximum value of tens of U per address to the highest value of several thousand U, I believe that many people have missed a fortune again.

Nostr Assets is a dual-token model:

$TRICK and $TREAT, 210 million each, for a total of 420 million

Airdrop: 10,000-13,000 airdrops for a single address, more than 8,000 valid addresses

Total airdrop: about 80 million accounts for 20%, and 80% is in the hands of the project party

Trading Sites:

As shown in the chart above, the current $trick unit price ≈ $0.0847, and the market capitalization is around $17 million, and the $trick is about the same.

The increase has also been dozens of times, but the market value is not too high. Because they will launch Fairmint later, that is, the token issuance function. There are already a lot of people waiting to hit the first deployed token, so we recommend keeping an eye on getting involved.

If you want to participate and deploy a B by yourself, you can prepare the Alby wallet first, the wallet link, and follow the tutorial on the official website, if not, you can also use the TP wallet.

Tutorial:

Finally, there are still many concepts and projects that can be mined in the BTC ecosystem, such as RGB protocol, BitVM, etc., everything has just begun, and the narrative of the pie will be the strongest track in this round.