What exactly is NAT, an inscription project born based on the DMT theory?

Before we can understand NAT, we need to know a thing clearly.

DMT Theory: DMT Theory (DMT Theory) refers to the theory of digital matter, which states that users can create a valuable digital form through the inherent patterns present in the data. Since Bitcoin blocks express transactions between users, information in many fields is permanently recorded and stored in a decentralized and secure distributed ledger. As a result, developers can leverage the principles of DMT and create a new class of digital value.

At present, DMT has three characteristics in the Bitcoin ecosystem:

1. Ordinal number theory, due to the existence of ordinal numbers, each satoshi in the BTC ecology is assigned a unique ID, and anyone can create a digital asset on the satoshi based on this ID, which is what we often call an inscription.

2. Scarcity, a sat that is in a unique position on the Bitcoin block will be considered a rare sat, similar to a scarce NFT, where what is inscribed tends to be more valuable.

3. Bitmap theory, which identifies each block on Bitcoin as a digital property in a region.

Let’s take an understanding of the DMT theory and look at NAT, NAT is an application based on the DMT theory, anyone can create NAT on the Bitcoin ecosystem, and its token parameters are determined by referencing the .element inscription. Whether it is engraved in the form of FT or in the form of NFT. This is a hybrid token model. The number of tokens represented by each block is different.

As shown in the figure below, it represents a NAT that can be engraved with 10 units.

And when “blk”:2, it means that the user can inscribe 1000 NAT. Minted Block 1 and Block 2 are two distinct non-fungible inscriptions that record separate units of account for the base fungible “satoshi” NAT.

Each block will have a different number of Bits, and the number of Bits corresponding to the block inscribed by the user is the actual amount of tokens.

For example, if a user writes NAT to block 817,824, they will receive 386,161,170 NAT tokens. And if a user owns 817,824.bitmap, then they can also engrave 386,161,170 BMT tokens.

To participate in the NAT minting process, users can do the following:

1. Directly deploy the inscription, we open the wallet or trading market of the BTC ecosystem, such as Ordinals Wallet. Search for natmaps and complete the relevant inscriptions.

In Natmap, there are three color expressions, orange for unavailable/listed, black for available, and green for inscribed but listed.

Each black square will contain a number, which is the block ID, and each ID will correspond to a certain number of tokens.

2. For existing projects such as Bitmap, if the user holds Bitmap, they can obtain NAT minting rights through the parent-child inscription mechanism (creating sub-inscriptions under this inscription).

In general, NAT is still in a fairly early stage compared to popular projects such as Ordi and Bitmap, but its internal logic is quite pioneering. This means that any data-based features other than block height will be able to be used to create assets, which in the immediate sense will be a catalyst for further stimulating the vitality of the Ordinals and BRC-20 ecosystems.

Finally, for more information about NAT, you can refer to the relevant content @TheBlockRunner by X bloggers.

Link: