Starlight does not ask the traveler, time will not let down those who work hard. The Bitcoin ecosystem has been silent for nearly a year. Just when everyone was delivering takeout and singing songs, the Bitcoin ecosystem changed. #Alkanes@oylwallet@judoflexchop @taggaOyl was like a god descending from the sky, attracting many eyes to the Bitcoin ecosystem. The leader that increased 10 times in one day: #METHANE is exciting, and it seems to have returned to 2023 when many Bitcoin ecosystem protocols flourished.
This time, Alkanes fired the first shot in a new round of Bitcoin "protocol war". The Bitcoin ecosystem officially entered the 2.0 era from 1.0, and the protocol also entered the DeFi era from Token issuance. The three major narratives of the Bitcoin 2.0 ecosystem: OP_CAT, BRC2.0, and Runes2.0 are eager to try, and have all entered the infrastructure stage. The exciting drama of the Bitcoin ecosystem has begun.
Below are some new Bitcoin 2.0 protocols and old Bitcoin 1.0 protocols that I have compiled and are ready to go.
Bitcoin 2.0 is waiting for a new protocol
BRC2.0
The official upgraded version of BRC-20, led by Best in Slot@bestinslotxyz and supported by domo@domodata, introduces EVM, making all #BRC20 Tokens programmable. This major upgrade is regarded as a lifesaver by inscription players.
Finally, we can participate in Signet DeFi, and we have returned to Signet to support BRC2.0. Now that BRC2.0 has been launched on Signet, everyone is eagerly looking forward to testing the application and landing on the mainnet as soon as possible.
OP_CAT
CAT20
sCrypt@scryptplatform was released on Fractal Bitcoin@fractal_bitcoin for experimentation. It attracted many Bitcoin ecosystem players when it was first launched. #CAT20 @ProtocolCAT is also the first protocol based on #OP_CAT. Now that the experiment has been successful, it has also landed on Signet and entered the Bitcoin mainnet. The protocol token $OPCAT has performed well, and we look forward to the follow-up.
CATNIP
The Bitcoin native token protocol based on OP_CAT released by Udi @udiWertheimer, founder of Quantum Cats @QuantumCatsXYZ & Taproot Wizards @TaprootWizards, aims to solve the poor user experience and liquidity problems of existing token protocols (such as BRC-20 and Runes). Both are solving liquidity problems, which shows the importance of liquidity.
The launch time of CATNIP is currently unknown, but it is very worth looking forward to.
Goldinals
Nubit (Thunder Network) @nubit_org released it, known as the Qin Shi Huang Protocol, which aims to unify protocols such as inscriptions, runes, alkanes, etc., so that all Bitcoin assets can be unified in one without the need for a centralized indexer and run completely on the chain. It is currently in the internal testing stage, and invitation codes are generally not available. Friends who have experienced it can share their experience.
Runes2.0
Alkanes
The hottest newcomer introduced smart contracts into Bitcoin L1. The first Free Mint token #METHANE doubled in value every day. The community grew from nothing to an extremely powerful one in just a few days. This proves that the Bitcoin ecosystem is not unpopular, but is just undergoing a transformation.
Alkanes is the first new generation protocol to be launched on the mainnet. From its performance, it is not difficult to see that the Bitcoin ecosystem will see a new round of flourishing protocols.
RSM
RSM (Runes State Machine) @RSM_Runes is a programmable Runes solution released by Mikael @MikaelBTC. It can also solve the liquidity problem of the Bitcoin ecosystem. It was released last year and is now preparing to land on Signet. Signet is really lively. Together with Alkanes, it has promoted the progress of Runes DeFi and is also expected by many people to be launched soon.
Bitcoin 1.0 old protocol
BRC-20
The Token Issuance Protocol, also the ancestor of the protocol, was released by domo@domodata, which instantly ignited the Bitcoin ecosystem and provided a paradigm for the subsequent explosion of protocols. Although the popularity declined and funds fled later, it is still remembered by people. Now, the strong return of BRC2.0 after the BRC-20 upgrade has once again ignited the enthusiasm of players, and they are looking forward to it.
Faucet: $ORDI
Highest market value: US$2 billion
Runes
Casey@rodarmor, founder of Ordinals, released a BRC-20 alternative that uses Bitcoin's UTXO model and OP_RETURN opcode to design a more efficient and concise token issuance mechanism, with the goal of improving performance and reducing the burden on the network. When it was first launched, the on-chain Gas soared to nearly 3,000, and both Chinese and Western players were crazy about it. As a rune player, I hope to see the scene of Chinese and Western harmony again.
Faucet: $DOG
Highest market value: 1 billion US dollars
BRC-420
#BRC420 @BitmapTech is an open source protocol based on BitcoinOrdinals, supporting metaverse and digital asset innovation through recursive inscription technology. Combined with Merlin Chain's Layer 2 solution, it improves asset liquidity and cross-chain applications, bringing an efficient metaverse experience to the Bitcoin ecosystem. It is a rare Bitcoin metaverse concept and is all the rage.
Leading: Blue Box
Highest market value: US$400 million
Atomicals
Atomicals@atomicalsxyz was highly praised by many people for its sophisticated technology when it was first launched, and the one-coin-one-satoshi setting made people believe that its value would last forever. The "AVM" released by Arthur made the community even more excited. However, this was only a short-lived carnival. After "AVM", Arthur's whereabouts were unknown, and the popularity of Atomicals declined. Today, Atomicals has been "CTO", and I am also looking forward to Atomicals' subsequent performance.
Lead: #ATOMARC
Highest market value: 300 million+ USD
PIPE
PIPE@PipeBtc protocol is a native token protocol based on Bitcoin, integrating the advantages of RUNES and BRC-20 to solve the problems of fair casting and centralization. It supports deployment, casting, and transfer functions, and is compatible with the Bitcoin UTXO model to ensure decentralization and security. Many players were crazy about it, and the Fomo emotions are still vivid in their minds. I hope for good things, and the Fomo emotions will be shown again.
Faucet: $PIPE
Highest market value: 100 million+ USD
Tap Protocol
Tap @tap_protocol is also an innovative Layer 1 protocol on Bitcoin released by Trac Network @trac_btc. It expands the application scenarios of Bitcoin by introducing features similar to smart contracts (Promises), multi-sending capabilities, decentralized finance (DeFi/OrdFi), and native token exchange without cross-chain bridges. It was very popular as soon as it was released, and now it still sticks to Bitcoin, waiting for the opportunity to explode again.
Faucet: $TAP
Highest market value: 30 million+ USD
The new wave of the Yangtze River pushes the old wave forward, and a new round of "protocol wars" is about to begin. Overall, the difference between the new protocol and the old protocol is that both are programmable. Compared with the old protocol, which is more inclined to token issuance, the new protocol technology is more advanced, and without exception, they all solve the problem of Bitcoin ecosystem liquidity.
Alkanes development route may be: #Gateio@Gate_iolist #METHANE, OKX @OKXWallet_CN&Unisat @unisat_wallet trading market supports Alkanes protocol, OKX @okxchineselist #METHANE, Binance@binancelist #METHANE.
Make Bitcoin Magic Again! ! !
