If Bitcoin is gold, then ARC20 tokens are jewelry

Bitcoin is an analogy to gold that many people can understand. But before, many people regarded the inscription of BRC20 as jewelry, which I think is still a little inaccurate.

Since entering 2024, ARC20 has become more and more popular, and it is likely to overshadow BRC20. Both protocols are part of the Bit Ecosystem, but their gameplay logic is completely different.

If the asset price of BRC20 inscriptions mainly relies on propaganda (community MEME logic), then ARC20 may be more "expected" in the future.

If you are short of scenes in the short term, you have to rely on BRC20

Friends who are familiar with this account will know why Will the inscription of BRC20 keep increasing? As mentioned in one article, the biggest winner of the inscription is actually the miners.

In December 23, the inscription contributed 30% of the miners’ income:

< img src="https://img.jinse.cn/7171178_image3.png">

You must know that the total market value of Inscription is only a few billion US dollars, and its liquidity Still not good.

However, the market value of this wave of miner stocks has soared by tens of billions, and the liquidity is still very high, and they can be shipped at any time. The capital tycoons on Wall Street may have already received their profits in their pockets, but the Inscription tycoons are still silently shipping goods while shouting. . .

Now that it is difficult to find application sites in the Ethereum ecosystem, it is even more difficult to find serious application scenarios in the Bit ecosystem.

Therefore, the main reason why BRC20 inscriptions became popular in the first wave is because this protocol takes up a lot of resources and can increase gas fees.

For this reason, many people have objections to the Ordinals protocol. A few months ago, a technology giant created a "Sophon" (Sophon, That’s right, it’s the Sophon (Sophon) solution in Three-Body Problem, which is used to block the deployment of new BRC20 inscriptions. The principle is as follows:

Sophon monitors all deployments on the chain BRC20 inscription, once you find someone deploying it, you will be the first to deploy one with the same name at a higher gas fee. (Almost the same attack mode as the Three Body Sophon)

So there was such a strange scene:

While working at Sophon, The number of inscribed transactions dropped sharply.

But this Sophon only ran for more than 20 days before it was unable to operate because it ran out of funds (if it doesn’t make money, it won’t last long).

ARC20 is jewelry

Atomics Protocol is a protocol based on UTxO (unspent transaction output) A simple and flexible protocol for the casting, transfer and updating of digital objects on the model's blockchain.

To put it simply, the inscription on BRC20 is actually a note for the transfer.

As for ARC20 tokens, each token is 1 Satoshi (the basic unit of Bitcoin, each Bitcoin has 100 million Satoshi).

If you agree that Bitcoin is electronic gold.

The inscription on BRC20 is equivalent to writing the content on an electronic receipt for purchasing gold. As for how much this receipt is worth, the fluctuation will be a bit large.

The ARC20 token is equivalent to "carving" on gold, and each token has 1 satoshi as the basic unit. Just like many gold jewelry, they are also priced in grams.

ATOM surges more than 10,000 times

Don’t think that this kind of jewelry is priced in “grams” Room for growth is limited.

The current price trend of Longyi ATOM in ARC20 is as follows:

The current price is more than 20,000 sats/ATOM, which is a sharp increase of 20% from the original base price of 1 sat. More than 10,000 times, and it once rose to more than 30,000 sats.

Of course ATOM was difficult to grab when it was first mint. If the actual mint cost is taken into account, the increase will be thousands of times greater.

It’s just that the Atomics community is relatively pure in terms of technology and doesn’t come out to shout out much.

However, asset prices have not risen lower than those of placing orders.

Quark Sophon starts the battle between Dragon and Dragon

Maybe BRC20 shouted too fiercely. So the Atomics community also started playing memes in 2024.

First, I stayed up late to play quark on New Year's Eve (it makes me cry if I tell the story of that night)

Currently, ARC20 has released another sophon token (and blocking inscription (just have the same name)

Generally speaking, the comparison of the three heroes of ARC20 is as follows:

Each picture contains more and more "satoshi". When it comes to ATOM, the cost is almost all gas fees, but when it comes to Sophon, most of the cost is gas.

This is a good trend~ Some people have introduced the concept of "wear rate" with reference to the standards for jewelry making in gold shops:

You can see this "Sophon" is very promising~

After Sophon was defeated in the past two days, his performance in the Atomic Market is also very likely to overwhelm Quark:< /p>

ARC20 will rule the future of Bitcoin ecology?

A big V expressed that he is very optimistic about the future of the Bit ecosystem:

In fact, in ancient times, there were indeed many real assets that were realized through gold as a carrier , gold coins issued by any government can be circulated almost all over the world.

Therefore, the assets are carried in ARC20 tokens, which is somewhat of a meaning. It tests the sincerity of the project party!

However, it is said that Netflix will launch "The Three-Body Problem" on March 21 this year. According to the usual style of our crypto circle, this may be considered Sophon. A real benefit?