Inscription
In the blockchain world, inscription refers to any data written on the blockchain. For example, Bitcoin inscription is a kind of writing that writes the content into BTC Satoshi for inscription. The written information can be text, pictures, videos and Audio etc.
The ZK coprocessor can be regarded as an off-chain computing plug-in derived from the modular concept. Its function is similar to the GPU in our traditional computers that shares graphics computing tasks for the CPU, that is, a processor that shares computing tasks in specific scenarios. . Under this design architecture, heavy data and complex calculation logic tasks that public chains are not good at can be calculated through the ZK coprocessor. The chain only needs to receive the returned calculation results, and its correctness is determined by ZK proof guarantees, and ultimately enables trusted off-chain calculations of complex tasks.
Mystiko is a base layer of Web3, functioning as a universal ZK SDK to enhance the scalability, interoperability, and privacy of blockchains. Mystiko's Software Development Kit (SDK) allows developers to build blockchain applications, thereby reducing costs, enabling easy expansion, secure cross-chain interactions, and protecting users' on-chain identities (account balance, transaction history, etc.). It uses a technology called Snark of Snark to increase its security and reduce its gas fees. Mystiko.Network has integrated ZK Rollup, reducing transaction costs on the mainnet by 50-90% compared to other major existing ZK solutions.
Ethereum's need to scale has led to the development of Layer 2 solutions, with ZK/OP rollups emerging as key players, forming a short-term OP and long-term ZK consensus, highlighting ARB, OP, zkSync, and StarkNet as major contenders. Web3 users prioritize privacy only when it provides economic value. FHE's encryption cost further burdens the already low on-chain efficiency, and large-scale adoption is feasible only when significant benefits justify the cost. For institutional clients needing public blockchains but unwilling to disclose all information, FHE's ability to display and trade ciphertext is more suitable than ZKP.
This article explores blockchain and cryptocurrency concepts, their associated risks, and common fraud schemes. From the basics of blockchain technology to potential scams in cryptocurrency trading, it offers comprehensive insights and preventive measures to help readers protect their assets and interests.
The popularity of BRC-20 tokens is bringing the Bitcoin ecosystem back into the public. The SRC-20 standard and the STAMP protocol are also gaining interest. This article lists seven websites to help you understand the SRC-20 protocol in detail.
Cysic will integrate chip-based computing power with community GPU computing power, incorporating a massive number of community validation nodes to ultimately build the Cysic Network, offering a reliable, all-in-one compute power and validation network for the entire industry.
This article explores the difference between Inscription and Rune. The inscription uses Segregated Witness and Taproot technology to "inscribe" content on the Bitcoin network. In contrast, Rune uses Etching to bind balances to UTXO, so Rune is technically more efficient, with lower transaction costs and without blocking the Bitcoin network.
Verifiable Computation (VC) is running a specific workload in a way that generates a proof of its workings that can be publicly verified without re-running the calculation. In addition to Bonsol, the Anagram build team has delved into many places in the VC space, projects like Jolt, zkllvm, spartan 2, Binius are the ones we are tracking, as well as companies working in the fully homomorphic encryption (FHE) space.
This article combines some of the latest topics of Runes to conduct a developmental exploration of the past of the Runes and Ordinals protocols, as well as similar asset issuance methods.
Runestone continues to hit new highs, and Runestone’s popularity is rising. This article will introduce you to 22 popular projects in the ecosystem covering NFT, infrastructure, DeFi and trading markets.
This article introduces an emerging Ethereum chain inscription method called "Blobscriptions". "Blobscriptions" are an upgraded version of Ethereum chain inscriptions that take advantage of new Ethereum features to reduce burning costs. The article first introduces the origin and founder of "Blobscriptions", and then explains in detail how "Blobscriptions" works and how to use it. Finally, the article also provides steps to burn "Blobscriptions".
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The champions of Pixel NFTs have dominated half of the top 10 spots on the recent BTC NFT hot list, with their avatars composed of small squares. Pixel art NFTs, carrying the nostalgic memories of the 1980s, have become a phenomenon in social circles. The unique style of NFTs attracts both investors and gamers, forming communities and seeking a sense of belonging. NodeMonkes has swiftly risen to become one of the top 3 NFT projects in the crypto world, despite controversies, within just two months. The Jubilee upgrade will bless all inscriptions, and cursed inscriptions will become discontinued, potentially marking a new beginning for the Bitcoin ecosystem. On January 5, 2024, the last cursed inscription was carved on a rare Cong, becoming the final swan song. Rare Satoshi’s carry extremely high premiums, with Block 9 being the oldest among them, and no new Satoshis will be created.
The champions of Pixel NFTs have dominated half of the top 10 spots on the recent BTC NFT hot list, with their avatars composed
This article explores inscriptions and their applications on the Bitcoin blockchain, as well as the associated theory of ordinals. By clarifying the confusion between the terms "ordinals" and "inscriptions," this article will help readers understand these two concepts more clearly, delving into their technical foundations and potential impacts on Bitcoin and the crypto industry.
Recursive inscriptions allow inscriptions to interact with each other, enabling new use cases. The generation of art, on-chain displays, and efficient storage has now become a reality. We can expect promising applications in art generation, chain games, metaverse, and more with the adoption of recursive inscriptions, as killer-level applications are believed to be brewing in the future.
The Broadcast Token Naming System (BTNS) is an asset issuance protocol based on CouterParty platform, which sets rich functionalities for tokens and has already formed a basic ecosystem.