From the rising inscription ATOM to the small alligator NFT, one article guides you through the Atomical ecosystem
When exploring the grand and mysterious digital realm of the Bitcoin ecosystem, Ordinals and Atomicals shape and sustain new developments in this ecosystem in completely different ways.
Atomicals is primarily focused on creating and managing complex token systems on the Bitcoin network, while Ordinals is focused on creating and trading unique NFTs and data on the Bitcoin blockchain. They each play a different role in the Bitcoin ecosystem.
With the subsequent release of Atomicals Indexer version 1.3.6, ARC20 tokens will be able to be traded in smaller units through splitting. The UniSat team announced that it will support ARC20 starting from today and open ARC20 asset trading on December 28th. Servicing ARC20 assets on a daily basis.
This is not only a new chapter in the Bitcoin digital field, but also indicates that large trading platforms like OKX and Binance may soon join the party and start supporting ARC20 assets.
Atomicals Protocol is a simple and flexible protocol that can be used to mint, transfer and update Digital Objects on a UTxO model-based blockchain similar to Bitcoin. An Atomical is a way to integrate the creation, transfer and update of digital objects - it is essentially a chain of digital ownership defined according to a few simple rules. The philosophy of Atomicals is: No transaction history, not your digital object.
In order to help more users get started with Atomicals quickly, BlockTempo has compiled several common assets and tools in the Atomicals ecosystem in this article.
toolbox
ARC20
The token inscriptions of BRC20 are mostly based on zoo elements, while the tokens of Atomics are more like its name, exploring the mysteries of the universe and astrophysics.
Currently, Atomicals’ code repository ranks sixth on the GitHub monthly trend list. Entering the Atomicals community group chat, what comes to mind is the technical culture of deploying Bitcoin full nodes, deployment environments, and code sharing. It is filled with many scientists. If someone says that Ordinals is like BAYC, then from this perspective, Atomicals is More like Punk.
Atom
Different from the token Atom issued by the Cosmos project, Atomicals’ first ecological token $Atom has a total supply of 21,000 pieces, each worth 1,000 coins. Today, Atom has become a rare 10,000-fold currency in the Bitcoin ecosystem. Currently most of Atomicals’ liquidity and trading volume is still concentrated in ATOM.
According to Atomical Market data, as of the time of writing, the price of Atom is US$14.5, with a market value of over US$280 million and a 24-hour trading volume of over US$1.71 million.
AVM virtual machine
AVM, with a total supply of 21 million tokens, played a second-tier role long before tokens such as Electron and Neutron, but has now been surpassed in market cap. According to Atomical Market data, as of writing, the price of AVM is $0.284, with a market value of over $5.7 million and a 24-hour trading volume of over $710,000.
Electronic
Electron has a mining difficulty of 7 and is an ARC20 token created on November 19. The total supply is 18,400 and each is 54,600 tokens. According to official tweets, Electron mining takes up to half a month. According to Atomical Market data, as of the time of writing, Electron’s price is $0.008, its market value exceeds $7.6 million, and its 24-hour trading volume exceeds $110,000.
Neutron
Neutron has a mining difficulty of 8 and a total supply of 21,000 tokens of 100,000 tokens each. According to Atomical Market data, as of the time of writing, Neutron’s price is $0.002, its market value exceeds $3.9 million, and its 24-hour trading volume exceeds $300,000.
Neutron is characterized by “Empowered Bitcoin”, which is built on the basic technology of traditional Bitcoin while introducing enhanced features and functions. This concept integrates advanced protocols and innovative mechanisms to create a more versatile and efficient form of cryptocurrency. The Neutron Protocol team used nSequence fields to increase nonces, making mining 10x faster with ARC20 code optimization.
Additionally, Empower Bitcoin focuses on inclusivity and fairness in the mining process. It adopts an improved Proof-of-Work (PoW) algorithm that not only ensures the security and integrity of transactions, but also makes mining easier for a wider range of participants, moving away from the dominance of large-scale mining operations. This approach democratizes the mining process, allowing rewards and opportunities to be distributed more equitably within the community.
QUARK
QUARK has a mining difficulty of 6 and is still being minted.
The total supply is 500,000 cards worth 20,000 coins each. Currently, the cost of getting one is about 25u. According to Atomical Market data, as of the time of writing, the price of QUARK is US$0.001, the market value exceeds US$340,000, and the 24-hour trading volume exceeds US$43,000.
Similar to SATS, sats is the smallest unit of bitcoin, and quark is the basic unit of matter, so QUARK has meme properties to a certain extent. From the perspective of participation, on the one hand, the total amount of QUARK is 500,000, which will take a long time to be mined. This allows many people to participate and build a certain consensus. On the other hand, the mining difficulty of QUARK is relatively simple compared to Electron and Neutron. Coupled with the recent multi-thread optimization, most people have the opportunity to experience the thrill of mining.
In addition, QUARK has a high initial market value, many currency-holding addresses, and strong basic consensus. Therefore, some community members believe that QUARK is expected to become a meme currency that can break out of the Atomical ecosystem.
Quantum
Quantum is mined at difficulty 9 and has a total supply of 229.32 million coins. According to Atomical Market data, as of writing, Quantum’s price is $0.001, its market value exceeds $110,000, and its 24-hour trading volume exceeds $37,000.
Currently, Quantum is opening Dmint in Atomic, where numbers 0000-9000 are free, and numbers 9001-9999 require reading detailed tutorials and paying 1000 sat. But considering that Quantum is extremely difficult to mine, the secondary market is a good option.
Realm
Official X: @realmname
Currently, Atomics also has a token with the same name as “$realm”, but this is not a real Realm.
So, what is “Realm Name”? Simply put, it is like a unique label or address for you on the Internet. Usually the domain names we see on the Internet, such as “.com” or “.org”, are suffixes. But in the world of Realm, everyone registers the text of the prefix and has the power to price all suffixes.
Now, imagine you have a Realm, say “+abc”. In the world of Atomicals, it’s more than a name, it’s a door to endless possibilities. You can use it to build communities, organizations, or even groups within the entire Bitcoin ecosystem. It can be applied to games, social interactions, lands, medals, etc.
Specifically, Realm can be used as a payment address (just like your personalized payment name), and can also be used to build communities, authenticate identities, create social profiles, mark privileges, and even distribute assets. It is like a synthesis of identity and digital assets, without the limitations of traditional domain names. It starts with a plus sign, such as “+username”.
So when you own a Realm, you not only have the pricing power of all sub-fields, but you can also become a “registry”, allowing others to register sub-fields and earn registration fees. This is a brand new thing that completely subverts our understanding of traditional domain names. It can even become an alternative to the entire DNS system.
In short, Realm is more than just a domain name, it is a door and key to the online world, connecting various communities, organizations and groups, bringing new expansion and applications to the entire Bitcoin ecosystem.
Currently, pure letters have the best consensus in the Realm field, followed by numbers, of which 2-digit and 3-digit numbers are the most precious. Those with a mixture of numbers and letters are called “3 miscellaneous” by the community. According to Atomical Market data, as of the time of writing, the “3-miscellaneou” floor is around 25U; 3 pure-letter is around 200U; 2-miscellaneou is around 2000u.
NFT
Atomicals’ NFT minting method is called Dmint. This method is very interesting. Its design draws heavily on Bitcoin’s POW (proof of work) mining method, and its name is Bitwork. This update caused quite a stir in the Bitcoin community, causing many people to download and install the related environment, so that the GitHub code base of Atomics became a hot topic and ranked high in the overall market.
So, what exactly is Dmint and why is it so popular?
Simply put, Atomics can not only issue Tokens like BRC20, but also create NFTs with all data stored on the Bitcoin (BTC) blockchain. Also, it does it differently than Ordinals.
Dmint method of NFT minting is considered fairer and more decentralized. When the creator of an NFT wants to issue a series of NFTs, they need to number each image (for example, from 0000 to 9999), and then the Atomical protocol will calculate the hash value of each image file and generate a hash value for each image. A separate json file.
Next, the protocol uses the hashes of these images to calculate a proof via a so-called Merkle tree. This proof can be used to verify any NFT in this series.
The NFT deployer will write this certificate, together with the NFT’s name, description, logo, mining difficulty and other information, into a transaction and send it to the Bitcoin network to complete the registration of this series.
This way, deployers only need to send proof of NFT images during the registration process, rather than each image itself. Even if 10 million NFTs were deployed at once, it would not cost too many sats (the smallest unit of Bitcoin).
Then, the NFT project party will disclose the image and json file of each NFT. After the user selects the NFT he likes, he sends a Bitcoin transaction, records the image data and json file on the Bitcoin blockchain, and completes the casting (that is, claiming) of a single NFT.
The hash values of these NFT images can be mutually verified with the Merkle tree proof in the registered transaction, thus completing the issuance and minting process of the entire NFT series.
On November 31, the three projects of alligator (Atomtoothy), AtomCapybaras and SCIENTISTS were the first batch of NFT projects to Dimnt. However, because the total number of SCIENTISTS was smaller and the cost was higher, the degree of consensus of AtomCapybara is not as high as that of Atomtoothy.
So after almost a month, the little alligator TOOTHY has now become the truly leading NFT of Atomicals.
Little TOOTHY
The total amount of TOOTHY is 10,000, with the highest ever reaching 2,000U. This little toothy is also nicknamed the “financial crocodile”. According to Atomic Market data, as of writing, the price of TOOTHY is $1,580, with a 24-hour trading volume of over $97,000.
SCIENTISTS
The total number of SCIENTISTS is 400. According to Atomical Market data, as of the time of writing, the price of SCIENTISTS is $1,046, and the 24-hour trading volume exceeds $0.11 million.
FISHFACEMAN
FISHFACEMAN is an NFT project Dminted on December 23. The total amount is 10,000. The cost (Gas) to mint is about 50U. After being launched on the Atomic Market trading market, the maximum price rises to 300U. The project is the second in place currently.
According to Atomical Market data, as of writing, the price of FISHFACEMAN is $221, with a 24-hour trading volume of over $100,000.
References:
Note: The accuracy and details of this article benefit from the professional correction by Baicai (@Ca1aba93), to whom I would like to express my sincere gratitude.
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