56 Photos and videos
๐ ๐ช As OIP-10 goes live at block #800010,
The ORC-20 standard ushers in a new era of efficiency and security for Bitcoin ordinals tokens,
paving the way for exciting new applications.
We designed ORC-20 to be a cash system.
Here is a dive deep of how UTXO-like model and the upcoming OIP-10 change are going to work.
docs.orc20.org/oips/oip-10
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OrcDAO retweeted
We're very excited to announce that @utxodex has launched an #ORC20 marketplace ๐ฅณ You can now Buy & Sell the $privacy token with inscription number #6896016 ๐
Trade now: utxodex.com/marketplace
#ordinalsBTC #orc20ordinals #ordinals #brc20 #cloakcoin #privacycoin #bitcoin #BTC
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1st Aeon is proud to introduce our phase 1 ORC20 index ๐๏ธ
Search and track #ORC20 tokens and #bitcoin addresses at: 1ae.io/orc20.
Welcome to 1AE: Your Gateway to Bitcoin ORC20. We have big plans!
1st-aeon.medium.com/public-rโฆ
#Ordinals #BRC20 $BTC #1AE
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We designed ORC-20 to be a cash system.
Here is a dive deep of how UTXO-like model and the upcoming OIP-10 change are going to work.
docs.orc20.org/oips/oip-10
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7/ Recycling and Reward
The virtual ATM acts like a recycling and reward engine for unused ORC-20 inscriptions.
When you send an unused inscription to the virtual ATM,
it marks the inscription invalid and recycles the satoshis that were used to create it.
In return, the virtual ATM gives you virtual credits, which you can use to inscribe new balances.
Over time, the virtual ATM accumulates a pool of unused satoshis. These satoshis are used to reward the ORC-20 ecosystem.
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8/ Remaining Balances
The remaining balances follow two simple rules:
1. No new "remaining balances" are allowed after OIP-10. Users no longer inscribe the "remaining balance" to complete a transaction. All new "remaining balance" inscriptions will be invalid.
2. Existing "remaining balances" stay valid, but can only be transferred to the virtual ATM in exchange for credits after OIP-10. User cannot use the existing "remaining balances" in a transaction.
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OrcDAO retweeted
25 Jun 2023
@OrcDAO OIP-12:
Introducing a new operation:
Sell.
Sample Syntax:
{
"p": "orc-20",
"tick": "orc",
"id": "2504160",
"op": "sell",
"amt": "10000",
"price": "1000",
"expire": "100",
"seller": "bc1pwhxpeuvauge29rrhjeyjq6y3489tw86nssl0s8lpvgn2exhntyjquctx6f",
"buyer": "anyone"
}
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Ordinals are accelerating Bitcoin
All interesting experimentations you need to know
banklesspublishing.com/the-cโฆ
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๐
Brace yourself, get ready for OIP-10.
We are moving forward with OIP-10, a new proposal to secure and simplify ORC-20 transactions on Bitcoin.
The proposal introduces a burn ๐ฅ mechanism instead of inscribing remaining balances, which will make transactions more secure and cost-effective.
With collective efforts @OrcDAO @GeniiData @ordinalsda @Cirus001
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ORC-20 indexers have shared consensus and committed to the long-term development of ORC-20.
We will make public knowledge of when OIP-10 will take place.
Previous "remaining balances" will still be valid until OIP-10, but DO NOT send them to other parties during transactions.
We believe OIP-10 will open a new chapter for ORC-20, making it a more secure and user-friendly token.
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Thanks for educating the community about ORC-20.
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The compatible wallet of ORC-20 must still be Bitcoin taproot address though.
However with more experimentation of ORC-20 in L2, ZK, and cross chain, it is possible that one day ORC-20 might be scalable with other chains like Ethereum.
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๐ ๐ช
Introducing the ORC-20 ranking page by
@coinranking
coinranking.com/coins/orc-20
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