Now that BRC 20 information is everywhere, the market is becoming more and more greedy. In this article, various RC 20 and trading tools will be introduced, such as SO L2 0, SRC 20...
On Tuesday this week, Binance launched the second BRC 20 (Inscription) token - SATS. The entire BRC 20 ecosystem has once again been energized, bringing positive signals to the further development and market performance of the BRC 20 token. Binance co-founder He Yi also said in the live broadcast: "Frankly speaking, we still have room for improvement in every aspect. Specifically, we have a dedicated team in product development responsible for iterations. For example, we often The issue of Web3 wallet mentioned. We did not invest enough in some areas before, but we will continue to optimize and improve according to user needs.
Because Binance’s wallet support for BRC 20 was not adequate, it lost its early competitive advantage. In May of this year, in the early days of BRC 20, OKX announced that it would join the construction and strengthen the wallet's support for BRC 20. Dune data on December 13 shows that the total transaction volume on the Bitcoin network Ordinals protocol chain is close to 920 million US dollars, and the OKX Web3 wallet accounts for about 88% of the market share. Binance currently lists ORDI and SATS to show the market that they actually attach great importance to supporting BRC 20.
The BRC 20 ecosystem and token continue to receive support from two large exchanges, Binance and OKX, which is a sign of its future potential. Exchange Weixin 1521221721 Binance continues to launch BRC 20 tokens, which can allow BRC 20 to gain wider recognition and liquidity. With the support of other mainstream trading platforms or wallets, the ecology and influence of BRC 20 will be further expanded. Attract more attention and provide more opportunities for investors and participants.
How to participate?
Participating in early markets and opportunities requires understanding more tools and basic knowledge, which can reduce your trading risks. The well-known BRC 20 is a protocol built based on the Ordinals protocol, and there are many RC 20 protocols that are also based on Ordinals.
basic knowledge
Today, we still use the most popular way to understand all protocols based on Ordinals. In addition to BRC 20, there are also ARC 20, IERC 20 (Ethereum), CBRC 20, SO L2 0 (Solana), DRC 20 (DOGE), ASC 20 (AVAX) ), ORC 20, LRC 20 (Litecoin), TRC 20 (Wavelength), SRC 20 (only supports Bitcoin addresses starting with 1), Ethrunes (Ethereum runes), including many new RC 20 public chains based on Ordinals Agreements, etc., and will continue to increase in the future, too many to be fully counted.
There are so many BRC 20 protocols based on Ordinals. It is not necessary to understand them all, and it is impossible to understand them all. You only need to understand the underlying essence of these protocols, so that you can have a certain basic understanding of the whole thing.
They are the same as the underlying essence of BRC 20. They also issue tokens, NFTs, domain names, bills, stamps, etc. by transferring 1 Satoshi and writing identification information in the transfer remarks box (the smallest unit of Bitcoin is 1 Satoshi/1 Satoshi, other RC 20 protocols Tokens are also issued through the smallest unit of L1 chain tokens), and the identification information in each unit is identified through the indexer
The difference between them and BRC 20 is that some basic modifications have been made, such as simplifying information and reducing byte data, token naming length, enhancing indexer efficiency, increasing protocol security, etc. Just like some public chains are in order to enhance TPS, some are in order to be more secure, and some are in order to increase the flexibility of contract coding, etc.
In the content of this article, I will not explain and analyze the differences in details in depth. It is just for everyone to have a basic understanding. The subsequent content will gradually progress from shallow to deep.
BRC 20 Tools
The importance of tools in human life cannot be ignored. They not only greatly improve efficiency. In the Web3 environment, we must understand wallets, trading platforms, and data platforms, which can help us manage our funds and make better trading decisions.
wallet
1. OKX Web3 Wallet
The most commonly used wallet for trading BRC 20 now, in addition to supporting BRC 20 and ARC 20 transactions and issuing tokens, NFTs, and domain names, it also supports the RC 20 protocol that runs smart contract public chains. The wallet that is also widely praised for its trading experience is the OKX Web3 wallet, and the OKX Web3 wallet is also very happy to help some BRC 20 protocol solve problems free of charge, thereby improving the technical level of the industry. OKX Web Wallet is very friendly to novice users. When browsing unknown web pages, risk warnings will automatically pop up.
目前 OKX Web3 钱包目前支持基于比特币网络的 BRC 20、SRC 20 （这个协议仅支持 1 开头的比特地址，不支持 bc 1 开头的），虽然支持 SRC 20 ，目前 OKX 钱包前端还没显示。在语言支持方面，手机端支持中文，网页端支持 21 种主流语言种类。
Trading market function: Both the mobile and web pages of the OKX Web3 wallet have built-in functions for trading and issuing BRC 20 tokens, NFTs, and domain names, and the OKX Web3 wallet also has very good trading depth in the BRC 20 market.
2. Unisat wallet
The OG wallet in the BR 20 ecosystem was the first to support the BRC 20 protocol, opening up a new avenue for the industry. Unisat DEX is still the same as in April ~ May this year. Users who have enough points to use new features now need 400 points to use DEX.
Download link: https://unisat.io/, currently supports BRC 20 and SRC 20 (trading SRC 20 tokens requires switching to an address starting with 1 in the wallet settings), but there is no mobile wallet, only a Google Chrome plug-in wallet.
Trading market function: Unisat’s computer web page has built-in functions such as trading and issuance of BRC 20 tokens, NFTs, domain names, etc. The trading depth of BRC 20 is second only to the OKX Web3 wallet.
Summary: For transactions and issuance of BRC 20 tokens, NFT domain names and other types of transactions, OKX Web3 wallet and Unisat can meet the needs of almost all users. For CR 20 tokens, NFT and other types of assets issued on smart contract public chains (ETH SLO AVAX, etc.), you can use the OKX Web3 wallet.
3. Atomic Wallet
Atomic Wallet is the most useful wallet that supports the ARC 20 protocol (Atomics Protocol). Currently, there is no mobile APP, only a Google Chrome plug-in wallet, and there is no built-in trading market on the web page.
4.Unielon wallet
Unielon is a plug-in wallet that supports the DRC 20 protocol. Currently, it only has a web page and no mobile APP. DRC 20 refers to the RC 20 protocol issued by DOGE (Doge Chain Coin).
Trading market function: Unielon’s official website has the function of trading and issuing DRC 20 tokens, NFTs, domain names and other asset types. Trading is as simple as Uniswap, and supports adding LP (liquidity) trading pairs, K-line charts, and data analysis.
When users want to trade in DRC 20, they need to first convert their wallet Dogecoin (DOGE) to WDOGE on the -Wdoge- trading interface before they can trade. After the conversion, they can trade DRC 20 tokens in the - Conversion - section.
Summary: Atomic Wallet only supports the ARC 20 protocol (Atomics Protocol), which we will introduce later. There are other wallet tools in DouLian. I have not used them myself, so I have not included them in the content.
trading platform tools
Below I will introduce the trading tools of RC 20 one by one. Since the above-mentioned wallets cannot do what these tools can do, we need better combination tools.
ARC 20 Trading Market
1. Atomic Market is a trading platform that can provide ARC 20 tokens and NFT transactions. You can mint tokens by entering the token name in the search box. The full name of ARC 20 is Atomics Protocol (also known as ATOM), which is based on the Bitcoin network.
SRC 20 trading market
1. Stampscan, supports trading and issuing tokens, and querying the position distribution data of the top 100 tokens. The depth of transaction volume is slightly lower than Openstamp.
2. Openstamp is the platform with the best trading depth for SRC 20 tokens, NFTs, and stamps. Supports ARC 20 token trading and issuance, NFT, and stamps.
ASC 20 trading market
1. Avascription is a trading market on ASC 20. ASC 20 is a protocol developed on the AVAX chain. Although the public chain RC 20 can be supported by the OKX Web wallet, in the trading market, Avascription needs to be used to help us find ASC 20 tokens, balances, transfers, and tokens being mint. As well as trading and issuing ASC 20 tokens.
SO L2 0 Trading Market
1. Tensor trade is an NFT trading platform on the Solana blockchain network and supports SO L2 0 tokens and NFT transactions.
2. Magiceden is Solana’s most powerful NFT trading platform. You can switch Solana on the web page to see SO L2 0’s NFT and token transactions. In addition, Magiceden also supports BRC 20 NFT transactions.
IERC 20 trading market
1. IERC 20 is the RC 20 protocol of the Ethereum network. You can trade IERC 20 tokens, mint tokens, and issue tokens on their official website.
ETHs trading market
1. Facetswap is a decentralized DEX based on ETHs, similar to Uniswap’s DEX. When trading, you need to convert ETH into FETH. You can see the Bridge button in the upper right corner of the web page. Enter the interface to exchange ETH into FETH.
2. Ethscriptions can trade NFTs of ETHs, and the experience is very bad.
3. ETCH, you can trade tokens, NFTs, and domain names on this platform. It is also an Ethscriptions indexer and an IDO platform for ETHs.
Ethrunes trading market
1. Ethrunes is an RC 20 trading market on Ethereum, they like to call it Ethereum Runes. You can directly trade, mint, and issue tokens by linking to the Little Fox Wallet or OKX Web3 Wallet.
TRC 20 trading market
1. Trximarkets is a TRC 20 trading market developed based on the TRON (TRX) network, which supports the trading, minting, transfer and issuance of TRC 20 tokens (the risk of this platform is relatively high).
Summary: CBRC 20 transactions are very cumbersome. You need to enter the Discord community to create a buy transaction order. When selling, you can use Runex.tech, and the experience is very poor. There is currently no trading market for ORC 20, and LRC 20 (Litecoin) has not been introduced because too few people use it.
data tools
In this imperfect market, there is no data platform available, and the data platform with the most data tools is the BRC 20 ecological data platform.
BRC 20 Data Tools
1. www.brc-20.io, BRC 20’s OG data platform. You can check the market value of BRC 20 tokens, the total transaction amount of tokens in 24 hours, the address balance, and a built-in DEX (decentralized exchange).
2. www.geniidata.com, with comprehensive functions. Query BRC 20, ORC 20 newly launched tokens, address balances, NFTs, mint tokens, videos, SVG, voice, etc., and indices. In addition, tokens, NFTs, videos, etc. can also be issued through this data platform.
Summarize
The preliminary trading tools of the BRC 20 ecosystem have begun to take shape. With subsequent iterative updates, functions such as DEFI liquidity mining will be further improved. This will promote the explosion of BRC 20 applications in the Bitcoin network ecosystem and provide users with a richer transaction experience.
