TRAC, a decentralized indexing protocol built on the Ordinals ecosystem, is the first indexer and oracle for ordinals. Yesterday, TRAC announced that it will expand its business scope to the Dogecoin network. Especially for DRC-20 tokens.
According to TRAC officials, they believe that a major challenge facing DRC-20 format inscriptions is the lack of effective tracking methods. This flaw makes it difficult for users to verify the authenticity and legitimacy of the DRC-20 during the casting process.
TRAC chose Dogecoin as the target of business expansion, mainly because the origin of Dogecoin is closely related to Bitcoin. Its uniqueness mainly comes from experiencing multiple forks, thus occupying a place within the Bitcoin ecosystem. Not only that , and because of Dogecoin’s affinity in the cryptocurrency community, Dogecoin is an ideal choice for TRAC service expansion.
As Bitcoin Inscription began to gain momentum this year, the infrastructure built around it has also attracted much attention. As a standardized interface, TRAC is specially designed for Ordinals to define how to create, manage and trade digital assets on the platform. This protocol supports a variety of Ordinals-related protocols, including BRC20 and sats domain names.
In the past 30 days, TRAC's price has increased by 147%, and was temporarily reported at US$7.33 at the time of writing, with a total market value of US$150 million.
