Take stock of the new opportunities brought about by #Ordinals’ popularity, there is always one that can make you rich

Taking stock of the new opportunities brought about by #Ordinals  after the explosion, there is always one that can make you rich.
     #BRC20 In addition to #BTCNFT  and #BRC20 , there are more and more ways to play on $BTC. Recently, many new protocols have been released, such as ORC20, SRC20, and BRC721 , FERC20, ERC30 and fork protocols on various fork chains. Let’s take a look at these agreements today and see which agreements are brewing big opportunities in the future!
BTC NFT：  
     With the birth of the #Ordinals  protocol, it is the most OG existence. The content of the inscription is the NFT image, which is stored in the spending script of the Taproot script path.
Platform: http://magiceden.io/ordinals, http://ordinalswallet.com, http://bestinslot.xyz, OKX Ordinals market, etc.
Representing NFTs: Bitcoin Punks, DeGos, Crypto Frogs, Pixel Pepe, etc.
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Advantages: First-mover advantage, BTC native NFT, stored on the chain.
Disadvantages: Unchangeable, poor scalability, common problems with inscriptions (risks in the witness area, slow speed, expensive gas).
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BRC-20： 
     It is also based on the Ordinals protocol and realizes the deployment, minting and transfer of tokens by engraving the specified json data format.
Platforms: Unisat, OKX Ordinals, etc.
Representative coins: $ORDI, $PIZA, $VMPX, $OXBT, etc.
Advantages: First-mover advantage, relatively good tool support.
Disadvantages: BRC common problems (dependence on centralization, risk of witness area, slow speed, expensive gas).
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SRC-20/21：  
     Bitcoin Stamps, founder: mikeinspace and Ordinals. Different from the inscriptions stored in the Taproot witness area, the data of SRC is stored in the transaction output and can be saved permanently. SRC is developed based on an old Bitcoin protocol, Counterparty. Currently upgraded to SRC-21, the gas fee has been reduced.
Platform: You can currently check the token status through https://stampsrc.github.io.
Advantages: Data is maintained permanently, and there is no risk of Bitcoin network upgrade.
Disadvantages: Gas fees are expensive, current platform construction is not enough, and Bitcoin has common problems (slow speed, reliance on centralization). The website functions are not perfect.
Representative coins: $KEVIN, etc.
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FERC-20：
     The full name of Fair ERC-20 is actually based on the ERC20 standard protocol. It is not strictly part of the Bitcoin ecosystem, but its concept draws on the fairness of Ordinals. It is mainly achieved through three parameters: freezing period, holding conditions and pre-sale/crowdfunding price: when the user mints coins for the first time, he will enter the freezing period. If he wants to continue minting coins during the freezing period, he needs to pay a tip to the platform, and The tip is doubled for every additional coin minted. Setting holding conditions can prevent witches.
Platform: https://erc20.cash.
Representative currency: $FERC
Advantages: Provides a fair and convenient way to issue coins. Inherit the advantages of Ethereum over Bitcoin. A new concept, the money-making effect has been good recently, and the interaction threshold of eth is low.
Disadvantages: At present, it is only popular in China and remains to be seen.
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BRC-30：
     The standard proposed by OKX, an extended version of the BRC-20 protocol, adds Defi attributes to BRC-20: Introducing pledge-related operational functions such as deposits, minting, and withdrawals, allowing users to mortgage BRC-20 tokens or Bitcoins to mine BRC -30 tokens.
Platform: It is not online yet, it should be on OK.
Advantages: The advantages of defi: it can increase the income of BRC-20 assets, reduce token circulation, etc.
Disadvantages: Requires a centralized approach for income calculation and other operations + BRC common issues.
BRC-721/gen-BRC-721/BRC-721E：
     Similar to ERC-721, BRC-721's NFT metadata is stored on IPFS. It specifies the data structure of the collection and its items in the list based on json, which can verify the authenticity of the NFT collection. API parameters are provided, that is, the tokenURI field with a link to metadata, which facilitates external applications to call Gen-BRC-721. It is improved on the basis of BRC-721 and stores the image features separately with inscriptions. The minted NFT information is actually It is a reference to the deployment inscription, so as to store NFT metadata on the chain BRC-721E, and cross-chain the NFT on ETH to BTC, specifically by destroying the NFT of ETH and creating it on BTC. A single NFT can be cross-chained.
Platform: Currently, mint and other operations are performed in the form of TEXT through Unisat and other platforms, and the project side will provide relevant json data. BRC-721E general projects will provide cross-chain tools.
Representative NFT: OrdiBots (Gen-BRC-721), Bitcoin Milady (BRC-721E).
Popularity situation: Currently, BRC-721E is more popular than Gen-BRC-721 and BRC-721.
Advantages: It further enhances the interoperability of NFT and lowers the threshold for NFT from other chains to enter BTC.
Disadvantages: BRC common problems + insufficient tool support, relatively few projects, and the NFT data of BRC-721 is not on the chain.
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SRC-721： 
      It was just launched the day before yesterday. It is an improvement on SRC-21. It is similar to the idea of ​​​​Gen-BRC-721. The compression method of image data uses the concept of layer reuse: decompose the collection of images into multiple layers and store them separately, and reference them through small JSON files. These layers of data are combined into multiple layers to generate NFT. Increased resolution (up to 10K) while reducing casting costs.
Platform: FreeWallet is currently available. The first SRC-721 standard NFT Avime is through Discord mint, and the steps are relatively cumbersome. Transactions can be made through http://xchain.io, and NFT can be viewed through https://htmlpreview.github.io/?https://raw.g.
Represents NFT: Avime
Advantages: src has the same advantages (permanent storage) + NFT has higher resolution.
Disadvantages: Gas fees are still higher than BRC, supporting tools are insufficient, and complete images are not stored on the chain, so viewing requires relying on third-party tools.
Finally, let’s talk about my own views:
     The Bitcoin ecosystem will exist for a long time in the future, and the increasing number of new protocols and projects will lead to intensified competition. Fortunately, meme coins and NFTs will never end, but the rotation will accelerate. At present, the tools are not perfect, there is an operation threshold, and there are still a lot of waiting funds outside the threshold, so the hype will continue until the track switches. At present, it depends on the ability of each project or agreement to do things. The ordinals system and the src system each have their own advantages and disadvantages. It mainly depends on whether the user is willing to pursue security at the expense of low cost. In terms of NFT, due to gas fee issues, I feel that SRC is more suitable for NFT, an asset with relatively low liquidity, so you can pay attention to SRC-721. The cross-chain gameplay of BRC-721E may also be used by SRC in the future. Cross-chain can facilitate the entry of mature NFTs from other chains. Stock transfer is more convenient than new creation, so the cross-chain gameplay can be paid attention to. In terms of tokens, I am still optimistic about the ordinals system, after all, the tools are mature. Due to the OG attribute of BRC-20, everyone has already formed a habit and can still pay attention to it. As for other protocols, since they are relatively early, there are currently no phenomenal coins except for the initial coins. We still need to pay attention to the improvement of the supporting tools and the ability to do things in the future. FERC has a new story to tell, and it depends on whether it can make foreigners fomo.