Maybe everyone has played with the Bitcoin BRC20 project a few months ago. At that time, everyone was constantly inscribing day and night. The most popular ordi rose from 0.1 US dollars to 29 US dollars, creating a myth of getting rich quickly. In less than two months, many people achieved financial freedom from it. After it was listed on the exchange, the price could not continue to stabilize. The reason was that there was no dealer and the consensus was insufficient, resulting in serious selling pressure and insufficient supply of leeks. In addition, the rise of Bitcoin at that time was nearing its end, and then the price fell back.
Will Eths be the same project this time? First of all, this project is the same concept. The inscription on Ethereum is similar to the Ordinals protocol on Bitcoin, which allows people to engrave different types of files on the Ethereum mainnet as long as the size does not exceed 96KB. To be precise, the protocol is to note information (hexadecimal characters) on a transaction and then record it in the block.
The earliest Ethscriptions protocol was created in 2016, and Tom Lehman, co-founder and former CEO of Genius.com, developed a search engine and website for the protocol with the same name "Ethscriptions" on June 17. He said that these inscriptions use Ethereum calldata, which is cheaper and more decentralized than using contract storage, and can guarantee the global uniqueness of all valid content.
At the earliest, it only cost 0.8u gas fee to type one eths (there were 1,000 eths). Of course, the early inscriptions have been typed, totaling 21,000, with a total of 21 million eths. Now if you want to trade this eths, you can only trade it over the counter, like the previous BRC20 project on the Bitcoin chain, on an over-the-counter exchange or on a specific website.
How to trade? Open https://www.etch.market/tokens/info?p=erc-20&tick=eths, then link your wallet, and you will see many people trading on it. The fomo sentiment of ETHS is high in the Chinese community. In the Chinese community, people rely on WeChat groups to place orders and find KOLs to act as middlemen to guarantee transactions, forming an over-the-counter trading market. There are also many people shouting crazily on Twitter. Now the price has been hyped up to US$0.7 per piece, and the price of 1,000 pieces is about US$700-800, which is a 1,000-fold increase.
It is still being promoted. If it is listed on the exchange later, it may continue to rise. If it has been printed before, congratulations on your wealth. If not, just take a look. There is no application yet. It may be like the project on the brc20 of the Bitcoin inscription. When a gust of wind blows, some pigs fly to the sky, and some people are scratched, and finally the pigs will fall from the sky.
You have to make money early in this circle. I say it three times because it is important: discover early, participate early, and leave early.
