So what is Bitcoin Inscription?
Briefly: Bitcoin inscription is the technology of engraving or storing information on Bitcoin. Each Bitcoin is divided into 100,000,000 units, called satoshis (SATS). Inscriptions can be in the form of text, pictures, videos, and audio, and the content is written into the storage space of Bitcoin through the protocol.
The working principle of Bitcoin inscription can be compared to writing or drawing on paper money, but all operations are done in the digital world using blockchain technology. This means that once the information is written into Bitcoin, it cannot be changed or deleted.
Summary: Inscription is a new technology that uses a mark on Bitcoin. If Bitcoin is likened to digital gold, then the inscription is a gold ornament, and its essence is also gold.
Text-based inscriptions are mainly used to create tokens, such as the BRC-20 Token standard. The BRC-20 Token standard is similar to the ERC-20 Token standard on Ethereum, which allows users to create their own tokens and trade them on the ordinal market. Hundreds of BRC-20 tokens already exist, some of which have high market capitalization and liquidity, such as Ordi, Pepe, and Meme.
Image-based inscriptions are mainly used to create NFTs (Non-Fungible Tokens), which are collectible digital artworks or collectibles. These NFTs can represent various themes and styles, such as animals, cartoons, abstracts, etc. Although the number of image-based inscriptions is not as large as that of text-based inscriptions, they are more popular in the market. The most expensive Bitcoin inscription at present is a picture called "Genesis", which is said to have a market price of up to 10 million US dollars.
Inscriptions originally referred to digital collectibles (NFTs) engraved through the Ordinals protocol, but now have become a well-established and popular new asset Fair Launch method in various chains. This is also unexpected for Ordinals founder Domo. More creative protocols and projects are expected to emerge in the future.
Inscriptions and memes alone cannot change the overall weak state of the Bitcoin ecosystem.
Therefore, the Inscription IPO was born. Currently, Binance and OKX are actively listing the Inscription project. Driven by many innovations such as Ordinals/BRC-20 around Bitcoin,
Related basic designs such as liquidity, DeFi, and other similar products commonly found in other ecosystems also need to appear on a large scale.
Currently, projects related to building Bitcoin infrastructure are beginning to attract market attention and have seen astonishing growth.
Here are a few key points that signal huge opportunities in the Bitcoin and Inscription space: BRC20 tokens are tied to the value of Bitcoin:
The BRC20 token is directly linked to the value of Bitcoin, and this binding means that the stability and appreciation potential of BRC20 are closely linked to the Bitcoin market. This provides investors with an investment opportunity that is synchronized with the mainstream cryptocurrency market while reducing the risk of investing in a completely new token with no basis.
Bitcoin’s Potential in a Rate Cutting Environment:
When major central banks around the world cut interest rates, traditional investment channels become less attractive and people tend to look for new investment channels. In this environment, Bitcoin, as a non-traditional asset, has the potential to avoid inflation and provide high returns, attracting more investors.
The huge growth of Bitcoin’s market capitalization:
As more institutional and individual investors enter the Bitcoin market, Bitcoin's market capitalization is expected to grow significantly. This growth in market capitalization not only reflects increased acceptance of Bitcoin as an asset class, but also means more money is flowing into the market, pushing the price higher.
The booming crypto market:
The rise of the BRC20 inscription heralds a new phase in the crypto market. This will drive the development of new businesses and projects, thereby creating a massive market with an estimated market value of 1 trillion yuan. This provides ordinary investors with an opportunity to join these emerging businesses and projects.
The inscription mechanism reconstructs the market game rules:
The implementation of the inscription mechanism has changed the basic rules of the market, especially the community consensus has become the core driving force of the market. This consensus-oriented market structure provides retail investors with greater voice and influence.
Here is a summary of some good Bitcoin ecosystem infrastructure targets, some of which have been listed on major exchanges, and others are more likely to be listed on major exchanges.
Bitcoin Ecosystem Launcher: Bounce Finance (auction) has been listed on Binance and OKX
Bitcoin cross-chain bridge: MultiBit (mubi) has been listed on Gate, Bitget, and Matcha
Bitcoin L2 DeFi leader: Stacks (STX) is now listed on Binance
Bitcoin DeFi Platform: Alex lab (Alex) has been listed on Gate and Matcha
Lightning Network Asset Issuance Platform: NostrAssets (TREAT/TRICK)
MakerDAO of Bitcoin Ecosystem: BitStable (BSSB) is now listed on HTX
DAI in the Bitcoin ecosystem: DAII
Bitcoin Ecosystem Launcher: TurtSat (TURT) has been listed on Gate, Matcha, and HTX
Bitcoin Ecosystem Cross-Chain + Lending Protocol: Bitdova (DOVA)
Decentralized Stablecoin Protocol for Bitcoin Ecosystem: Uplink Finance (UPFI)
How to choose Inscription Token investment?
1. Number of holders. Currently, the maximum number of sats is 40K+, followed by bitmap at 25K. I think the safe holding threshold for new minting projects is 4K+.
2. Trading volume. New projects with an average daily trading volume of more than 25 BTC have something interesting.
3. New things with high slippage and poor experience, emotions are so high, funds are so fomo, just rush in and it's over;
4. BRC 20 is pure air at present. Air has investment value. Projects with roadmaps, expectations and institutions are all garbage in the bull market.
5. Instead of analyzing value investment, it is more reliable to look at metaphysics. Ordi, sats, rats, bear, mubi frog, are all top-level eight-character wealth patterns. The right time, right place and right people are all indispensable.
6. A good project does not mean a good price, but a good price will definitely lead to a good project;
7. Don’t ignore the NFT on BTC. There will definitely be small air pictures that surpass the existence of BAYC.
The current situation is that although the inscription is hyped, it can indeed drive the Bitcoin ecosystem, so the top bosses in the currency circle are rushing to add fuel to the fire and prevent the heat from going down. Because the more active the Bitcoin ecosystem is, the higher the future potential of Bitcoin will be. This is undoubtedly a huge benefit for those giant whales who hold a large amount of Bitcoin.
Or inscriptions allow miners to earn free income from transaction fees, so they are also pouring oil.
Moreover, not many countries in Europe, America, Japan and South Korea have joined yet, so the fire of inscriptions will continue to burn in the short term.
However, the inscriptions are too popular, and the leaders such as ordi sats are too popular. The big guys found that the trading volume of Bitcoin has dropped seriously and can't go up at all. Everyone has gone to copycats, and they have put the bottom line aside. In addition, the positions of the two leaders are also very high, and they have started to adjust recently. At present, there will not be much change before BTC goes up.
Of course, it is still worth paying attention to the new inscriptions. After all, the investment is small and the expected return may be very high.
What is the future of inscriptions?
The mainstream view at present is that no matter how beautiful the bubble is, it will eventually disappear, because it has no actual value and is all copied, just like building a building in quicksand, which may seem prosperous but may collapse at any time. Moreover, its appearance itself violates the original intention of Satoshi Nakamoto to design Bitcoin.
So unless new ways of playing emerge in the future, I am not optimistic.
But looking at the current situation, who can say that false prosperity is not prosperity?
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