Looking back at the 2023 of the cryptocurrency world, Bitcoin is the biggest Alpha, but it is not easy to seize this opportunity

For this reason, I also started researching and learning from scratch, and I have been updating the popular science and tutorials in this area for everyone.

Below is a summary of all the content we have output for the Bitcoin ecosystem since 2023👇

1. The Ordinals protocol was launched at the end of December 2022. At first, people only regarded it as a digital artwork engraving protocol on the Bitcoin chain, using it to start the narrative of Bitcoin NFT eternal storage on the chain.

But there were still few players at that time. It was not until February and March 2023 that Yuga Labs announced the launch of Bitcoin NFT based on Ordinals, which attracted some people's attention. Uncle Jian also paid attention to Ordinals at that time, and immediately studied it and output popular science articles to everyone "Interaction | What is the Ordinals protocol? How to mint NFTs on Bitcoin?" & Early methods of trading NFTs "Web3 Popular Science | One article to understand three ways to trade Bitcoin NFTs"👇

https://jianshu.ghost.io/jiaohu0302/

https://jianshu.ghost.io/web30309/

The Bitcoin NFT craze in February and March did not last long, and Ordinals fell into a period of silence, so the team did not follow up. Until May, the amazing increase in the BRC20 token $ORDI attracted a large number of people in the cryptocurrency circle to pay attention to Ordinals.

However, Uncle Jian also realized it later and did not seize the early benefits of ORDI. However, good things come late. The team has seen the potential of the Bitcoin ecosystem and Ordinals, and decided to invest more time and energy to re-examine and study Ordianls and BRC20. During this period, we also provided everyone with a popular science article "Web3 Popular Science | Understand BRC-20 and Its Token Minting in One Article", which introduced the development of BRC-20, the underlying technology, and how to mint BRC-20 tokens. 👇

https://jianshu.ghost.io/web30518/

3. Later, with the ORDI price plummeting after the gate and OKX listing, Ordianls fell into a period of silence again, and most users returned to completing tasks and playing with the Ethereum ecosystem. Although the team has shifted most of its energy to other aspects, it has not completely ignored it as before, because we have a hunch that there will be more Alpha opportunities in the Bitcoin ecosystem and inscriptions.

Sure enough, in July and August, we studied Bitmap, the first metaverse project on Bitcoin, and believed that it had certain innovations and potential. We also made a video about Bitmap, in which we briefly introduced its principles and tutorials on how to subscribe and purchase. At that time, the floor of Bitmap was still around 0.0002btc, and now the floor is 0.003btc, which also has a 10-fold return👇

https://www.youtube.com/watch?v=zJ20XT6Nzv4&t=4s

4. By October, in addition to Oridnals, other asset protocols on Bitcoin also began to develop quietly, among which we believe Atomicals has some potential

But not many users knew about it at the time, so we published a popular science article titled "What is the difference between Atomicals and Ordinals, the new Bitcoin ecosystem protocols? How to participate?"

A brief introduction to the Atomicals protocol and a tutorial on how to mint 3D Realm. At the time, the cost of minting was about 1u, and later the highest price of 3D Realm reached about 20u. However, there was also a misjudgment that the price of 250u/piece of atom over the counter was too high, so I missed the opportunity👇

https://jianshu.ghost.io/web31026/

5. In November, the second spring of inscriptions has exploded. Due to the wealth effect and the influx of new people, other asset issuance protocols of Bitcoin have also attracted people's attention. However, there are too many new things, which are inevitably dazzling. In order to enable users to understand them clearly and intuitively,

After our own research, we published a popular science article "Comparison of mainstream coin issuance protocols in the Bitcoin ecosystem, which one will be better?", which introduced BRC20, ARC20, Runes, Pipe, and Taproot Assets, and compared them from multiple angles. The $atom $pipe floors mentioned at that time were around 300u and 100u respectively. Now the $atom floor is 10,000u, and $pipe is also stable at around 2000u👇

https://jianshu.ghost.io/web31116/

6. Because of the popularity of inscriptions, many users are actually using Bitcoin wallets and addresses for the first time, and know very little about Bitcoin addresses. Many fans also sent us private messages asking about knowledge about Bitcoin addresses.

Seeing that users have a need to understand this, we produced an article "Things You Should Know About Bitcoin Addresses", which briefly introduced the four types of Bitcoin addresses and suggested that it is best to use addresses starting with bc1p when playing inscriptions👇

https://jianshu.ghost.io/web311302/

7. At the same time, the craze for inscriptions has also spread to other chains. Do you still remember those friends who stayed up late with you to study inscriptions?

In order to give everyone a better experience of inscription, the Jianshu team combined the previous technical accumulation on the EVM chain and launched the batch inscription function in the self-developed toolbox Jtools, and it is free for everyone to use👇

https://x.com/jianshubiji/status/1730155990354661876?s=20

8. At that time, we judged that the Bitcoin inscription craze would radiate to Bitcoin NFT, so in order to let everyone catch this Alpha, we produced the article "Will Bitcoin NFT usher in another explosion? Inventory of which projects are worth paying attention to", which introduced the Bitcoin NFT projects that we thought had high potential at the time. Although we did not step on all of them, the performance of NodeMonkes was already eye-catching enough. Now it has become the top project of Bitcoin NFT, with a floor of about 0.2btc👇

https://jianshu.ghost.io/nft1121/

In September and December, we realized that although the number of users who came to play with the Bitcoin ecosystem was growing rapidly, their understanding of the basic knowledge and tools related to Bitcoin was still insufficient. They often encountered operations such as not being able to get inscriptions or burning inscriptions. During this period, fans also asked many questions in this regard.

Therefore, in order to make everyone understand and use UTXO more thoroughly, we have produced an article "You have enough Bitcoin, why is UTXO insufficient when casting inscriptions?", which introduces the knowledge of UTXO, how to split UTXO, etc.👇

https://jianshu.ghost.io/web31207/

10. At the same time, for some users who are new to Bitcoin and do not know how to use Bitcoin browsers, we have produced four articles on Bitcoin browser mempool to teach you how to understand and use mempool👇

https://x.com/jianshubiji/status/1740268334615244887?s=20

11. We briefly introduced the reasons and methods of using CPFP and RBF to accelerate Bitcoin transactions in the Bitcoin browser. Later, we received many feedbacks saying that they wanted to know more about the acceleration operation.

Therefore, we studied Sparrow Wallet and wrote an article for everyone, "It is very annoying to have your transaction stuck. This article will teach you how to use CPFP to speed up transactions?" to help you solve this confusion👇

https://jianshu.ghost.io/jiaohu0102/

In December, Bitcoin ecosystem innovation continued, and many new asset issuance protocols emerged. In order to keep everyone updated with the latest information, we published an article titled "One article to help you understand the recent new Bitcoin asset issuance protocols", which introduced Rune Alpha, CBRC-20, and BTNS. The leading tokens of this protocol, cook, bord, and sat, have performed well later, and the popularity of the CBRC-20 protocol has also been unprecedentedly high recently.

https://jianshu.ghost.io/web31221/

13. Later, we also learned about some users' needs for Bitcoin-related tools, especially in terms of new listings and monitoring on-chain dynamics. In order to let everyone master the methods and some thinking ideas of this tool, we have produced "How to Use Bitcoin Inscription Monitoring Tools?" to teach everyone how to use GeniiData to monitor popular inscriptions on the Bitcoin chain👇

https://jianshu.ghost.io/web30104/

14. The popularity of inscriptions has led to the increasing congestion of the Bitcoin network, which has also accelerated the development of Bitcoin L2. Everyone has high expectations for Bitcoin L2 and believes that it will be a big gold mine.

Of course, we think that ordinary users do not need to understand too deep knowledge principles, so we thought of the five most concerned questions and compiled them into an article "Five Questions to Help You Understand Bitcoin L2", which focuses on what Alpha opportunities will exist in Bitcoin L2 and which projects are worth paying attention to, but this is just one person's opinion, I hope it will be helpful to everyone👇

https://jianshu.ghost.io/web30113/

The above is a partial display of the results of our research and work on the Bitcoin ecosystem in the past year. While bringing you high-quality content, it is also a record of our own continuous learning process.

At the same time, the most profound experience that the explosion of Bitcoin ecology has given us is to "keep an empty cup mentality and continue to learn". Don't be lazy and biased about anything, because only in this way can we find the real Alpha. Let's encourage each other.