#MyFirstSquarePost SAT20 protocol officially enters Binance Square!

SAT20 is a "Satoshi Standard" BTC native asset issuance and circulation protocol, whose core feature is that assets are bound to Satoshi and flow freely with Satoshi.

The SAT20 protocol consists of an asset issuance protocol and an asset circulation protocol.

Asset issuance protocol

SAT20 asset issuance protocol, the issued assets are called Satoshi assets (SAT20 ASSETS), assets are bound to Satoshi and have the properties of Satoshi:

1. Satoshi cannot be destroyed, so assets cannot be destroyed.

2. The data bound to Satoshi cannot be changed, so the assets cannot be changed after issuance.

3. Where Satoshi is, there are assets, and assets flow freely with Satoshi on different networks.

4. Whoever Satoshi belongs to, the asset belongs to, and when Satoshi is transferred, the asset is transferred.

5. The heterogeneous characteristics of Satoshi determine the heterogeneous characteristics of assets, and assets naturally have SFT properties.

6. Satoshi can be bound to any data, even smart contracts, which determines that assets have intelligence in a certain sense.

Asset circulation protocol

The SAT20 asset circulation protocol defines the circulation rules of Satoshi assets and provides an implementation sample.

1. Satoshi lock: lock and unlock Satoshi through the Lightning Network channel, support users to withdraw on their own, and ensure the safety of user funds.

2. Satoshi mapping: locked Satoshi are automatically mapped to the second-layer network and continue to circulate as Satoshi in the second-layer network.

3. Satoshi exchange: the core technology for the free flow of Satoshi in the second-layer network.

4. Core principles:

a. Safe withdrawal: at any time, users can decide to withdraw from the second-layer network on their own without the permission of others.

b. Client verification: for any asset, users can self-check whether the asset is bound by the Satoshi number.

Vision

One Sat, One Universe.

Let everyone enjoy the fun brought by the BTC network.