鸭梨Bfun

BTC Ecological Progress-20240908

BTC ecology is far from the point of route dispute. The most important thing is for everyone to make the pie bigger together.

RGB @DaPangDunCrypto RGB Just look at Teacher Da Pangdun. The LNP/BP Association announced the v0.11-beta8 version, which is getting closer and closer to the official launch.

Babylon @babylonlabs_io went to the Korean Blockchain Week, which was full of news about various activities; it is preparing for 2049.

Fractal @fractal_bitcoin The mainnet was launched on September 9, and the expectations were full. The Grands event was just released. The 0th phase gave 6 projects a total of 6w FB, and the first phase opened applications at the same time. Those who want to start a business can pay attention to it. If you want to know more details, you can read my previous push.

Merlin @MerlinLayer2 is still under construction. Recently, the Bitmap event was launched. The official subsidies are various, and there are dividends for staking Merl. Recently, the construction and empowerment of Bitmap has been ongoing, and I hope there will be good progress.

Nubit @nubit_org released a new version of Litepaper, aiming to build a new generation of consumer network infrastructure. At the same time, a mascot design event was launched. If you are interested, you can go to the homepage.

Botanix @BotanixLabs There is no new update for the time being, and it also participated in the Korean Blockchain Week.

RGB++: @CKB_CN CKB is preaching the public lightning network Fiber Network. Last week, I happened to have time to participate in a space of RGB++, and also raised the issue of information integration and classification. The official said that there will be changes, so we will wait and see.

Stacks @Stacks Nakamoto 21-day event, the latest issue is a discount to buy peripherals and free shipping

ZKM @ProjectZKM Technical flow is the same as always

BOB @build_on_bob There is no big change recently, continue hybrid L2

Corn @use_corn MEME-style Corn is working on various DAPPs

Rooch @RoochNetwork updated Rooch Portal v2.0

B2 @BSquaredNetwork participated in Korea Blockchain Week.

Bitlayer @BitlayerCN participated in Korea Blockchain Week; organized an event with Avalon to share points.

BEVM @BTClayer2 took advantage of FB to go online and continue to promote the RWA chain concept.

Smiley @bitsmiley_labs cooperated with BRCStarter, and can use bitUSD to participate in IDO

Chakra @ChakraChain just cooperated with BOB, and is working on a plan for interoperability between chains.

Tuna @TunaChain various cooperations, no major updates yet.

Dotswap @dot_swap 1st anniversary event, official promotion has a lucky draw event.

BTC Ecosystem Progress-20240830

Babylon @babylonlabs_io Mainnet staking pushed BTC gas to 1000+, and then dropped to single digits.

Binance @binance tweeted again to introduce BTC L2. The article was posted before, which seems to be foreshadowing something.

Fractal @fractal_bitcoin Will be on the mainnet in September. I don’t think anyone still doesn’t know. The token economics has also been announced. Speaking of my understanding of Fractal, I have a different understanding after listening to space last night.

Merlin @MerlinLayer2 is still building as always, with various cooperation and activities, such as Polyhedra and Bedrock. It seems to be expanding various communities in Asia.

Nubit @nubit_org Alpha Testnet Phase 3 is launched, and DAU has reached 10,000
Botanix @BotanixLabs is updating the testnet and developing the Korean community

Stacks @Stacks Nakamoto upgrade is completed, and a 21-day event has begun. I wonder if there are any opportunities here

ZKM @ProjectZKM is doing popular science as always, and I hope this technical flow can go more smoothly

BOB @build_on_bob has developed the stablecoin Carnival; at the same time, it has cooperated with a lot of protocols including Solv Bedrock meson izumi and the like

RGB++: CKB releases the next generation public lightning network Fiber Network. It’s hard for me to find the main source of RGB++. UTXO Stack’s official push is not good; RGB++ seems to have no official push; Seal’s is even more wrong; in the end, should we use CKB Chinese @CKB_CN

Corn @use_corn Why does it look like Arbitrum’s project to enter BTC? There should be a lot of people calling for it recently, so you can observe it.

Rooch @RoochNetwork has finished the hackathon and is working on many collaborations.

B2 @BSquaredNetwork is working on Honey Pot Season III with multiple projects

Bitlayer @BitlayerCN is exploring the Korean market

BEVM @BTClayer2 is working on HashFi, combining RWA and on-chain protocols to increase returns

Smiley @bitsmiley_labs seems to be entering the Korean market

Chakra @ChakraChain is holding an audit competition event, which will start on September 12. Is it not far from going online?

Tuna @TunaChain has just finished the one-month Ocean Voyage event

Dotswap @dot_swap is promoting the Rune Liquidity event

Mintlayer @mintlayer is promoting their $ML staking

BVM @BVMnetwork has launched new products Supersonic & Hybridsonic

You all said that ETH's L2 is no longer working, and it's been disproven.
But I looked at the GAS of ETH's main network and fell into deep thought. Isn't L2 meant to solve the high gas and performance problems of the main network?
Doesn't the current situation just prove that ETH's L2 is very successful?
😂

$BTC $ETH

$BNB

ETH for stable income
BTC ecosystem for Alpha with capacity
Ton ecosystem for exploration

There are fewer and fewer Alphas on the market, so listening to podcasts is more rewarding.

BTC Ecological Potential Protocol 🧙

Previously, what we talked about were basically related to Layer 2. At the same time, there are many projects built on the BTC Layer that are also worthy of our attention. In addition, there are indeed too many projects in the BTC ecosystem this time. We will first focus on projects with large financing amounts and high volume. We will temporarily include these projects in the observation list: EASTBlue anetaBTC Mintlayer Gelios BIOP Bitsat U Protocol Mirror Staking Protocol ZKBASE TunaChain QED Liquid BTC Interlay Cashu.

Babylon @babylon_chain is a well-known project. Simply put, Babylon allows BTC to be pledged in your own wallet and provides POS services at the same time. Its main mechanism is to use time lock and hash lock technology, combined with hash time lock contract (HTLC) to achieve functions. Recently, new financing has been announced, with super high attention, and the test network is particularly popular. I have to find out what good ways to participate in the project.

Chakra @ChakraChain Chakra does a lot of similar things to Babylon, but it uses ZK (Stark's) technology, has Stark's support, and has recently collaborated with Babylon. Here's Chakra's introduction:
ChakraChain's vision is to achieve widespread use and trust of Bitcoin in various blockchains and applications through a Bitcoin re-pledge protocol based on zero-knowledge (ZK). Its goal is to bring Bitcoin liquidity to the entire crypto ecosystem, enabling Bitcoin holders to participate in the consensus and governance of different blockchains. The following technical features are available
1 Self-custody pledge: Bitcoin will not leave the user's wallet during the Bitcoin pledge process.
2 Zero-knowledge proof of pledge: Ensure verification of pledge events through zero-knowledge proof.
3 Trust-minimized Bitcoin Settlement Network: Simplify the settlement infrastructure of Bitcoin L2 solutions.
4 Re-pledge service: Verify in multiple places through proof of pledge to provide additional rights and services.
5 Derivatives: Proof of pledge can be used to create derivatives of Bitcoin assets and interact with DeFi applications.
Chakra recently has a test network to participate in, just like Babylon.

Nubit @nubit_org Nubit is the first Bitcoin-native Data Availability Layer (DA), designed to enhance Bitcoin’s data processing capabilities and strengthen the Bitcoin ecosystem.Nubit is committed to expanding Bitcoin data capacity without compromise, supporting applications like Ordinals, layer 2s, price oracles, and indexers, thereby broadening the scope and efficiency of the Bitcoin ecosystem.
1 Unlimited capacity
Nubit provides a wide range of throughput capabilities, making it possible to build modular services across all categories without restrictions.
2 Trust minimization
Nubit fully inherits Bitcoin's security, including economic security, tamper resistance, and censorship resistance, using an innovative high-performance consensus algorithm.
3 Designed for the Bitcoin ecosystem
Nubit is not only Bitcoin's first data availability layer, it is also an initiative to promote Bitcoin data capabilities and strengthen the Bitcoin ecosystem
Nubit has also opened a testnet. Because the recent financing data and institutions are not bad, it is recommended to start. This time it is a social task, and the next will be a light node. The social task is relatively simple, but I suggest you take the water as a daily routine.

Bool @bool_official Bool is a modular data availability (DA) layer that uses ZK, MPC, and TEE (trusted execution environment) technologies. The project aims to provide a decentralized and secure Bitcoin verification layer driven by MPC-based distributed key management.
Verification mechanism: A unique proof verification protocol is used to verify transactions through a decentralized network.
Scalability: The scalability of Bitcoin is improved by separating the verification task from the main blockchain.
This project itself has a general voice, so you can pay a little attention to it. They also have staking and invitation activities going on.

Fedimint @fedimint fedimint is an open source protocol for community custody and trading of Bitcoin, aiming to emphasize privacy protection and reduce dependence on large centralized exchanges.
1 Federal Trust
Fedimint manages the custody of Bitcoin by distributing trust to multiple trusted entities (called "guardians"). This approach avoids single points of failure and improves security and reliability.
The consensus mechanism between guardians ensures the security of funds, and even if individual guardians are compromised, it will not affect the overall security.
2 Privacy Enhancement
Fedimint uses privacy technologies such as zero-knowledge proofs to protect users' transaction privacy.This means that transaction information is not visible on the public ledger, thereby improving user privacy.
Through the hybrid mechanism, Fedimint can obfuscate the transaction path, making it difficult for external observers to easily track the flow of funds.
3 Scalability
The federated architecture designed by Fedimint allows the system to maintain high performance and low latency while increasing the number of guardians. This scalability enables Fedimint to handle large-scale transaction needs.
There has been no news about this project recently. I paid attention to it entirely because of the high financing. If there is any further news, we will continue to follow up.

Potential projects on BTC’s second layer that have not yet been launched

Most of the second-layer projects that have been launched are sidechain architectures, which use various technical solutions to achieve cross-chain asset security and chain security. Most of the following projects have special solutions, so they are basically still under development. Stark announced his entry into the BTC ecosystem yesterday, making this ecosystem more lively! But it seems that many projects depend on whether OP-CAT can pass.

In addition to these second layers, there are actually many protocols related to the BTC ecosystem (staking; DA, etc.). Due to space constraints, we will talk about it next time.

Botanix @BotanixLabs should be a Western second layer that many people pay attention to. Now the test network is in progress, and I know that many projects are ready to build on it. BTC assets are protected by the decentralized multi-signature network Spiderchain. Botanix uses the Bitcoin block hash value as the source, randomly selects nodes to participate in PoS block generation, and finally confirms that the block header is engraved in the BTC block. All L2 assets on BTC are protected by the multi-signature network Spiderchain. Nodes randomly form multi-signature groups to control the BTC in the multi-signature address. The cost of doing evil is high because the BTC pledged can be fined. Testnet address: https://botanixlabs.xyz/en/testnet

Citrea @citrea_xyz ZK-Rollup, dedicated to exploring and researching BitVM implementation. The Citrea network processes transactions in zkVM and generates zk proofs, which are engraved into BTC blocks. Optimistic verification is implemented on the BTC mainnet through BitVM to ensure that Citrea's settlement and data availability are handled by the Bitcoin mainnet. The project will soon open a public testnet, which should be the second layer that is most closely related to BitVM.

Fractal Bitcoin is Unisat's expansion solution. There is relatively little information available, and it has the following characteristics.
Virtualized Bitcoin Core: Encapsulates Bitcoin Core into a deployable and runnable software package, allowing multiple instances to run independently and recursively anchor on the Bitcoin mainnet.
Recursive expansion: Through a hierarchical structure, each layer is implemented using Bitcoin, maintaining consistent fractal characteristics and achieving unlimited computing processing power.
Multi-layer system: Without introducing other blockchain structures, the native engineering structure of Bitcoin is used to expand the system to ensure the robustness and scalability of the network.

Summary of recent Q&A content:
Security: Fractal can resist 51% attacks and ensure network stability through joint mining and dynamic difficulty adjustment algorithm.
Parallel chain: Fractal runs in parallel with the Bitcoin main chain, is compatible with all main chain protocols, and can be settled on the main network through inscriptions.
Native expansion: Fractal does not introduce additional structures and is a native Bitcoin expansion solution.
Innovation: The virtualization strategy is innovative in Bitcoin expansion and different from traditional expansion methods.
Implementation method: By customizing the Bitcoin core, a simplified BCSP is formed to achieve flexible customization and deployment.

UTXO Stack RGB++ expansion solution. RGB++ issues assets on the BTC main network and has a binding relationship with Bitcoin UTXO. Users can choose to "jump" RGB++ assets to the Nervos network for use. The jumped BTC transaction will output a specific UTXO on the main network, trigger related shadow transactions in the Nervos network, and the RGB++ asset information will be written into the Nervos UTXO. The unlocking condition is a specific BTC UTXO. Users can enjoy smart contract capabilities, lower fees, and higher performance in Nervos, and can also jump assets back to the BTC main network through isomorphic binding. Based on the above isomorphic binding ideas, Nervos also released the UTXO Stack application chain architecture, which is similar to Ethereum's OP Stack, and is developing its own lightning network. The performance of the Nervos network itself is not enough to support large-scale applications, so there is a Stack solution. The Stack chain should be a POS mechanism, and network security is provided by the pledged BTC and CKB. Recently, many applications based on RGB++ have been launched. You can pay attention to the following participation angles.

Rooch @RoochNetwork (Global State Machine) Rooch's solution looks very large, and many tools are made in the move language. In summary, there are the following features:

1 Verifiable Application Container (VApp Container): The Rooch team has developed a VApp container based on the Move language, including MoveOS, Move standard library and development tools, providing application execution environment and state maintenance functions.

2 Root to Bitcoin: Execute Bitcoin blocks in the VApp container, verify UTXO and convert it into Move objects, and provide Bitcoin's off-chain smart contract solution.
3 Distributed State Tree Protocol (DSTP): Through the distributed state tree protocol, different subtrees are distributed in the P2P network to achieve parallel processing and interoperability between applications.
4 Asset Leap Protocol: Design a cross-layer asset migration protocol to solve the high transaction cost and long confirmation time problems on Bitcoin L1 and realize asset flow between L1 and L2.
They are currently holding a developer event: Rooch Network Early Builders Program. Interested developers can go and have a look.

ZKM @ProjectZKM Metis is a development; Bridgeless Bridge is very interesting. Many people are optimistic about it, probably because it has some unique features in ZK. The zkMIPS white paper has just been released:

Blockchain Participation Safety Guide

#StartInvestingInCrypto

First

Choose a trustworthy cryptocurrency exchange. Without a doubt, binance is the best choice.

Second

On-chain security

Because the BTC ecosystem can only play EVM-compatible chains now, many friends who participate in the BTC ecosystem do not know much about the security of the EVM ecosystem. The security of the EVM chain is much more dangerous than that of BTC, so everyone must pay attention to security issues.

Regarding security-related content in the blockchain field, I recommend everyone to follow @evilcos. Mr. Yu Xian has made great contributions to the popularization of blockchain security. The blockchain dark forest self-help manual https://darkhandbook.io he wrote is really very comprehensive.

Of course, I also know that everyone likes to read summaries, so I will simply give you a summary (with picture 2). The summary is that I picked some situations that everyone will encounter in daily life, which is not comprehensive, so I still recommend reading the blockchain dark forest self-help manual. After all, safety is the most important thing.

🧙
Wallet security

☄️
Private key mnemonic security
1Any project that asks you to enter a private key or mnemonic is a scammer
2Safely store, try not to save it on a computer or cloud storage; try not to copy it

☄️
Cold wallet security
1Strictly check the transfer address
2No authorization

☄️
Project security
1Whether there is a security company audit
2The risk of the project party's front end being hacked
3Communication security: choose HTTPS URL, non-plaintext transmission
4The risk of the project party doing evil; compliance risk; financial security (whether the mechanism is easy to lose money)

☄️
Signature security
1Reject blind signature! Picture 1 is a blind signature
2Strictly control the amount of authorized tokens to spend, try not to choose the maximum
3Pay attention to these signatures! Authorization will be given: the signature contains hexadecimal DATA starting with 0xa22cb465; approve; permit; permit2; setApprovalForAll; increaseAllowance

🧙
Privacy and security

☄️
Computer security
1 Ensure security when downloading files
2 Do not click on strange links
3 Do not browse strange websites

☄️
Mobile phone security
1 Try not to jailbreak
2 Try to download apps through the app market
3 Do not use your phone to transfer or record mnemonics or private keys

🧙
Human safety

☄️
Be careful of the high-imitation account links behind the official Twitter tweets. High-imitation official tweets are a form of phishing that is common recently. Everyone must confirm again.

☄️
Be careful of official Twitter being hacked. Official Twitter is not necessarily 100% safe because it can be hacked
😂

Participation in the second layer of BTC

Recently, I have been sorting out all the projects in the BTC ecosystem and found that there are too many and too complicated projects. Fortunately, we are not doing research, so we don’t need to study all the projects clearly; we are here to make money
🤣
, focusing on projects that have participation points and can make money. I roughly divided them into several parts: mainnet online projects; high-potential projects that have not been launched; popular knowledge projects to be observed.

Today we will first study the projects that have been launched on the mainnet:

Merlin @MerlinLayer2 ZK-Rollup; support modularization; inscriptions; rune asset support, fully embrace the BTC ecosystem. The community foundation is strong. The mainnet upgrade was completed recently, gas dropped significantly, and the AA wallet is smoother to use. Next, we need to focus on the launch of the POS mechanism and the launch of Merlin Phantom. The price of $Merl has rebounded from the bottom by more than one time. There are still 25% of the short-term market liquidity chips that have not been unlocked. After unlocking another 12.5% ​​on the 19th of this month, the impact of the remaining unlocking will be very small.

Bitlayer @BitlayerLabs adopts the BitVM solution to build the Op+ZK bridge to improve cross-chain security. Now I remember correctly that the OP solution should be adopted. The first mining festival activity was launched online these days, and many activities are in progress. It seems that it is not particularly popular.

B2 @BSquaredNetwork ZK technology, DA layer is more distinctive. The pledge has ended and the assets can be withdrawn. Recently, there are cross-chain activity rewards. The market has improved and they have started to move. Recently, there is a Honey activity. Those who have previously stored assets through the BSC chain can receive U. The price of mining machines has dropped sharply, and the time for mining tokens seems to have not been determined.

BOB @build_on_bob is also an OP Stack; it plans to use BitVM technology to conduct joint mining with BTC in the future to enhance security. The pledge activity is currently in progress, and points can be obtained through the FUSION pledge activity.

BVM @BVMnetwork A platform that supports one-click chain issuance, Rollup-aaS (Rollup as a Service) The BVM burning activity is in progress, and it looks more like a push for entrepreneurial teams. $BVM Highest price 6.5, current price 1.5

BEVM @BTClayer2 BEVM is the first EVM-compatible Bitcoin L2 built on Taproot Consensus, backed by
@BITMAINtech The mainnet has been launched, and the support for inscriptions and runes is relatively strong. The ecosystem is relatively small, and there are some Airdrop Campaigns. The combination of this and Taproot is interesting and can be studied.

Mezo @MezoNetwork Mezo is a BTC second-layer network built on tBTC. It uses the Cosmos EVM architecture and realizes asset transfer from BTC to Mezo L2 through tBTC's multi-signature cross-chain bridge. Mezo introduces the Ponzi economics of HODL Proof, which is similar to BTC staking's ve 33. Recently, the invitation-based staking-Mezo Portal was opened.

Stacks @Stacks "Proof of Transfer" (PoX) consensus mechanism. This is a method that mixes Proof of Stake (PoS) and Proof of Burn (Proof of Burn). A 20-year-old project, Stacks is launching a trusted two-way Bitcoin anchoring system called sBTC, which will solve the Bitcoin cross-chain problem and make Bitcoin more programmable. sBTC allows decentralized BTC movement, ensuring that transactions are fully protected by Bitcoin's hash power. The mainnet upgrade Nakamoto is expected to be carried out in August, and the performance will be improved after the upgrade. It is hard to describe the network performance before the upgrade. Let's see what will happen after the upgrade. I heard that some projects are ready to build on it. $STX The highest historical price is 3.86 (end of March this year), and the current price is 1.95

RSK @rootstock_io is a doomed project in the last cycle. It raised a lot of BTC and is suspected of lying flat. It has been speaking frequently recently. I don't know if it wants to take advantage of this favorable wind to do something. $RIF The highest historical price is 0.456 (21 years), and the current price is 0.17

CKB is quite special. I temporarily use RGB++ as the asset issuance plan and UTXO Stack as the expansion plan. It is not online yet, and we can talk about it later.

已上线BTC L2观察-地址 TX Gas等

BTC L2跑了一段时间，看看数据。
回头慢慢分析各家特点。

Merlin-Explorer https://scan.merlinchain.io
BOB-Explorer https://explorer.gobob.xyz
Bitlayer-Explorer https://btrscan.com
B2-Explorer https://explorer.bsquared.network
BVM-官网 https://bvm.network https://pic.x.com/5lmjf6jvyx

$BTC $ETH $BNB

Good morning, dear US stock ETF traders, you will soon welcome a new trading target - ETH ETF. Please sit tight and hold on to it. Be careful not to be thrown off the car, because the speed may be fast or slow! ​​​

https://free.tech You can collect this cross-chain bridge.

M-BTC; SolvBTC; Stone (Merlin and B2) basically use this company for cross-chain. It seems to support most of the cross-chain assets of BTC layer 2, including BTC and mainstream EVM assets such as ETH Stone. Those who want to cross-chain Farm between various second layers can pay attention to it, it may be useful.

Merlin’s M-BTC and SolvBTC promoted a few days ago seem to be able to cross Linea.

This positioning is also interesting - Free your staked assets, but I don’t know what the background of his team is. If you know about it, please share it.

At this time when each chain needs TVL, such a cross-chain infrastructure does solve the pain points of many people, but I don’t know what the technology and team background are. I have used it to do some small cross-chain before, and there are no problems.
$BTC $ETH $BNB

From today on, be a person with light in your heart. Be confident and strong, keep your passion, and pursue your dreams with a positive attitude. Having light in your heart can not only illuminate yourself, but also others. May your heart be bright and become a better self. A new day, good morning! IO L0 Taiko I fuck your mother

$BTC $ETH $BNB

Value investment is in vain, and you live in the palace by all-in MEME?

Recently, the market trend is all on MEME, because there are too many "legends" or "friends" who have made money on MEME; plus the so-called "value coins" have performed too badly; "VC coins" have suffered heavy losses due to high valuation and low circulation, and retail investors have taken over; all these reasons have caused everyone to turn their attention to MEME.

Is MEME really a good choice for retail investors? I think for most people, it is not. Of course, if you have a reliable Alpha information source; rich on-chain experience; enough tools (various bots); good trading discipline; plus a strong shouting matrix, then of course you have to play, and you must play.

Why do I say that most MEMEs are not suitable for most people:

1 There are countless MEMEs issued every day, and most of them have a life cycle of no more than one day. The essence is all in PVP. Why do you think you can beat others?

2 Most of the MEMEs you can see are widely spread currencies. The cost of your participation is much higher than that of those who just started. From the perspective of cost, your odds are low.
3 The situation on the chain is becoming more and more complicated. There are not only various honey badgers, clamps, and preemptive runs, but even MEME disks that specialize in cutting BOTs.
4 You bought the golden dog by chance, but because you don’t have good trading discipline, you surrender your chips with the violent fluctuations, and flee with a small profit.

Then can MEME be played? Of course you can!

After all, BITCOIN, the foundation of blockchain, is the largest MEME. There will definitely be many people who disagree with this statement, but if you look back at the development history of BITCOIN, you will find that the point-to-point electronic currency trading system mentioned in the white paper has not been widely popularized, but has become the concept of "digital gold" for value storage. This simplest consensus is the easiest to be remembered and spread by everyone.

So how to choose MEME?

1 The cost must be low enough, that is, the FDV cannot be too large

2 There must be cultural attributes, similar to the provision of emotional value

3 The community is strong enough, or at least firm enough

4 It is best to have narrative innovation

5 The dealer is rich enough, and you can take advantage of it

Are there very few coins that meet all these conditions at the same time?Less is better. How can there be so many opportunities to get rich quickly? But there must be hope, otherwise, won’t you become a salted fish?

$BTC $ETH $SOL

#UNCOMMONGOODS - Yesterday, Gas was low, so I bought this.

To be honest, I didn't approve of this thing before. After all, how much total amount can be obtained after 4 years of buying! How much FDV can be obtained!

Later, I changed my mind because of one thing I insisted on: focusing on finding low-priced chips, and low-priced chips with characteristics, hope and prospects.

Then UNCOMMONGOODS just meets all these characteristics:

1 First is First: The first rune token

2 Fair launch: Anyone can buy, and everyone has the opportunity to buy

3 Cost advantage: Buying when Gas is low is more advantageous than buying when Gas is high, and the cost is lower.

4 Future: As long as you believe that the BTC ecosystem has a future, then you have no reason not to believe that the rune token has a future. If you believe that the rune token has a future, then you have no reason not to believe that the No. 0 token has a future.

5 Prospects: Currently, the number of addresses is over 30,000. It is a truly ownerless token with iconic significance. In my opinion, it is also a token with great chances to be listed on a big exchange. It may not require too much deliberate effort. As long as the ecosystem develops and the number of participants increases, it will happen naturally.

6 Surprise: Is it possible that the future rune project tokens will be airdropped to the address that played the rune No. 0 in the early stage?

Of course, the value discovery process may be unpredictable. No one can say whether it will be 4 months or 4 years. But if your cost is low enough, you may have a much better mentality if you can get a diamond hand.

The market trough some time ago seems to have come to an end temporarily because of a big positive line, but we must always remember that investment at the trough is often the biggest source of your investment income. Therefore, when investing in something that goes against human nature, you must not spend money to watch the show.

$BTC $ETH $SOL

"Car Hijacking Guide"

Everyone is looking for a shortcut to A9A10, but the road is too rugged and few people can actually reach the other side.
In this wonderful place, Waibo Mountain, there are many wonderful legends: "I have a friend who got on the car xxx early, single currency A9", "I have a friend who minted xxx early, diamond hand, a wave of A9", "I have a friend...". The legend of "friends" is full of circles.
Everyone began to follow suit and began to look for various "cars" in the hope of getting to their destination by hitchhiking. Once you start choosing a "car", you will find: Damn, there are too many cars, it's hard to choose!

Come, a senior car repair master, show you what to pay attention to when hijacking a "car".

Car Condition

Most of the cars in Waibo Mountain have a very cool appearance and a full sense of technology, which will make you fall in love at first sight. But the engines under the iron sheet are very different. Some are tough and durable, some are in disrepair, and some have even been overhauled after an accident. Therefore, it is best to check the engine condition before you get on the car, and then you can decide whether to make do with it for a short trip or to go all the way. Of course, in addition to the hardware, the "driver" who drives the car can be said to be the most important software. His experience; skills; temper; personality; and even physical condition will greatly affect your journey experience. It is best if you can find a driver with a similar temperament, because the journey will be very tortuous and long. Once something happens that you don't get along with each other, it will be embarrassing whether you get off the car or the driver quits.

Destination & Stages

All cars will tell you that I am going to A9A10. But this is not the case. If you are unlucky, you may even encounter a "black car". When you drive to a place where no one is, you will be robbed and then kicked off the car. Therefore, you must keep your eyes open and always observe the direction of the car. But the most bizarre thing also appeared. Because the journey is too long, you must stop to rest in the middle; refuel, and some drivers may even need to smoke a cigarette or go to the toilet
😂
. As a passenger, should you take a break with the driver, or follow him closely to see if he has gone to the toilet, or accuse him of "Why aren't you driving yet?" when he is taking a cigarette break?" In short, the story of the rest area is the most exciting and the most likely to cause disagreements. When the car is moving, you have no time to care and can't do anything. Once the car stops, you seem to be able to do something. It is also very common to change cars in the rest area, but the results can be said to be very different. This matter is explained in detail in the soliciting article.

Speed

Whether the car drives fast or slow depends on the driver's style and road conditions, but no matter what, the speed will definitely be fast or slow. So I suggest that when you get on the car, find a comfortable seat and it is best to wear a seat belt, so that you don't Whether the car is going fast or slow, it can ensure your safety as much as possible, and you will not be thrown out of the car because of the high speed. If you feel uncomfortable sitting in the car, it is likely that you did not choose the right seat and chose the back seat. As we all know, the back seat is the most bumpy.
😂
In addition, the car is most dangerous when climbing and descending. If you don’t wear a seat belt, it is really easy to get injured or be thrown out of the car.

Soliciting customers

The most exciting part is here. This scene often appears when you start to choose a car and rest in the service area.

Speaking of which, there are many different ways to solicit customers:

1 Some show off their muscles: My engine is imported from Germany, the seats are all leather, the meals provided are of 5-star hotel standard, etc. For this kind of people, I suggest you take a closer look before getting on the car to see if the situation is true, don't just listen to what they say.
2 Some talk about ideals: The place we are about to go to is Taohuayuan, where there are beautiful mountains and clear waters, and the people are simple and honest. It is a paradise on earth! For this kind of people, I suggest you focus on observing the driver's character and previous driving record to see if there are any stains. If this aspect is passed, then you have to focus on the strength🤪
3 Even more outrageous is to say that other people's families are not good: So-and-so's engine has been flooded; So-and-so's car is an accident car; So-and-so's meals are pre-prepared dishes; So-and-so's uncle's second aunt's brother-in-law is a murderer, so he is not a good thing either. The implication is that other people's families are not good, only my family is good. For this kind of people, I suggest you stay away from them. Regardless of whether what he said is true or not, the situation is here, and it may be difficult to make any great progress in this circle.
4 Mixed type: This is a relatively high-level method. The above methods are used back and forth. It can be said that they are adapting to the situation and responding to the situation.

After talking about this method of soliciting customers, the old driver also talked about his own experience
1 You can listen to what the car says, don’t believe it all, DYOR;
2 You can see what other passengers say, don’t believe it all, DYOR;
3 FUD obviously has logical loopholes, don’t believe it, and stay away from him, because there is a high probability that he will recommend a "black car" to you;
4 FUD is well-founded, listen to both sides and you will understand, DYOR, verify whether there is a problem yourself;
5 You have to DYOR for everything, what is DYOR, DYOR=Do your own research=Do your own research. In my opinion, DYOR means that you should think clearly about why you buy; at what price the profit and loss ratio is high; if you buy it, what is your stop loss line; when will you stop profit after buying it and it rises. If you think about all these, you won't lose a lot if you make a wrong judgment, because you have a stop loss; if you make a right judgment, you can take a profit because you have a stop profit; you won't get off the train easily when you are FUDed, because you know why you bought it, and you can look back to see if the reason for buying it has changed. On the other hand, if you don't think it through yourself, it's interesting: if others say it's good, you get on the train, and when it starts to fall, you are told that it is a callback; when it starts to rise, you are told to hold; when others FUD, you think I'm right, so you quickly sell your stocks and run. It seems that you are not here to make money in the cryptocurrency circle, you are here to pay to listen to jokes in the cryptocurrency circle.

$ETH $BTC $SOL

BTC Ecosystem Participation Guide - About Account Security (Applicable to EVM)

Because the BTC ecosystem can only play EVM-compatible chains now, many friends who participate in the BTC ecosystem do not know much about the security of the EVM ecosystem. The security on the EVM chain is much more dangerous than that of BTC, so everyone must pay attention to security issues.

Regarding security-related content in the blockchain field, I recommend everyone to follow @evilcos. Mr. Yu Xian has really made a huge contribution to the popularization of blockchain security. The blockchain dark forest self-help manual https://darkhandbook.io he wrote is really very comprehensive.

Of course, I also know that everyone likes to read summaries, so I will simply give you a summary (with picture 2). The summary is that I picked some situations that everyone will encounter in daily life, which is not comprehensive, so I still recommend reading the blockchain dark forest self-help manual. After all, safety is the biggest thing.

🧙
Wallet security

☄️
Private key mnemonic security
1Any project that asks you to enter a private key or mnemonic is a scammer
2Safely store, try not to save it on a computer or cloud storage; try not to copy it

☄️
Cold wallet security
1Strictly check the transfer address
2No authorization

☄️
Project security
1Whether there is a security company audit
2The risk of the project party's front end being hacked
3Communication security: choose HTTPS URL, non-plaintext transmission
4The risk of the project party doing evil; compliance risk; financial security (whether the mechanism is easy to lose money)

☄️
Signature security
1Reject blind signature! Picture 1 is a blind signature
2Strictly control the amount of authorized tokens to spend, try not to choose the maximum
3Pay attention to these signatures! Will give authorization: The signature contains hexadecimal DATA starting with 0xa22cb465; approve; permit; permit2; setApprovalForAll; increaseAllowance

🧙
Privacy and security

☄️
Computer security
1 Ensure security when downloading files
2 Do not click on strange links
3 Do not browse strange websites

☄️
Mobile phone security
1 Try not to jailbreak
2 Try to download apps through the app market
3 Do not use your phone to transfer or record mnemonics or private keys

🧙
Human safety

☄️
Be careful of the high-imitation account link behind the official Twitter tweet. High-imitation official tweets are a form of phishing that has been prevalent recently. Everyone must confirm and confirm again.

☄️
Be careful of official Twitter being stolen. Official tweets are not necessarily 100% safe because they can be stolen
😂

$BTC $ETH $BNB

The picture was drawn at the end of January, and it doesn't look comprehensive now. But the classification may be roughly the same.

BTC L2 is undoubtedly a hot spot in the market, and projects are emerging in an endless stream. Many technical experts have also analyzed BTC's L2, which is worth learning. But a lot of professional knowledge needs to be learned, and many friends will feel overwhelmed after reading it! I studied it carefully and made a picture for everyone to understand in vernacular. Because I have a non-technical background, please forgive me for the unprofessional parts.

User experience (customer focus)

Is security guaranteed?

Whether to use native assets (BTC; inscriptions)

Can I use my original BTC address (subjective feeling)

Smooth, low gas, high concurrency (chain performance)

L2 definition (no orthodox definition yet, there may never be an orthodox definition)

Broad sense of L2:

1. Consume BTC as gas

2. With BTC as the underlying asset, it can be used as a dapp platform, and its performance is far better than BTC layer

Narrow sense of L2:

1. Whether it shares security with BTC. If BTC hangs up, can L2 survive alone? The most that can survive alone is called a side chain.
2. Is it censorship-resistant? Will node failures cause the network to be unavailable?

L2 that meets Ethereum standards:

1. Can the first layer verify transactions on the second layer?

2. Can assets on the first layer escape smoothly when the second layer collapses?

3. Add the narrow L2 standard

BTC's time, place, and people

Now the blockchain community is particularly divided: the BTC ecosystem is playing with inscriptions, "construction", and L2; the ETH ecosystem is playing with Restaking, nesting dolls, and modularization; the non-EVM public chain is issuing airdrops, grabbing traffic, and playing with MEME; everyone is playing their own thing, and it seems that there are fewer and fewer intersections. In contrast, in the last two bull markets, everyone in the circle would FOMO for the same thing, the Defi Summer of the last bull market; the ICO of the last time.

Simply hyping inscriptions cannot support the narrative of a bull market, because big capital cannot enter; restaking cannot support the narrative of a bull market, because it is not a narrative innovation; grabbing traffic is even less likely to support the narrative of a bull market. But the BTC ecosystem can. Why can BTC do it? To use an old saying of our Chinese: because the BTC ecosystem is at a stage where the time, place, and people all support it. (See the picture for details)

Time: Economic environment supports ecological explosion-US stops raising interest rates; Bitcoin ETF passed; BTC output halved

Locality: Technical foundation supports ecological explosion-Taproot upgrade + BitVM release; RGB protocol and BitVM two carriages

People and harmony: Traffic and funds focus on ecological explosion-Inscription Rune ecological explosion brings attention

The new capital, new traffic, and new gameplay brought by the BTC ecological explosion seem to be the most likely narrative to support this round of bull market. In 2016, an article on fat protocol and thin application laid the foundation for the investment strategies of many investment institutions and individuals and made a lot of profit. The release of BitVM filled the last piece of the puzzle for the explosion of BTC ecology. The emergence of BTC L2 scheme with more users should be the best proof, right?
Some people may ask: Why do we need to build smart contracts and ecology on BTC, an old antique? Why not do it on ETH with better infrastructure? To answer this question, we may not need to focus on technical issues, but on the perspectives of "funds" and "traffic". For funds and people who have not entered the circle, the volume of BTC is much greater than that of ETH. Based on this alone, the BTC ecosystem has the basis of "narrative".

What is the biggest difference between playing the BTC ecosystem and the ETH ecosystem? How should we play?

1 Pay attention to the "community"
The community of the BTC ecosystem is the real Builder. They spontaneously build the ecosystem, speak out, and even CX. Compared with the players in the ETH ecosystem who are now called "electronic beggars", they are truly valued by the project party and also enjoy the benefits brought by the development of the ecosystem. Therefore, they will stay with the project for a longer time.
2 Pay attention to "fair launch"
Compared with the current ETH ecosystem's project parties; VC; exchange groups, data contribution by the wool party, and secondary market harvesting routines, the BTC ecosystem pays more attention to the relative fairness of chip distribution. Allowing the community to get cheap chips and continue to build is a common pattern of the head inscription ecosystem we see now. We will find time to analyze the project party's ability to control the market.
3 Analyze the "pattern" of the project party
Even if we are optimistic about the BTC ecosystem, this ecosystem is still mixed with good and bad, and there will definitely be RUGs and group friends' entrepreneurial projects, so it is particularly important to pay attention to the project party. The pattern is a bit metaphysical, and it depends on one's own opinion. Let's take a small example to illustrate: there are project parties willing to refund participants who have ruined their projects. This behavior may prove that the project party has a pattern.

Let's deduce the possible scenarios that may happen next:
1 BTC L2 is launched one after another, and a large number of hundred-fold coins, thousand-fold coins, and even ten-thousand-fold coins appear, attracting everyone's attention.
2 A large number of newcomers and ETH players begin to enter the BTC ecosystem to pan for gold, and chickens and dogs rise to heaven.
3 Group members' entrepreneurship and RUG projects began to appear in large numbers, and market sentiment began to cool down.
4 ETH ETF passed, ETH began to follow the K-line trend after the BTC ETF passed, and players returned to the ETH ecosystem.
5 BTC ecosystem native smart contracts were launched. Under a sufficiently safe and decentralized situation, miners and Old Money were activated to enter the BTC ecosystem for financial management, and the BTC ecosystem value reached 1/10 of the BTC market value.
6 After the bull market entered a frenzy, profitable players distributed chips, the market began to stall, and the ecosystem with practical application value survived and became infrastructure in the next bull market.

Written at the end:
This article is some of my feelings after studying the BTC ecosystem recently. I have no intention of FUDing ETH at all. I also hold a large position in ETH. ETH is trying to find its next narrative, and I hope AI+WEB3 can have a good result. There has never been a life-and-death struggle in the currency circle. The most likely thing is that we all have a bright future. But each bull market will have its characteristics. I hope everyone can catch up with the main rising wave!