I have a feeling that something big is about to happen at #DRC20 . I would like to take this opportunity before the year to introduce to you the prospects of DRC20 and some of the popular inscriptions~
📌What is UniElon? Unielon is a revolutionary wallet application driven by the DRC-20 Cardinals protocol. Leveraging the power of decentralized governance, Unielon allows users to actively participate in the Dogecoin ecosystem. It is currently being integrated with multiple well-known WEB3 wallets because of the Cardinals protocol. It is open source, and in the future each WEB3 wallet will be able to index itself, achieving true decentralization. At present, the UniElon inscription market is also different from other inscription order markets. SWAP provides liquidity that is lacking in the order market. Pools can also be added freely, making the entire market price more real and transparent.
📌Cardinals Agreement The Cardinals protocol inherits the technical features of the Ordinals protocol, and to a certain extent solves the problems faced by the Ordinals protocol, such as the fact that inscriptions may disappear when transferred to different protocols, and innovates on the basis of such inscriptions to achieve DEFI In the future, there will be AI NFT, staking mining, and even innovative ways of playing dynamic inscriptions, algorithmic stable coins, etc. Cardinals has a clear value and does not rely on market sentiment and hype effects. It pays more attention to the development of a diversified financial ecology. It is absolutely It is a hot spot that everyone must pay attention to in the bull market.
📌DOGE Ecology DOGE has the largest community outside of BTC and ETH, and it has its own MEME attribute, which has strong communication and appeal. It also has the support of Boss Ma behind it. In the past, DOGE did not have other ecological construction, just like the inscription of this wave of BRC20 It has indeed flourished the entire Bitcoin ecosystem. I believe that DRC20 will bring new vitality to Dogecoin in the future and create a win-win situation for DRC20 and DOGE.
📌Fiery inscription on DRC20 👉 $UNIX: An inscription officially empowered by Unielon. Staking can share the income of all transactions and pledge pools. It is equivalent to holding UNIX to hold all inscriptions. From the official recommendation, it seems that there will be more empowerment in the future. At present, DRC20 is well-established in Longyi. It is currently listed on two exchanges, bitmart and COINW. If you still don’t know how to participate in DRC20, holding UNIX will be your best choice.
👉$CARDI: The inscription under the Cardinals protocol project party can be compared with BRC20’s $ORDI. It is also a highly discussed inscription at present. If you are also optimistic about the development of the Cardinals protocol, holding CARDI is a good way. Currently It is also available on COINW.
👉$BUNNY: Currently the strongest meme on Unielon. The strong autonomous community makes them very visible on Twitter. Hundreds of copywriting and pictures every day are very similar to the original $RATS. Musk tweeted it a few days ago. The video in the special post also uses a rabbit as an image. If you are a meme fanatic, I believe BUNNY will not disappoint you. Currently, it is also relying on the strength of the community to negotiate with COINW to put it on the shelves. If you don’t want to come in and take a look at such a powerful community ?
At present, the overall inscription market has calmed down a bit compared to the past few days, and many new protocols have begun to appear. However, as far as inscriptions are concerned, I personally am still the most optimistic about BTC and DOGE. After all, the original purpose of inscriptions was to promote digital art and tokens on the BTC chain. Monetization and other applications were realized. I was an early participant in BRC20, but I did not seize the opportunity. When the group members were calling for ORDI, I still thought that such a thing was unlikely to be useful. Facts have proved that my knowledge has limited myself, but this time I met DRC20 and I didn’t want to miss it again. I also believe that DOGE can extend the story written by BTC. If you missed the Bitcoin ecology, how should you choose this time? Woolen cloth?
In the past few days, while everyone has been researching fields like science and biotechnology, I haven’t been idle either. I have been seriously studying bananas. As a banana expert, I will help you truly understand 🍌
I started by talking about the work (Comedian) that will be auctioned at @Sothebys in two days. This is a work by Italian artist Maurizio Cattelan from 2019, which sold for $150,000 the first time it was sold. This auction has the opportunity to reach a price of over $1.5 million and accepts cryptocurrency as payment.
After the first exhibition, another artist, David Datuna, took the banana from the wall and ate it without the gallery or Cattelan's consent. In an interview, he stated that this is a performance art, through the act of eating the banana, he further comedicizes the so-called (Comedian).
#ELONMUSK hasn’t talked about cryptocurrencies for a while. Yesterday after the SEC was stolen, he jokingly responded that their password is LFGDogeToTheMoon. Today he talked about it in Space again and he still has a lot of $DOGE . Maybe these will be given after the ETF is passed. Celebrities have more space to talk about cryptocurrencies.
Today, HyperPAY IOS and Android versions are both online at the same time #DRC20 . This is the first wallet for #Unielon mobile phones. This is only the first step for unielon, and it is also the first step for Inscription to cross from meme attributes to protocol and index ecology.
Another breaking news today is that 1 billion $DOGE has been withdrawn from @Binance. Where is this boss going to throw the Dogecoin? 🔥The development of the Dogecoin ecosystem is still very exciting.
DIS Chain is upgraded from the merger and upgrade of DIS token and Ethereum fork @EthereumFair. Let’s start with DIS token.
DIS token originated as a joke among miners. The original idea was to use it for community interactive activity rewards, rewards or public welfare, etc. However, under the influence of community leaders, Under the leadership of @DaddyPigTW, a very strong consensus gradually formed, developing from a group to a community to a cross-community. In fact, it is very similar to the birth process of Dogecoin. It all started with a joke, not with a strong Purpose, but also for this reason, the consensus of meme coins is often terrifyingly strong.
$ETHF is an Ethereum fork chain led by a group of Silicon Valley technology enthusiasts. They have strong belief and persistence in the POW mechanism, retaining the original characteristics of the original Ethereum network, and also retaining decentralization and community-driven The characteristic is a team with both belief and technology.
The founder of DIS token, @DaddyPigTW, has always believed that POW is the real decentralization, and has always unconditionally supported the ecological development of ETHF. By chance, DIS token has become a bridge between traditional Ethereum PoW supporters and the miner community. It also contributed to this merger.
What can DIS Chain do? DIS Chain is a public chain that originated from meme coins. It is very reasonable to issue meme projects or tokens here. It is also the first public chain in the world to support EVM with meme attributes and culture. We hope to attract people on this basis. The birth of more meme projects has led to a new round of MEME craze.
DIS Chain also integrates AI computing power into the public chain, combining the traditional POW mechanism with AI technology, with the goal of achieving a more efficient, secure and truly decentralized blockchain environment. Of course, there is also an indispensable belief that Ethereum POW and miners can return to glory again!
DIS CHAIN has been upgraded at block height 18,575,000. Friends who have participated in the pledge exchange before can go to the wallet to check it🚀
Introduction: DIS Chain is an innovative ETHASH algorithm PoW (proof of work) public chain that combines MEME and AI. This is a merger and upgrade of ETHF and DIS jointly initiated by the community and miners.
DIS Chain supports the Ethereum Virtual Machine (EVM), which enables it to create a series of powerful ecosystem constructions, including decentralized exchanges (DEX), decentralized finance (DeFi), and non-fungible tokens (NFT). ), game finance (GameFi), social finance (SocialFi) and the Metaverse, etc. This diverse expansion and powerful technical support provide a diverse and complete WEB3 ecosystem. @Distoken_xyz #DISCHAIN
Knowledge popularization of DRC20 inscription protocol: UTXO operating mode, differences between Cardinals and Doginals
Inscriptions are so popular these days that many people rush into this market without knowing the truth. Although I am not an expert in this field, within the scope of my ability, I still want to bring some knowledge to everyone. , to prevent everyone’s hard-earned assets from being wiped out overnight. I also remind everyone that while rushing into hot spots, you must also improve your own knowledge. Otherwise, no one will be able to help you due to losses caused by your lack of knowledge. Today I want to share with you some things I know. If the content of the article is wrong, please feel free to enlighten me.
It has been seen that some people use the Unielon wallet to cast inscriptions, causing the original inscriptions of other DRC20 protocols to be transferred out, and thus believe that Unielon is a fraud. This is not the case. This depends on the operating model of UTXO and the inscription protocol of DRC20. The difference between Cardinals and Doginals will explain this to you.
DOGE uses the UTXO model. Let me briefly explain its operating logic to you. We assume that each UTXO is a cash note that can only be used once. Each UTXO (cash note) represents a certain amount of money. Adding up all UTXO (cash notes) can calculate the user's balance. Let me give you an example. Suppose Bob receives 10 BTC, so there is a 10 BTC UTXO on Bob's Bitcoin address. At this time, Bob needs to transfer 2 BTC to Alice, then 10 BTC UTXO will be used (disappeared), 2 BTC (new UTXO) will be transferred to Alice, and the remaining 8 BTC (new UTXO) will be given to himself in change. So an old UTXO (10 BTC) disappears and becomes two new UTXO (8 BTC and 2 BTC). The diagram is as shown in Figure 1
To give another example, suppose A has multiple UTXOs, namely 1BTC UTXO, 2BTC UTXO, 3BTC UTXO and 4BTC UTXO, and B has no BTC. At this time, A needs to transfer 2.5BTC to B. So how does the UTXO model work? UTXO will give priority to the UTXO with the smallest value for payment. At this time, the UTXO of 2 BTC from address A will be transferred directly to B, and the UTXO of 1 BTC will be spent as a whole, of which 0.5 BTC will be transferred to B and 0.5 BTC will be given in change. Own. After the transfer, there are 0.5BTC UTXO, 3BTC UTXO and 4BTC UTXO on address A.B has a UTXO of 2BTC and a UTXO of 0.5BTC. The diagram is as shown in Figure 2
From the above two examples, you should be able to roughly understand the operating mode of UTXO. Next, let’s talk about the difference between Cardinals and Doginals. The structure of Doginals is the same as that of the Ordinals protocol. In the past, many assets disappeared in BRC20. Transferring Ordinals into Unsupported wallets will also cause the inscription to disappear. In this case, if you transfer the Doginals protocol inscription to a wallet that does not support Doginals, such as Unielon's wallet, it will be used as a normal DOGE, and your original inscription (old UTXO) will be used. New UTXO is generated and entered into Unielon's wallet. Of course, no one can return your assets. The Cardinals protocol has modified this part so that it can be adapted to more different wallets. Even if it is transferred to an unsupported wallet, it will not disappear. Of course, there are opportunities to cooperate with more exchanges, and the application level will be wider in the future. .
In currencies that use the UTXO model, if the user fills in the wrong contract address, it is likely that the currency will not be retrieved. Because UTXO does not have additional storage transfer status, and its corresponding UTXO no longer exists in the database after the currency transfer operation, that is, the system defaults that you have spent and this action cannot be undone. Incompatible contract addresses will result in incorrect input and the receiver cannot accept it normally. Therefore, the assets will most likely not be recovered. In the future, when everyone plays with inscriptions on different chains and different protocols, they also need to pay attention to whether the protocol can only use a single wallet, or separate different wallets for different protocols, so as to avoid the regret of asset disappearance in the future.
This article explains the use of UTXO by @MEXC_Official. This article is very clear and detailed, and there are more examples in the text. I highly recommend everyone to read it. Other teachings are also suitable for newcomers to read. New friends who are interested can also read it. You can read more. Attach link 👉https://www.mexc.com/zh-TW/learn/article/17827791508963 #Cardinals#Unielon #DRC20