Search result of TARO

This article introduces three BIP proposals related to Taproot.

This article provides an overview of the situation after the Bitcoin Taproot upgrade and offers insights into future development directions and application expansions.

This article combs through the upgrade trajectory of Bitcoin and analyzes various scaling solutions.

BRC-20 aims to establish a new standard for creating interchangeable tokens using Bitcoin's underlying layer. This article explains the basic concepts of the BRC-20 token, covers everything from its origins, working principles, pros and cons to use cases, and discusses the potential impact and development of Web3 in the future.

The article outlines the progress of Bitcoin ecosystem development and suggests that for the Bitcoin network to achieve functional upgrades and further success, L2 solutions are becoming increasingly important.

The article discusses the phenomenon of skyrocketing network fees following Bitcoin's halving, pointing out its correlation with the introduction of a new protocol called "Runes." Runes is a color coin protocol based on Bitcoin, which allows the issuance of tokens on Bitcoin's UTXO (Unspent Transaction Output) set. Due to the mechanics of the Runes protocol, users compete for block space to issue assets, which in turn drives up transaction fees. The article also addresses related game theory issues, including asset issuance sniping and second-order games, where participants compete by raising fees, but this can ultimately lead to irrational outcomes. The author argues that the current pace of Runes asset issuance is unsustainable and predicts that this situation will not last long.

This article delves into the upcoming Bitcoin halving event and its potential impact on the cryptocurrency world.

This article introduces the new inscription protocol CBRC-20.

This article delves into the Bitcoin-derived RGB Protocol, covering its principles, advantages, and ecosystem.

The rise of BTC L2 is an undeniable narrative in the current cryptocurrency market. BTC L2 provides greater performance, programmability, and privacy capabilities than Bitcoin itself. This article introduces two main aspects: off-chain and enhanced capabilities, and, based on the underlying architecture's isomorphism, divides it into the UTXO camp and the EVM camp. It focuses on introducing the features, ecosystem development, and token economic model of the UTXO isomorphic BTC L2 project Nervos Network.

The Bitcoin ecosystem has recently witnessed explosive growth with the launch of BRC-20 tokens as the total Market Cap of these tokens built on the Bitcoin base chain reached a milestone of $1 billion.

This article discusses asset issuance protocols on the Bitcoin chain. These protocols are all metadata protocols, which define an asset by recording some information in a Bitcoin transaction.

This article reviews the Bitcoin system technology and analyzes the asset issuance and expansion solutions of Inscription and various BTC ecosystems.

Bitcoin Layer 2 is an important part of the development of modern Web3. If Bitcoin wants to maintain its status as one of the major blockchain networks, it needs a way to process transactions quickly and affordably. This article analyzes the Bitcoin Layer 2 track analysis and early and recent Layer 2 projects to provide readers with information on different projects and better understand the applications and routes of Bitcoin Layer 2.

In May 2024, the Bitcoin (BTC) halving will be one of the hottest events in the market. As the halving approaches, more funds will focus on Bitcoin, drawing investor attention to the Bitcoin-derived ecosystem. Layer 2, with its compelling narrative, is likely to become a preferred target for alpha-seeking capital. This article provides an overview of the current BTC Layer 2 concept race and introduces representative projects, including Stacks, RSK, and the Lightning Network.