Discover and read the best of Twitter Threads about #ordinaldaily

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๐ŸŸ  ORC-20, BRC-20, and DRC-20 are three popular token standards in the #Bitcoin space.

๐Ÿ’ซ Although they serve the same purpose of creation, they differ in various aspects.

Let's take a look ๐Ÿ‘‡

#BRC20 #ORC20 #DRC20 #OrdinalDaily Image
1/ BRC-20 is one of the most promising token standards that garnered the love of developers due to its incredible features. ๐Ÿงก

However, the current BRC-20 token standard has a bunch of inherent limitations, prompting the development of ORC-20. ๐Ÿ‘€

2/ ORC-20 is created to address the drawbacks such as anti-double-spending methods, naming issues, security, scalability issues.โœจ

Unlike BRC-20, ORC-20 is experimental. Thus, while ORC-20 tokens hold promise, their value and utility remain uncertain.๐Ÿ™„

Read 6 tweets
๐Ÿ”ฅ Discover the diversity of #Bitcoin address types ๐Ÿ‘€

๐Ÿš€ What type of #Bitcoin address should I use? How can I identify the different address types?

Let's explore! ๐Ÿ‘‡

#BRC20 #Ordinals #OrdinalDaily Image
1/ Legacy addresses (P2PKH)

Legacy addresses formed by hashing the public key to the private key. ๐Ÿ’ซ

They were popular in Bitcoin's early days but are now costly due to larger transaction sizes. โšก๏ธ

๐Ÿ‘‰ It's only necessary if you have an incompatible old wallet.
2/ Pay to Script Hash (P2SH)

P2SH addresses involve a script with hidden spending conditions. โœจ

Unlike legacy addresses, they are not derived from the public key hash. โšก๏ธ

P2SH addresses provide flexibility, support SegWit, and help save on transaction fees. ๐Ÿš€
Read 8 tweets
๐Ÿ”ฅ EXCITING NEWS ๐Ÿ”ฅ

๐ŸŸ  @okx proposes BRC-30, a new protocol based on BRC-20

๐ŸŸ  What is BRC-30 and what does it do? ๐Ÿ‘€

Continue reading below ๐Ÿ‘‡

#BRC30 #BRC20 #Ordinals #OrdinalDaily Image
1/ What is #BRC30? ๐Ÿ‘€

#BRC30 is an enhanced version of the #BRC20 protocol specifically designed for the #Bitcoin space. ๐Ÿ”ฅ

#BRC30 builds upon the design principles of #BRC20 and introduces equity operation functions such as deposit, casting, and withdrawal. โšก๏ธ
2/ With #BRC30, users can stake their #BRC20 tokens and #Bitcoin, earning corresponding #BRC30 tokens in return. โœจ

๐Ÿ‘‰ This proposal introduces a staking mechanism for #BRC20 tokens, or #Bitcoin, to the #Bitcoin network. ๐ŸŸ 
Read 6 tweets
๐Ÿ”ฅ NOTABLE UPCOMING ORDINAL PROJECTS ๐Ÿ”ฅ

๐ŸŸง Get ready for the storm as @Bitcoin #Ordinals dominate the market! ๐ŸŒช

๐ŸŸง Stay ahead in the game with this ultimate list of upcoming potential projects ๐Ÿš€

๐ŸŸง Want WL? Comment below ๐Ÿ‘‡

#BRC20 #Oridnal #Bitcoin #OrdinalDaily Image
Read 6 tweets
๐ŸŸ  BRC-721 is revolutionizing the space on #Bitcoin by bringing a new token standard and enabling conversion of ETH-721 NFTs to #Ordinals.

๐Ÿš€ It's a game-changer! But how does it work, and why should you care?

Let me break it down for you. ๐Ÿ‘‡๐Ÿงต

#BRC721 #Bitcoin #OrdinalDaily Image
1/ #BRC721 is a new protocol for #Bitcoin that aims to bring Ethereum-like NFT features to #Ordinals.

#BRC721 is deployed on #Bitcoin using Solidity smart contracts and powered by Trustless.

It allows the creation of NFTs with over 100 artists and projects already published.๐Ÿ”ฅ
2/ Here's how you can get started:

๐Ÿ”ธ Head over to trustlessnfts.com
๐Ÿ”ธ Connect your wallet
๐Ÿ”ธ Click on "Create BRC-721"
๐Ÿ”ธ Enter the collection name, add your images, and submit on-chain. Image
Read 7 tweets

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