1/7 π§΅π Bitmap Theory aims to unlock a new realm in the world of #Bitcoin and the #Metaverse. It's an open-source standard that could turn Bitcoin Blocks into Metaverse components. Sounds complex? Let's demystify it. π
2/7 β€οΈ At the heart of Bitmap Theory is the concept of ownership. It suggests you can 'own' a Bitcoin Block by inscribing it onto a Satoshi. This process is decentralized, meaning anyone, anywhere, can participate. ππ»
3/7 π Once a block is inscribed, it steps into the Metaverse. The theory suggests platforms could translate this block data into 3D, providing the block owners with the rights to build in these virtual spaces. ποΈπΉοΈ
4/7 π°οΈ There's a slice of history, too. 'Satoshi blocks,' mined by Satoshi Nakamoto in Bitcoin's early days, hold historical significance. Owning one of these could be like holding a unique part of Bitcoin's history. ποΈπ
5/7 π‘ The proponents of Bitmap Theory plan to reinvest initial block sales proceeds into developing advanced tools based on this standard. The aim? Laying the groundwork for new digital spaces within the Metaverse. π°π
6/7 β οΈ But, it's important to note, this is just a proposal in its early stages. Success depends on the team building the infrastructure and whether it can achieve social consensus. ποΈπ€
7/7 π§ Challenges like technical feasibility and integration with existing platforms lie ahead. But, with these challenges come opportunities for growth and innovation. Stay tuned to see how this intriguing theory progresses! π #Bitcoin#Metaverse#BitmapTheory
2/7 Most of the lower-range addresses are already claimed. However, a new tool is available that enables you to generate Bitmaps, either as Random or Consecutive Digits. This was a tedious manual process!
3/7 You can strategize your approach: Random, Consecutive, and Substring. This decision influences how your plots will be arranged in relation to one another. Then, you determine the number of Bitmaps to generate.
It's an ambitious Layer 1 protocol where anyone can create SMART CONTRACTS & build dApps on Bitcoin
This enable governance & utilities for BRC-20 tokens, making them Smart BRC-20 or #SBRC20
3/ Diving deeper, the New Bitcoin DEX is part of the wider @NewBitcoinCity ecosystem. A new horizon for the Bitcoin blockchain, enabling anyone to create smart contracts and build decentralized applications (dApps). πΌπ οΈ
2/ π A noteworthy feature of GBRC721, an extension of the BRC721 standard, is its increased efficiency in block space usage. Unique "deploy" operation stores traits of a collection only once on-chain, which subsequent "mint" operations refer back to. πβοΈ
3/ π This greater efficiency implies a potential cost reduction for creators and a more effective utilization of the #Bitcoin network's resources, aligning with the core principles of blockchain. ππ
Still getting lots of messages about how to mint or buy BRC20's, these threads are going back a few weeks now but most of the info is still valid.
My advice, is to start by Inscripting something if you haven't before, to get some hands on experience: ππ€οΈ
BRC-20 Resources -
One of the resources that wasn't out at the time of writing this is; bestinslot.xyz/ordinals/brc20β¦ its now my go to site to quickly check the market (and is accurate).
1/ π΅οΈββοΈ Let's take a deep dive into OHMS, a revolutionary BRC-20 project built on the Bitcoin! ππ #OHMS#BRC20#Crypto
2/ π‘ OHMS serves as the hub for discussions about the latest trends in crypto, powered by state-of-the-art AI technology. It's your gateway to understanding the crypto space better! π§ π
3/ π° By joining the $OHMS community, you gain access to a wealth of resources that can help you make informed decisions and stay ahead of the curve in the fast-paced world of crypto. πΌπ‘
3/15 π² Using a "mint" operation, we then generate the Non-Fungible Ordinals. These reference the traits from the deploy operation - a process that cuts GBRC-721 block space usage by 50-90%! βοΈπ #Ordinals#BRC20