LORK-DRC20-MINT IS LIVE ☘️

$LORK a DRC20 token redefining blockchain through innovation and decentralization. With a maximum supply of 100 million and a mint limit of 1000, we're building

[LORK-DRC20-MINT IS LIVE ☘️ @LORK_DRC20]

🚨 Breaking News 🚨: More than 2 million $LORK tokens have just been minted out of a total supply of 100 million, with only 38 holders at the moment! Don't miss out on this opportunity, act fast! 🚀 #crypto #DRC20 #Doginals #Dogecoin $Doge

[DPalwallet @dpalofficial]

📢DRC721 protocol details introduction
https://t.co/RRH6lHcRyn

We are very happy to introduce the details of the DRC721 protocol, which mainly solves the problems in the application of dog chains.
The current indexing system has some challenges in dogchain applications, including dust, storage pressure, and difficulty in cross-validation. These problems have been effectively solved by introducing the DRC721 protocol.

1/3📌Problems with the current indexing system in the dog chain application

① Dust
At present, a large amount of dust is produced and cannot be solved according to the current indexing mechanism, because the value is dust. When the goal of your design is to create a lot of dust, there is no way to change the fact that the original chain is broken. Due to the cheap nature of Dogecoin, it is normal for some addresses that use the full node chain to have hundreds of thousands of dust utxo (real data). Assuming that swap and other high-frequency interaction protocols are proposed based on this index system later, Dogechain will basically be forced to fork or disappear at the block height of March 2023 as the value of a certain tick increases. Due to the particularity of Dogchain (even fork btc) and the lack of basic protocols such as taproot, there will be many different problems. Ignoring these problems is not conducive to the sustainable development of the ecology.

② Storage pressure
BTC produces blocks every 10 minutes, and the total amount is fixed, which means that the space for storing inscriptions is predictable, and theoretically the BTC serial number of the smallest unit also has a certain original value. Dogecoin produces blocks every minute, and the total amount is unlimited, which means that the current index system based on Dogecoin is facing increasing pressure on storage space every day.

③Difficulty of cross-validation
The current indexing method is based on a two-layer centralized index. Taking drc20 as an example, the balance of a user's tick depends on a certain two-layer centralized application service. First, the user's inscription must be retrieved by the inscription system, and secondly, the user's balance based on drc20 must be retrieved by the balance index system. If users question its correctness, they need to ask for proofs from two centralized service providers at the same time, which itself is unverifiable and extremely easy to argue. Even if both parties publish the code, the difficulty of verification is greatly increased.
In essence, applications such as drc20 are linear ledger statistics. After the user mints, the generated data itself does not have any meaning after being counted, and the data itself exists in the transaction data in the block. It is actually a bit redundant to parasitize the inscription system. It only needs to satisfy a certain statistical rule and follow the linear block transaction data statistics to complete this type of application.

Other problems：
1，Transfer error-proneness and complexity
2，Due to the loopholes caused by the double-layer index, the index incurs double-spending attacks, etc. (non-blockchain issues).
3，The index often has a bug that the inscription is ignored

2/3📌Details proposed by Drc721 and improvements to doginal indexing (doginal+)

Based on the data on the linear chain instead of the second-layer UTXO index (the design goal is to value the data on the chain instead of dust)
①The protocol data is written linearly based on P2SH and stored in the block data, which cannot be changed or ignored.
②The data storage of drc721 relies on the linear storage capacity of blockchain data. As long as the user has a transaction and uses P2SH to write the protocol data, the indexer can linearly search according to the protocol.
③drc721 no longer needs to rely on the data provided by multi-layer centralized inscription index providers; anyone can simply deploy a single-layer index on the chain to retrieve protocol data in a linear manner, the ability to be cross-validated is greatly enhanced, and the risk of centralization is reduced.
④The ownership of the data is owned by the address currently writing the data.

Dust problem solved,because what is valuable is no longer the parasitic (0.0001) UTXO, but the data written by P2SH. It is acceptable to generate as many UTXOs as possible, and the indexing system can actively filter maliciously written dust：
①There will be no wasted UTXO:
The wallet no longer needs to design a separate module for dust UTXO to manage, and even a small amount of unconfirmed UTXO can be used to write data.
②This index method is applied to DRC721 to build a better ecological foundation. drc20 can choose to upgrade the index system or not.
sustainable and verifiable
③Sustainable and Verifiable:
Anyone who deploys a single-layer index and searches linearly according to the block data on the chain can judge the correctness of the ledger data and improve the ability to be verified.
④Scalability:
This indexing method, data storage, etc. will no longer be a problem, because only the ledger data needs to be stored, and the data itself is stored by the blockchain. Based on this, it is feasible to develop similar protocols or applications on Ethereum, and there will be no troubles such as dust and other damage to the original chain.

3/3📌Roadmap

Overview Since drc721 no longer has the resistance of dust and the efficient single-layer indexing method, it will help build a complete ecology, such as the stable sDoge that can issue storage endorsements in this indexing method, the nft swap protocol on the chain, defi, etc.
① Build a visual infrastructure, and the back-end data has been prepared
②Market and on-chain SWAP
🎯

tip：For more detailed content, you can read the article link♥
#drc721
#doginals

[Ordi Find @OrdiFind]

Do we need Market Place even though wallets are not supporting PSBT Yet?

I think it will be better for us to wait for wallets like @verydogelabs or @dpalofficial to release Market Place.

BTW Centralized solutions can be done for now, Providing layers of security.

[LORK-DRC20-MINT IS LIVE ☘️ @LORK_DRC20]

@Big_Sam_D @OrdiFind @verydogelabs @dpalofficial 👌

[BiG SaM Đ | Ᵽ @Big_Sam_D]

@OrdiFind @verydogelabs @dpalofficial Lets wait for Wallets 👌💲🐕 #DRC20 $DOGE #DogecoinToTheMoon🚀 🌕

[Ordi Find @OrdiFind]

You can see #BRC20 @trac_btc Real-Time Price in https://t.co/wrhWj8hJWC

[Ordi Find @OrdiFind]

Drc20 summary of the week

We have:
Doglabs launches wallet
@OrdiFind Testing DNS (Doge Name Service)
@OrdiFind launches https://t.co/V8kU2Gp1Fw real-time price tracking on #brc20
What are you looking forward to next week???

[ÐogePay ( $ÐPAY ) @Dogepay_DRC20]

Drop your DPal and we will send you 500k $cujo

[DPalwallet @dpalofficial]

Thrilled to share this significant step forward for #drc20: We have forged a powerful alliance with @verydogelabs .We are poised to engage in a profound collaborative effort on the index

🔥🤝

United, we will be developing #drc20 and taking it to new heights! 🚀

#Doginals #DPal

[doogs - Buy/Sell/Trade Doginals & Dogemaps @doogs_xyz]

We've teamed up with $DIAM for a huge community DRC20 #giveaway.

-- Prizes --
• 10 x 5 DIAM
• 30 x 3 DIAM
• 30 x 1 DIAM

Tons of winners. To enter:
1⃣ RT
2⃣ Follow @doogs_xyz & @DiamDrc20
3⃣ Tag a friend

Ends in 48h

[BiG SaM Đ | Ᵽ @Big_Sam_D]

👀💥 look this @verydogelabs
$LORK $DOGE 🐕

[LORK-DRC20-MINT IS LIVE ☘️ @LORK_DRC20]

🚀 Unlock the potential of your #Dogecoin! Mint $LORK tokens, part of the #DRC20 #Doginals standard, and maximize the power of the $DOGE blockchain. With a maximum of 1000 tokens per minting and a supply of 100M, it's time to give your wallet a boost! 🌕💎 #CryptoPower

[doogs - Buy/Sell/Trade Doginals & Dogemaps @doogs_xyz]

Quick DRC20 price update based on OTC rates:

▪️ $FIWB @ $0.00050 each
▪️ $DOGI @ $0.21 each
▪️ $DPAL @ $0.44 each
▪️ $DPAY @ $0.02 each

What do we think about these prices?

Overvalued / Undervalued / Fair? 👇

[LORK-DRC20-MINT IS LIVE ☘️ @LORK_DRC20]

@doogs_xyz 🚀❤️☘️

[LORK-DRC20-MINT IS LIVE ☘️ @LORK_DRC20]

@verydogelabs Done 👀🚀 $LORK #DRC20 #doginals

[LORK-DRC20-MINT IS LIVE ☘️ @LORK_DRC20]

@dogewow_club 💪🏻