๐ 117 Million+ Inscriptions on Bitcoin.
It all started when @rodarmor released Ordinal Theory in late 2022.
A simple numbering system for every satoshi that lets you track and transfer individual sats like theyโre unique digital artifacts. ๐
What started as something fun turned into one of the biggest experiments Bitcoin has ever seen.
Back in 2014, people burned ~2,130 BTC via Proof-of-Burn to fairly create XCP with equal opportunity for everyone.
@CounterpartyXCP, the true OG culture on Bitcoin.
Almost here for trading on @RareBtcAssets, right next to Stamps and Ordinals.
Real ones remember. ๐ฅ
So in the spirit of rare pepes and as an homage to Looney's first rare pepe, he tested a larger image as a subasset of UNPRUNABLE called UNPRUNABLE.PEPEPARTY which was issued at block 777,592.
https://t.co/cYLQgtY4il
This first test of storing base64 data was the issuance of an asset called UNPRUNABLE and the data being a very rare zombie crypto punk.
https://t.co/I2aAAOXsEU
This was created at block 777,056 which was 2,596 blocks prior to Stamp #0. But I needed to go bigger...
As it turns out, Counterwallet did not have a limit and instead of defaulting to P2SH encoding (storing data in the scriptsig) it defaulted to bare multisig encoding (storing data in legacy multisig outputs which Stamps uses today). Imagine the surprise!
So he created a telegram group (https://t.co/Rcd5W0SMHH) and invited a handful of developers to help him with his vision.
As a long-time Counterparty developer Looney's thoughts immediately went to leveraging existing Counterparty P2SH encoding...
A brief history of Bitcoin Stamps...
In February 2023 @mikeinspace had the idea to create on-chain art called Stamps that weren't prunable by storing it within the tx rather than in the witness (inscriptions).
This output-based approach later proved resilient, BIP-110 doesnโt stop Stamps.
He had the idea and the name but was missing the implementation...
1/x
@saylor Inscriptions have already paid miners $440M + or about โฟ7,100 in fees.
That's real money going directly to network security through the fee market.
No need for BIP 110 to start invalidating valid transactions that benefit the network.
https://t.co/RKfJ3Cj7ht
117,534,151+ total inscriptions
โข $440m + in all-time fees paid to miners
โข โฟ7103.54 spend to miners
A whole new way to contribute to the Bitcoin network through real on-chain activity.
117,534,151+ total inscriptions
โข $440m + in all-time fees paid to miners
โข โฟ7103.54 spend to miners
A whole new way to contribute to the Bitcoin network through real on-chain activity.
๐ 117 Million+ Inscriptions on Bitcoin.
It all started when @rodarmor released Ordinal Theory in late 2022.
A simple numbering system for every satoshi that lets you track and transfer individual sats like theyโre unique digital artifacts. ๐
What started as something fun turned into one of the biggest experiments Bitcoin has ever seen.
Back in 2014, people burned ~2,130 BTC via Proof-of-Burn to fairly create XCP with equal opportunity for everyone.
@CounterpartyXCP, the true OG culture on Bitcoin.
Almost here for trading on @RareBtcAssets, right next to Stamps and Ordinals.
Real ones remember. ๐ฅ
Asset-for-asset trading often canโt happen in a single co-signed transaction.
So how do we make it fully automatic without ever taking custody of the asset? ๐
It gets sent to a trusted execution enclave (TEE), never a company wallet.
The enclave is a sealed, public Lit/ Chipotle program with fixed code: no person or platform ever holds the key, so even a fully compromised server cannot move your asset anywhere it shouldn't go.
Weโre also live-testing automated asset-to-asset swaps --> MAKEPEPERARE swapped for a Dragon Guardian.๐ธ๐๐
Or are you more interested in swapping your ordinal for a stamp? Like this stamp โ Dragon swap. ๐
Make sure to follow for more updates!
Asset-for-asset trading often canโt happen in a single co-signed transaction.
So how do we make it fully automatic without ever taking custody of the asset? ๐
It gets sent to a trusted execution enclave (TEE), never a company wallet.
The enclave is a sealed, public Lit/ Chipotle program with fixed code: no person or platform ever holds the key, so even a fully compromised server cannot move your asset anywhere it shouldn't go.
Weโre also live-testing automated asset-to-asset swaps --> MAKEPEPERARE swapped for a Dragon Guardian.๐ธ๐๐
Or are you more interested in swapping your ordinal for a stamp? Like this stamp โ Dragon swap. ๐
Make sure to follow for more updates!
RareBtcAssets just took another big step. ๐
We now index every inscription on Bitcoin, over 116 million across more than 5,700 collections.
This brings Ordinals, Counterparty assets, and Stamps together in one ecosystem.
Still testing and building. Big things ahead.