Sandshrew

Bitcoin RPC for Builders. The indexer toolkit powering Protorunes & @OylWallet By @OylDynamics

[Sandshrew @SandshrewRPC]

Announcing Sandshrew, the Bitcoin RPC for builders 🛠

We believe building on Bitcoin should be as easy as building on any other blockchain.

With @SandshrewRPC, we enable developers to unleash the full potential of Bitcoin data without costly barriers to entry.

[Sandshrew @SandshrewRPC]

Sandshrew is evolving…

[RWP IV @judoflexchop]

ALKANES are a programmable version of runes -- fully materialized.

You can trade them via AMM.

You can use them as collateral to borrow.

You can stake them.

A more modern DeFi, all on Bitcoin L1.

Check out the Discord and come talk shop! (In comments)

[RWP IV @judoflexchop]

Messing around with synthetic Bitcoin for the @bc1SUBFROST project --

It is possible to implement Zcash-like privacy features on Bitcoin L1 via the metaprotocol layer, on ALKANES.

Is anyone building something like this as a metaprotocol asset?

[Sandshrew @SandshrewRPC]

The SPEC is here:

[RWP IV @judoflexchop]

PROTORUNES - An expression of programmability on runes

Designed with an intent to broaden the scope of what we can accomplish as protocol engineers on Bitcoin.

https://t.co/X0sU1WDcbX

[Sandshrew @SandshrewRPC]

come build on protorunes. the bounties are legit
https://t.co/pHepbVkezg

[Sandshrew @SandshrewRPC]

This is why we exist

[Tagga @taggaOyl]

The accuracy of data is paramount in the Bitcoin ecosystem.

This is where @SandshrewRPC comes in. Similar to the role of @infura_io in Ethereum but tailored for Bitcoin’s higher data requirements, @SandshrewRPC provides comprehensive access to Bitcoin blockchain data, including transaction details, block information, and real-time mempool access, which are essential for developing sophisticated applications. This advanced data access ensures reliable execution of complex smart contracts on Bitcoin, making utilities similar to Ethereum's a reality.

With Sandshrew’s integration with Metashrew, developers can create custom indexing solutions, enhancing application flexibility. This reliable and accurate data infrastructure is crucial for Protorunes (@judoflexchop), which is built with Metashrew. Protorunes enables advanced DeFi functionalities directly on Bitcoin, pushing the boundaries of what's possible with Runes.

In summary, while Bitcoin and Ethereum serve different purposes, the need for reliable data infrastructure is critical. Sandshrew addresses Bitcoin’s unique challenges, enhancing its programmability and enables its growth and sustainability.

As Bitcoin continues to evolve, tools like Sandshrew and metaprotocols like Protorunes will be essential in unlocking its full potential.

[buidlbox @buidlbox]

🟠 Get ready for OP_HACK001, the biggest Bitcoin hackathon series, presented by @ArchNtwrk! 🛠️💻

📅 Dates: 7/24 - 8/14
💰 Prizes: up to $75K
🤝 Sponsors: @ArchNtwrk @OrdzGames @BitboyOne @bimabtc @oylwallet

🚀 Join us to buidl the future of Bitcoin! Register here: https://t.co/OMa6mVrTXJ

#Bitcoin2024 #BTC

[RWP IV @judoflexchop]

In revision, we've settled on a scheme for PROTORUNES which has better compatibility with runes.

We can now swap protorunes back to runes, atomically, using familiar PSBT-based marketplaces 🐎.

This makes use of the shared space our assets occupy on Bitcoin L1.

[Tagga @taggaOyl]

Happy to support OP_HACK001 @oylwallet @SandshrewRPC - Come hack on Bitcoin, Proto-Runes, and more.

I highly recommend any developer building on Bitcoin sign up for this Hackathon. It will be both virtual and IRL @TheBitcoinConf Nashville.

[RWP IV @judoflexchop]

Successful metaprotocols will have learned from the short history of experimentation we've seen to-date in this domain.

Things we re-use from ord for PROTORUNES:

🐎 Inscription envelopes (not satranges)
🕺 LEB128
💃 Runestone
💪 UTXO model

These concepts we model in WASM.

[Sandshrew @SandshrewRPC]

The next expansion of Bitcoin will be based on the paradigm of user generated indexes. They’ll be hosted on @SandshrewRPC and available to everyone.

[Oyl | Building Alkanes @oylwallet]

Listen to @taggaOyl speak about @judoflexchop's motivations behind @SandshrewRPC. Stay tuned for more on Protorunes next week. Open source indexer frameworks will unlock more than you think.

[Sandshrew @SandshrewRPC]

Sign up for OP_Hack001 hackathon to be the first to build on Protorunes and experiment with the Metashrew Indexer toolkit. Thank you @ArchNtwrk

[buidlbox @buidlbox]

🚨 NEW BITCOIN HACKATHON ALERT 🚨

sign-ups are now open for OP_Hack001 by @ArchNtwrk 👀👇

📅 submissions: July 24 ➡️ Aug 14
📍Hybrid (Virtual + In-person)
💰 $75k in prizes
🙌 @ArchNtwrk @SandshrewRPC @OrdzGames @oylwallet + USB Labs

https://t.co/2o8jwruzvk

[Oyl | Building Alkanes @oylwallet]

Hear @taggaOyl speak on our verticalized stack.
Protorunes standard = new AR lens on Runes
@SandshrewRPC & Metashrew = the AR lens builder
@oylwallet = The AR viewer goggles

[Sandshrew @SandshrewRPC]

@d_evvy @taggaOyl @judoflexchop @isabelfoxenduke we use @descript

[Sandshrew @SandshrewRPC]

Recap of the Protorunes spaces from last week! Hear from @taggaOyl @judoflexchop & @isabelfoxenduke
1/7

[Sandshrew @SandshrewRPC]

https://t.co/fQazZ5ABFB

[Sandshrew @SandshrewRPC]

7/7 @taggaOyl explains the potential for building on the indexer later, and future potential for interoperable sub protocols build on the indexing layer.