Brc100 Global Community

#BRC100: An Extensible Decentralized Computing Protocol based on Ordinals Theory, Creator @MikaelBTC Marketplace & Indexer: @in_BRC,

[Brc100 Global Community @BRC100EN]

What is #Brc100 ? Take a look at this article initiated by @gate_io .
It’s good for beginners to have a better understand of #brc100
https://t.co/YXterL7VDN

[bpump.fun | Pumping BRC2.0 @bpump_fun]

BRC2.0 Launchpad: #bpumpfun @bpump_fun is now live on Bitcoin Mainnet, the first Native & Decentralized MEME Fair Launch Platform on BRC2.0, on Bitcoin L1 @bestinslotxyz , https://t.co/Knj5FyXRjT

Wrap #BTC to #proBTC @pr@proBTC_org to trade and create your tokens, https://t.co/NNqXSDrGnO

Tokens launched on #bpumpfun are all based on BRC2.0 smart contracts.
✅ BRC2.0 Native Fair Launchpad
✅ #pumpdotfun on BRC2.0
✅ No 6-bytes tickers limitation
✅ Automated Liquidity Migration to BRC2.0 Swap #CatSwap @CatSwap_fun
✅ Decentralized & Trustless

#bpumpfun will integrate more base tokens and AMMs in the future:
▶ More AMMs, like BiS BRC2.0 Sequencer-powered AMM @bestinslotxyz
▶ More Wrapped BTC
▶ More #BRC20 tokens, like $ORDI, $SATS, etc.

#bpumpfun Smart Contract: https://t.co/IoV8ivR7xC

All tokens are launched by the #bpumpfun smart contract, fully decentralized, with all token smart contracts address ending in "9999".

Launch your memes on BRC2.0! #bpumpfun will take over BRC2.0! @bestinslotxyz @0xBinari @domodata #BRC20

[Mikael.btc | BRC-100 & RSM @MikaelBTC]

I have created the token: $OPCAT (OP_CAT) on the BRC2.0 launchpad: https://t.co/fauQCnIeSf @bpump_fun @bestinslotxyz @L1Fxyz @domodata @0xBinari, to promote the re-activation of #OP_CAT on the Bitcoin mainnet, to promote the development of #OP_CAT applications, to promote the development of the #Bitcoin ecosystem & #BTCFi.

CA: 0x5aa161aeF1eCA8F0346aDf37cf250a7ed3479999
#bpumpfun: https://t.co/esP8HBCPG4

$OPCAT is fair launch, 5% was bought first for the future airdrops and ecosystem building.

$OPCAT to the moon!
#BTCFi to the moon!

[Mikael.btc | BRC-100 & RSM @MikaelBTC]

$OPCAT will develop a meta-protocol based on #OP_CAT
1⃣ Promote the activation of #OP_CAT on Bitcoin mainnet
2⃣ Facilitate the development of #OP_CAT applications
3⃣ Foster the growth of the #Bitcoin ecosystem and #BTCFi

#OP_CAT is a Bitcoin script functionality that allows the complex smart contracts, and was disabled by Satoshi Nakamoto in 2010. BIP-347 suggests to re-activate #OP_CAT on Bitcoin mainnet.

$OPCAT (OP_CAT) token was created by Mikael @MikaelBTC on the BRC2.0 launchpad: https://t.co/fauQCnIeSf @bpump_fun, on BRC2.0 @bestinslotxyz @L1Fxyz @domodata @0xBinari.

CA: 0x5aa161aeF1eCA8F0346aDf37cf250a7ed3479999

#bpumpfun @bpump_fun : https://t.co/I1JqAAGs3b

[100Layer | WBTC/WFB/Stablecoin by OP_CAT | BIP-420 @100_Layer]

#100Layer provides the fully decentralized Wrapped BTC (#WBTC) based on #OP_CAT for all meta-protocols on #Bitcoin and #Fractal @fractal_bitcoin, https://t.co/2l6BeJkHG1

1⃣ On #BRC20 @domodata @bestinslotxyz, #Runes @rodarmor, #CAT20 @ProtocolCAT, #RSM @RSM_Runes, and all other protocols
2⃣ Introduces #BTC liquidity for #BTCFi
3⃣ Activates over 1700B USD worth of BTC
4⃣ #OP_CAT Covenant
5⃣ Decentralized and Trustless
6⃣ Non-Custodial

[Best in Slot | BRC2.0 🧑‍🍳 @bestinslotxyz]

https://t.co/nIeRJUowDG

[100Layer | WBTC/WFB/Stablecoin by OP_CAT | BIP-420 @100_Layer]

The #WFB (Wrapped FB) token is issued by #WBTC protocol based on #OP_CAT smart contracts, and is now live on #FB Testnet @fractal_bitcoin, on #CAT20 @ProtocolCAT, https://t.co/LvZ2BjkR2C

Dive into the WFB
1. Wrap #FB
Lock FB to mint WFB, the FB is locked into the #OP_CAT Smart Contract (wrapper), the same amount of WFB is minted to the user, https://t.co/lSXE2ZpDgm

2. Unwrap #FB
Burn WFB to unlock FB, the #OP_CAT Smart Contract (wrapper) unlocks the same amount of FB to the user, https://t.co/Js8IXvhmpk

3. The entire process is controlled by the OP_CAT Smart Contract: FB Wrapping Contract (wrapper), https://t.co/Zfmgf2fwNw

#OP_CAT makes #Bitcoin more magic!

[100Layer | WBTC/WFB/Stablecoin by OP_CAT | BIP-420 @100_Layer]

OP_CAT Aboard, https://t.co/TPgmU5LCD5

#100Layer is a liquidity protocol on #Bitcoin and #Fractal by #OP_CAT, providing Decentralized Stablecoin, Wrapped Tokens (#WFB, #WBTC, #WBCH, #WLTC, #WDoge) and Farming, on:
1⃣ #CAT20 @ProtocolCAT
2⃣ #RSM @RSM_Runes
3⃣ #BRC100 @MikaelBTC

[inBRC | BRC-100 & RSM Marketplace & Indexer @in_BRC]

#Bitcoin Mempool Hot Mints (2024-12-09)
#BRC20 1st: doge/14,158
#Runes 1st: UNCOMMON•GOODS (¤)/5,907

Mint #BRC20, #Runes and #BRC100 tokens on #inBRC now, https://t.co/faAPyXmdXs. And you can check the active mempool mints, pending mints on the chain.

[inBRC | BRC-100 & RSM Marketplace & Indexer @in_BRC]

Mint #CAT20 Tokens on #inBRC, https://t.co/JMBu9pCFqB
1. Max 499
2. Low Fee
3. Fast & Safe
4. Both #CAT20 & BRC-20 on #FB (#Fractal Bitcoin)
5. Check your #CAT20 Balances

#inBRC is a community-driven inscriber, indexer and marketplace for #Bitcoin ecosystem.
$CAT $FBULL

[Brc100 Global Community @BRC100EN]

Good news!

[inBRC | BRC-100 & RSM Marketplace & Indexer @in_BRC]

Now, you can Mint, Transfer, Deploy #FB (#Fractal Bitcoin) BRC-20 tokens on #inBRC, https://t.co/pfxNPipU89
1. Low Fee
2. Max 1000
3. Arbitrary Network Fee
4. Safe & Fast

#inBRC is a community-driven indexer and marketplace for all #Bitcoin ecosystem.

#FBRC20 #BRC20 $FB

[Bob Bodily, PhD @BobBodily]

I'm working on a Bitcoin Meta-Protocol framework based on developer and community traction.

Let me know what you think 👇👇👇

--

🥇 Tier 1 (roughly $1B+ market cap)
Ordinals
Runes
BRC-20

🥈 Tier 2 (gaining traction, solid community, ready to blast off)
Atomicals
TAP
OP_NET*
Bitmap
DMT
Stamps

🥉 Tier 3 (infrastructure ready to go, wallets, marketplaces, tickers, tokens, some trading)
SRC-20
RSM
PIPE
BRC-100
Counterparty
RGB++
Sats Names

🍀Tier 4 (incubating still, building infra)
Proto-Runes*
Rainbow Protocol
Taproot Assets
RGB

*not on mainnet yet

What am I missing?? What did I mis-categorize??

Note: this doesn't include sidechains. This doesn't include meta-protocols on sidechains. This doesn't include Bitcoin L2s. These are all Bitcoin meta-protocols that almost exclusively use Bitcoin as a full DA layer.

[Brc100 Global Community @BRC100EN]

View your Brc-20 fork assets on https://t.co/w3r1Jtrqrm

[Mikael.btc | BRC-100 & RSM @MikaelBTC]

About your Forked BRC-20 Assets:
1. Has been distributed to your wallet since block #859490.
2. Has been forked/upgraded to the BRC-100 Protocol, not in the original BRC-20 protocol.
3. Separate from BRC-20 Assets, that means if you transfer or trade your Forked BRC-20 Assets, your original BRC-20 Assets will still be in your wallet, and vice versa.
4. Can be viewed, listed and traded in #inBRC @in_BRC, that is the BRC-100 & #RSM Indexer and Marketplace, like #OKXWeb3, #ME, #Unisat. #inBRC is absolutely safe with hundreds of #BTC volume.
5. Can be swapped in the BRC-100 Swap: #100Swap @100Swap_io, that is the first AMM DEX on #Bitcoin Layer 1, BRC-100 and #RSM, like #Uniswap.

All your assets (#BTC, BRC-100, BRC-20 Fork, BRC-20, Runes, #Inscriptions, etc.) are safe in BRC-100 protocol, in #inBRC, in #100Swap.

List your Forked BRC-20 Assets in #inBRC: https://t.co/7QAbQWwvWU

[Brc100 Global Community @BRC100EN]

BRC-20 Fork, the First Meta-Protocol Fork, has been activated at block #859490 on #Bitcoin Mainnet!
View your forked BRC-20 assets in BRC-100: https://t.co/7EaCCfuje2

[Mikael.btc | BRC-100 & RSM @MikaelBTC]

BRC-20 Fork, the First Meta-Protocol Fork, has been activated at block #859490 on #Bitcoin Mainnet!
View your forked BRC-20 assets in BRC-100: https://t.co/H5ENXdWaQ3

ALL the BRC-20 holders can view and trade their forked BRC-20 assets on #inBRC @in_BRC and #100Swap @100Swap_io

If you hold BRC-20 assets:
1. in your wallet, you should have received the forked BRC-20 assets on the BRC-100 protocol automatically.
2. in the wallets that you can not control, like CEXs, Layer2s, etc., you have to wait for them to distribute the forked BRC-20 assets to you.

View the BRC-20 Fork details: https://t.co/wACO5dPgvc

Join the Fork Community: https://t.co/JBfXO0dGym

The BRC-20 Fork actually is an upgrade of BRC-20 and is not compatible with BRC-20. So we have the BRC-20 hard fork, that will be a fork of BRC-20 assets and will introduce the programmability (DeFi) to #BRC20 by the verified technologies of #BRC100.

#RSM

[Bob Bodily, PhD @BobBodily]

Atomicals? Good.
Ordinals? Good.
BRC-20? Good.
Runes? Good.
Fractal Bitcoin? Good.
Arch Network? Good.
OP_NET? Good.
Stamps? Good.
Counterparty? Good.
Rainbow? Good.
BRC-100? Good.
RSM? Good.
TAP? Good.
PIPE? Good.
BEVM? Good.
BitLayer? Good.
Core? Good.
ICP? Good.
Libre? Good.
Liquid? Good.
Nomic? Good.
Rootstock? Good.
Stacks? Good.
Babylon? Good.
Bool? Good.
Cashu? Good.
DLC Link? Good.
Fediment? Good.
tBTC? Good.
wBTC? Good.
BOB? Good.
BSquared? Good.
Merlin? Good.
Rollux? Good.
Lightning Network? Good.
Mercury? Good.
Alpen? Good.
Brollups? Good.
BitcoinOS? Good.
Bison Labs? Good.
Citrea? Good.
QED? Good.
zkLayer? Good.
Avail? Good.
Celestia? Good.
Nubit? Good.
Sovereign? Good.
Surge? Good.
Alys? Good.
Bitfinity? Good.
Botanix? Good.
Coordinate? Good.
Mezo? Good.
Sequentia? Good.
Side? Good.
Starknet? Good.
Drivechains? Good.
Highlayer? Good.
Nexio? Good.
Yona? Good.
Zulu? Good.
Ark? Good.
RGB? Good.
RGB++? Good.
Nervos? Good.
BVM? Good.
Rooch? Good.
zkCoins? Good.

[Mikael.btc | BRC-100 & RSM @MikaelBTC]

Last 5 Days before the BRC-20 Fork, before the first meta-protocol Fork!

If you hold BRC-20 assets:
1. in your wallet, you will receive the forked BRC-20 assets on the BRC-100 protocol automatically.
2. in the CEXs, you have to wait for the CEXs to distribute them to you.

Join the Fork Community: https://t.co/JBfXO0dGym

BRC-20 Fork has been activated on #Bitcoin Testnet: https://t.co/fHDOaEwv8Q

The BRC-20 Fork actually is an upgrade of BRC-20 and is not compatible with BRC-20. So we have the BRC-20 hard fork, that will be a fork of BRC-20 assets and will introduce the programmability (DeFi) to #BRC20 by the verified technologies of #BRC100.

[Brc100 Global Community @BRC100EN]

Let’s swap now.#brc20 fork #brc100 #ordi #rats #sats

[Mikael.btc | BRC-100 & RSM @MikaelBTC]

BRC-20 Fork has been activated on #Bitcoin Testnet #2874534, https://t.co/9wyYha5iPG
All the BRC-20 holders has received the forked #BRC20 assets on #BRC100 protocol, with the exactly same amount as the holdings on BRC-20.
All the forked BRC-20 assets can participate in the DeFi of BRC-100 ecosystem!
BRC-20 Fork will be activated on #Bitcoin Mainnet on Sep. 2.

Now you can:
1. Swap the forked BRC-20 assets ( $ordi, $sats, $rats, $pizza, etc.) on #100Swap @100Swap_io - The first automated market maker (AMM) decentralized exchange on Bitcoin Layer 1, based on BRC-102 protocol and #RSM.
Testnet: https://t.co/BCm1wKRAZQ

2. View the forked BRC-20 assets on the BRC-100 Indexer: #inBRC @in_BRC
Testnet: https://t.co/6p2SwBTdlY

3. Get the Wrapped BTC (WBTC) on #100Layer @100_Layer - A liquidity protocol for Bitcoin ecosystem on Bitcoin Layer 1, by decentralized collateral-backed stablecoin, wrapped token and yield farming, based on BRC-104 protocol, BRC-106 protocol and #RSM.
Testnet: https://t.co/qz5XoPLgEm

Join the Fork Community: https://t.co/JBfXO0dGym

The BRC-20 Fork actually is an upgrade of BRC-20 and is not compatible with BRC-20. So we have the BRC-20 hard fork, that will be a fork of BRC-20 assets and will introduce the programmability (DeFi) to #BRC20 by the verified technologies of #BRC100.

[Brc100 Global Community @BRC100EN]

What a great thread. And let’s look forward brc100&RSM to lead the success of bitcoin ecosystem.

[Bob Bodily, PhD @BobBodily]

BRC-100 & RSM: Everything you need to know.

tl;dr

BRC-100 is a meta-protocol on Bitcoin L1. It is essentially BRC-20 + smart contracts. BRC-100 was built as an extension to BRC-20 (could even be an in-place upgrade for BRC-20).

RSM is a meta-protocol on Bitcoin L1. It is Runes + smart contracts. RSM was built as an extension to Runes (could even be an in-place upgrade for Runes).

BRC-100 and RSM were both built by the same team (@MikaelBTC).

Meta-Protocols

Because they are both meta-protocols, this means:
1. They use Bitcoin L1 as a full data availability layer
2. Transactions are sorted based on the order in which they are mined to Bitcoin L1
3. You rely on centralized off-chain indexers to parse txns and provide relevant state.

Meta-protocols give you almost unlimited compute, but do not reduce costs or provide additional scalability.

Upgrading BRC-20 and Runes:

BRC-100 and RSM were both built as extensions to their corresponding base meta-protocols (BRC-20 and Runes). Under ideal circumstances, we could upgrade BRC-20 or Runes in-place with BRC-100 or RSM to give each standard additional smart contract programmability.

Of course, we would have to convince Casey to add a programmability layer to Runes. And we would have to convince Domo, L1F, and Unisat to upgrade BRC-20 to BRC-100. So while an in-place upgrade seems like a good idea, in practice it is hard to imagine this ever happening.

And now let’s dive a bit deeper into how the smart contracts work:

State machines: For smart contracts, BRC-100 and RSM both use state machines (e.g., RSM = Runes State Machine). This means you (1) define a a wide variety of meta-protocol subcommands (deposit_liquidity, swap, withdraw_liquidity, bridge, stake, burn), (2) implement them in the meta-protocol standard and indexer, and (3) leverage them in BRC-100 and RSM directly.

Different from a VM: This is a slightly different approach compared to what most meta-protocols are doing to enable programmability. Most meta-protocols pick a VM (like EVM, WASM, or SVM) and add it to their indexer to enable flexible, general purpose programmability. The downside here is developers then need to come in and write meaningful smart contracts for users.

Faster development: BRC-100 and RSM take a state machines approach where they define a set of broader methods (higher level compared to the low level EVM implementations). This enables a faster development process for developers as there are fewer things to think about in your implementation.

Built-in AMM functionality on Bitcoin L1

BTC L1 AMM: AMM methods (such as deposit liquidity to a token pair, swap token A for token B, withdraw liquidity) are all included as subcommands in BRC-100 and RSM. This means that you have full AMM functionality in a meta-protocol on Bitcoin L1 without having to trust anyone else with your assets. No bridging required. No sidechain required. 100% enabled in the meta-protocol itself.

How to handle swap order? There are some challenges with a meta-protocol AMM. If User A swaps token A for token B, and User B swaps token A for token B, and both swap during the same block, how can you determine which swap goes through? And what happens to the other swap?

Slippage & expiration time: Well BRC-100 and RSM have a nice solution for this (essentially identical to Uniswap actually). With every swap request, you specify a slippage tolerance as well as an expiration time for your swap. If your slippage tolerance isn’t met (other traders paid more network fees than you to get mined first, aka slippage was too big) or if the block was mined after your expiration time, then your transaction will fail and will not affect meta-protocol state. You will lose Bitcoin network fees in sending the transaction, but nothing will have been executed on the meta-protocol swap side.

MEV: One potential downside to a Bitcoin L1 swap is all swap requests are public in the mempool. This means that in every Bitcoin block you will have arbitrage opportunities as users trade assets. If you know what people are willing to swap, and you know what their slippage is, then you can try to trade in the pool in front of them to maximize your return on the swaps in aggregate. This is called MEV, and it is very prevalent on Ethereum.

The first meta-protocol fork!

Forking BRC-20: BRC-100 has announced that they will fork the BRC-20 meta-protocol. This means that every balance you have on BRC-20 will be automatically copied across to the BRC-100 protocol. If you own 100 Ordi as a BRC-20, you’ll get 100 Ordi as a BRC-100 asset.

The first meta-protocol fork! This meta-protocol fork is exciting because I don’t think we’ve seen a true meta-protocol fork yet, and I’m sure this won’t be the last. Copying balances over to a new meta-protocol is a fun way to bootstrap a new meta-protocol.

Move assets out of exchanges: But users should be careful because if you hold your BRC-20 tokens in a centralized exchange, or some other location (marketplace) where you don’t own the private keys, you may not be able to get your BRC-100 token airdrop because the real holder of the private keys (a centralized exchange or marketplace) might not support the BRC-100 standard yet. So stay tuned to whatever announcements come out from BRC-100 around where to safely hold your tokens to ensure you get the airdrop in a place where you can easily access it.

Bob’s Take

The state machines path on the smart contract side is unique. I wonder whether this will make it easier or harder for developers to build meaningful applications for users.

The Bitcoin L1 meta-protocol AMM is interesting. The AMM only works for meta-protocols that implement all of the necessary subcommands (meaning it only works for BRC-100 and RSM). And I wonder if the MEV / mempool sniping experience will be terrible or if there will be good ways to mitigate it.

Finally, the meta-protocol fork is awesome! I’m sure we’ll see many more of these as meta-protocols seek to grab the attention of the Bitcoin Season 2 community.

[Mikael.btc | BRC-100 & RSM @MikaelBTC]

What is BRC-20 Fork?
1. BRC-20 Fork is a hard fork of BRC-20 protocol, like #BCH for #Bitcoin, #ETC for #Ethereum.
2. BRC-20 Fork will introduce the programmability of BRC-100 to BRC-20.
3. BRC-20 Forked assets can participate in all the DeFi of BRC-100, like AMM DEX @100Swap_io, Stablecoin @100_Layer, Farming, etc.
4. BRC-20 Fork will have all the BRC-20 tokens before the fork block, like $ORDI, $SATS, $RATS, $PIZZA, etc.
5. All the on-chain BRC-20 holders will receive the forked BRC-100 assets in the wallet, with exact same amount.
6. BRC-20 Fork does not affect the original BRC-20 assets.
7. BRC-20 Fork will be merged to BRC-100.
8. BRC-20 Fork will happen on Sep. 2 2024.

Join the Fork Community: https://t.co/JBfXO0dGym

Check your pre-forked BRC-20 assets on #inBRC @in_BRC: https://t.co/jhHuB6xlBw

[inBRC | BRC-100 & RSM Marketplace & Indexer @in_BRC]

View your BRC-20 Pre-Fork assets on #inBRC: https://t.co/j0W2cZnIxQ

BRC-20 will be hard forked to BRC-100 on Sep. 2 2024, Re-Activate #BRC20 @MikaelBTC

Users will receive a fork of their #BRC20 assets in #BRC100, like $ORDI, $SATS, $RATS, $PIZZA, etc.

https://t.co/fJytiUc5NK