🌟 Introducing Atomicals-go: A streamlined, open-source indexer for the #Atomicals Protocol. Developed by @isyiming.
⚛️Benefits include minimal storage, zero downtime, #BTC fork adaptability, and mempool query support
https://t.co/JteB0nGtjY
$ATOM #ARC20 $QUARK #BRC20#AVM
Last month @atomicalsxyz published the Atomicals Virtual Machine (AVM) whitepaper- focusing on bringing programmability and smart contracts onto BTC Layer 1
Main issue:
UTXO model is constrained, leaving builders with non-customizable behavior of assets as the rules of the state machines are immutable - requiring a more complex dynamic "state machine" model to record asset state changes.
2 potential solutions being discussed:
1. Build external protocols; bringing state machines off chain- in form of layer 2 solutions. E.g RGB , Lightning Network, CKB
2. Implementing new OP_CODES, e.g OP_CAT or add Covenants
AVM proposes a hybrid solution
An Overlay Protocol Indexer is introduced: simulating Bitcoin Script and introducing custom opcodes adding variability. This would allow creation and execution of smart contracts.
The simulation will run in a sandbox environment to ensure that nothing interferes with the BTC network. This environment makes up the state change including validation before posting it onto the BTC blockchain for execution.
The introduction of AVM - using overlay digital asset indexers to execute smart contracts on Bitcoin is a great insight into the theory which if brought to practice could add the missing piece in the lack of programmability and smart contract integration on BTC.
With practical examples to the introduced concept AVM could become a solid solution, enhancing Bitcoin's functionality and scalability.
Looking forward to seeing more developments in the coming future.
$ATOM #ARC20 $ELECTRON $QUARK #BTC #BRC20
1/ 📢 Dive into the world of #Atomicals and explore the core components: #ARC20 tokens, #Dmint NFT, #Realms, and how #AVM will empower the entire protocol.
🔖this thread for updates and insights being built on Atomicals 🚀
Let's dive in to the complete Atomicals Overview! 👇
Unlock the potential of Bitcoin with ARC20 Colored Coins 🎨by @atomicalsxyz. Backed 1:1 by satoshis, featuring powerful Bitwork mining, and flexible minting options 🚀
Explore more about ARC20 in this infographic and join the Atomicals community ⚛️
#Bitcoin#Atomicals#ARC20
The #AVM by @atomicalsxyz is a powerful innovation to the Bitcoin ecosystem, enabling it to support complex smart contracts and digital assets. It combines the security and robustness of Bitcoin with the flexibility and functionality of advanced programmable contracts
🎊 Congrats to our partner @bouncebit on the inaugural launch of their mainnet and the introduction of $BB!
BBScan explorer now syncs with #BounceBit mainnet. Now public & private RPC nodes and indexing service also support this ecosystem.
A landmark moment for blockchain innovation!🌟
🔍 Code Decompiler arrives on #SuiVision! Our commitment to transparency for developers and users just got stronger. It brings @SuiNetwork Code transparent by converting bytecode into readable source code.
Special thanks to @b1ackd0g for the insights and step-by-step guides.
🌟 Watch the video for the full scoop!