Bitcoin blocks become “land”? How should Bitmap be played?

Author: Rebbeca, Navigator; Source: Crypto Kitchen

In the past 2023, the Ordinals theory and protocol, which were born based on the two technological innovations of Segregated Witness and Taproot upgrade, unexpectedly promoted the start of Bitcoin, the strongest decentralized consensus. Beyond the single narrative of its "store of value", Ordinals Protocol, and theories, protocols, tokens such as BRC20, Runes Protocol, Atomical Protocol, DMT digital material theory, NAT non-arbitrary token, Bitmap, etc. that are based on or inspired by it Standards and projects are emerging one after another, and they are building the cornerstone of a decentralized value network for a digital and intelligent future.

On March 11, Bitcoin broke $70,000 and hit a record high Starting from that date, BIT FM officially launched the "Bit Native Narrative" series based on the aforementioned pioneering exploration and practice, and worked with colleagues such as Navigator Labs and Crypto Kitchen to promote Bitcoin native narrative research and jointly strengthen the Bit Native Narrative movement.

Foreword: "Digital Matter Theory" is becoming more and more popular Applied to the issuance of digital assets in the Bitcoin ecosystem, a digital world based on "non-arbitrary value" is being rapidly constructed...

Today we will introduce Bitmap, the first non-arbitrary metaverse project in the Bitcoin ecosystem.

/1. What is Bitmap? /

at In December 2022, Casey Rodemer created the Ordinals protocol, which allows us to store data on the Bitcoin network. This is a revolutionary breakthrough, which means that Bitcoin is no longer just a means of storing value. This upgrade enables users to inscribe data on Satoshis, the smallest unit of Bitcoin, resulting in a new asset class, the Ordinal Artifact. Bitmaps fall into this category of assets, permanently stored on the Bitcoin blockchain and no one can tamper with or destroy them.

The idea of ​​Bitmap was proposed by Bitoshi Blockamoto in June 2023 : Treat each block of Bitcoin as a "digital district" in the virtual world, and each transaction in the block is regarded as each "parcel" in the "digital district" , the specific data points and characteristics of each transaction determine the nature of the "lot" - this means that each digital area is unique and "Non-Arbitrary" (Non-Arbitrary), because they are based on each It is generated by different information on the block, rather than being created out of thin air.

In the picture below we can see that each transaction starts with a Parcel status is displayed. Countless large and small parcels ultimately constitute this bitmap.

It is an important application of "Digital Matter Theory (DMT)" in the Bitcoin ecosystem, and it is also one of the many applications in DMT One of the types of digital substances, existing in the form of NFT. Regarding digital matter theory, you can refer to our previous article:"What is digital matter theory?" Ten questions about DMT to help you understand》.

In other words, Bitmap is the first non-standard format in the Bitcoin ecosystem. Any metaverse project, its operating principle is to use the data of the Bitcoin blockchain to build a map of the digital world, and by converting block data into a digital landscape in the virtual world, it provides users with the opportunity to participate in the construction of the metaverse. Opportunity.

Blockamoto introduced his idea in the GitHub repo. ：

「Bitmap is a consensus standard that allows any People claim the geospatial digital assets of Bitcoin blocks. This process is achieved by being the first to inscribe blocknumber.bitmap onto satoshis using the ordinal inscription standard. The process is fair and decentralized, by spending some energy to Any Bitcoin block becomes part of the Metaverse. The platform can parse these block data into the 3D realm and grant building access to the block owner, thus creating a new paradigm for open source development. Bitmap theory transforms Bitcoin into The coin data landscape maps to a spatial analogue, revealing the basis of the persistent metaverse. To have a persistent piece of the Bitcoin metaverse (called a bitmap), one must have a valid Bitmap via District-theory.md and Parcel-theory.md Land inscription."

/ 2. Why is the data on Bitmap special? /

Blocks on Bitcoin can be viewed as a historical timeline, they Consists of real-time transaction details and permanent data strings. The data for these blocks is extracted and parsed directly from Bitcoin Core’s live mainnet data.

In the previous picture, we can see each square Each is a transaction, each with its own unique non-arbitrary resource string. Therefore, developers can regard Bitmap as the cornerstone when creating any full-stack application. By sharing such a static base-level cornerstone, various applications can realize the opportunity of "interoperation" and have cross-border capabilities. Practicality. This allows users to maintain autonomous management of their assets and identities while exploring the different worlds of the Metaverse.

/ 3. How to hold Bitmap? /

bit Any block on the currency blockchain can be engraved with a Bitmap, which follows the Ordinals theory and protocol. Only the first person to be engraved on the block is the owner of this Bitmap.

How to engrave? After confirming the block you want to use, copy the block number + .bitmap (for example, if the 800000th block is selected, it is 800000.bitmap) to a platform that provides inscription services, such as UniSat or OrdinalsWallet's inscription service. You can also engrave multiple blocks at one time (as shown below), and then select Next to make payment. In this way, the engraving is completed.

Note that Bitmap can only be engraved on mined blocks, and writing on currently mined areas has been locked. , the only opportunity is to stay in the new block. Bitcoin mines a block every 10 minutes on average. You can rush to write your own Bitmap as soon as possible (but it is not recommended because there are many robots waiting for the opportunity). Another simple and feasible way is to Purchase on secondary markets like Ordinals Wallet.

/4. What is the difference between Bitmap and the previous Metaverse? /

Bitmap challenges the traditional concept of ownership in the digital realm and aims to establish Community and collaborative spirit. It is completely decentralized and autonomous by the participants. Unlike Decentraland or Sandbox, the Metaverse is dominated and led by one project party.

Blockamoto only proposed the engraving rules of Bitmap and is not responsible for distribution Bitmap, what participants need to do is to engrave and claim their Bitmap according to this rule. Since being proposed in the middle of last year, the idea has gained increasing acceptance, so much so that more than 800,000 blocks that have been mined have already been claimed.

Bitmap provides block owners with the ability to actively contribute to the metaverse. Opportunities to contribute. By owning a block, users gain a platform to build on the space they own, fostering a vibrant and community-driven environment in the Metaverse.

/ 5. How much room does Bitmap have in the future? /

According to According to information from Ordinals Wallet, Bitmap is currently the second largest asset in terms of transaction volume on the platform (as shown below), with 2.86 BTC (approximately $208,761) traded in the past seven days. Since the emergence of Bitmap to the present, the total transaction volume of Bitmap on major platforms has been nearly 1,500 BTC, and the current floor price is 0.0035 BTC, which is more than 100 times higher than the minting cost last year.

As the Bitcoin ecosystem continues to grow, more and more projects have joined it, taking away Bitmap’s C position, but Considering its cornerstone role in building the “non-arbitrary metaverse”, its future value cannot be underestimated. Since Bitcoin's inception in 2009, more than 830,000 blocks have been mined, which means there is roughly 1 Bitmap for every 10,000 people. If we think of Bitmaps as the foundation of a decentralized global metaverse, they are actually quite scarce.