The Bitcoin ecosystem has produced countless ways of issuing coins, but in fact, none of them has been truly adopted by the mainstream. Even the BRC20 with a volume of billions seems extremely small compared to the entire Bitcoin.
It has to be said that the Bitcoin ecosystem is in a very early stage, both in terms of token speculation and application. Limited by Bitcoin's own slow pace and long-term digital gold tone, Rome was not built in a day, and the development of the entire Bitcoin ecosystem is bound to experience countless ups and downs before it is generally accepted by Bitcoin users.
Today we can think about: What kind of standards can occupy the mainstream of the future market? So as to make the right investment choices and construction directions.
「Colored coins are Native enough」
Speaking of colored coins, I have always believed that the biggest advantage of this form of token is "native".
The countless token forms we can see on the market are all trying to create some additional rules in Bitcoin, some definitions that do not originally belong to Bitcoin. Colored coins use Bitcoin directly as the token body - whether others recognize it or not, it is Bitcoin first, and then colored coins.
A few days ago, the community launched the "Wandering Sophon" plan. Specifically, it is to charge this token $sophon, which is only worth 1 satoshi, into major exchanges. More Bitcoin reserves of exchanges are exchanged for ARC20 colored Bitcoin. Most exchanges still only recognize it as BTC, so other users will randomly receive ARC-20 sophon tokens when they withdraw money from the exchange again. The simplest case shows that: ARC20 has always been the real Bitcoin, even the exchange uses it as Bitcoin, and there is no "air coin" here.
No need for additional ledgers, no need for additional side chains, no need for additional rules. BTC is the body of colored coins, and the basic unit of ARC-20 is the satoshi of Bitcoin. In the most primitive technical logic, colored coins are just "making good use" of Bitcoin itself. If you want to choose a coin issuance method that is most acceptable to the public and most in line with the characteristics of Bitcoin itself, colored coins will definitely have a place. In the history of Bitcoin, when it comes to the topic of "asset issuance", colored coins have always been the pioneers. As early as 2012, colored coins were the first perfect idea of the "asset issuance" solution in the Bitcoin circle. First is first, and since then, there has been no other asset issuance plan that has been deeply rooted in the hearts of the people and widely circulated in the history of Bitcoin for more than ten years. Before 2023, as long as it comes to issuing coins on Bitcoin, it seems that there is only one standard answer, colored coins. However, due to the rigid limitations of Bitcoin chain technology at that time, all technical attempts since the 10s have ended in failure. The long-cherished wish of colored coins has since become a persistent topic in the history of blockchain. When will colored coins be perfectly realized? When will this original vision be available? Until 2023, as more technical proposals for the Bitcoin mainnet are passed, more expansion space will be unlocked. The Bitcoin ecosystem ushered in the first explosive blossoming of a hundred flowers, with explosive developments such as inscriptions, runes, stamps, side chains, and Layer2... During this period, a protocol called Atomicals quickly occupied the mainstream vision, and was successively integrated by Unisat, OKX, and Binance. ARC-20 also began to become one of the mainstream standards of the Bitcoin ecosystem. Today, everyone mistakenly regards ARC-20 as a "special inscription", but they don't know that its true face "colored coins" is the historic breakthrough. It is better to say that it is the fulfillment of Bitcoin's original dream than to say that it is innovation. Colored coins have always existed and people have always known about it, but it has not been perfectly realized until now.
During the hottest period of inscriptions, in addition to BRC20, ARC-20 was the first protocol standard that Unisat wallet, OKX wallet, and Binance wallet all rushed to access. At that time, ARC-20 may not be the one with the most funds and the most popular in the market, but it can be universally recognized as the first, which shows that it must be the most sustainable, the most vital, and the most promising in the long term. Users may not all know the historical positioning and significance of Atomicals, but I believe that the first wallet of the Bitcoin ecosystem and the world's top two exchanges must have a full understanding of it.
「Ecology and Community」
A complete ecosystem, first of all, has complete technology and applications. Colored coins have always been only the token level of Atomicals. Other sectors such as Bitwork (PoW), Realm, Dmint, AVM, etc. will also shine in their own glory. The entire Atomicals has been mature enough so far, and there is no reason to stop its spread to the entire Bitcoin circle.
Secondly, the community is complete. When there are people and communities, there is more narrative. A protocol can develop smoothly for a year or two, the community is always under construction, developers never give up, and many projects continue to operate. This phenomenon is already the perfect fundamentals of the ecosystem. It has been almost exactly three months since I started publishing the Atomicals weekly report. Just the "progress" of these dozen weeks, one sentence per article, has already filled up 10,000 words. Such an ecosystem is full of vitality. Such "vitality" makes the protocol development enduring, the narrative sustainable, and the ARC-20 market big and unbreakable.
Any argument that Atomicals has no voice, no one to play, no community, no projects, and no developers is groundless. How is this protocol, whether this ecology has a future, and whether this community is reliable, you can come and see for yourself.
The most native, most orthodox, large ecology, strong community, such a protocol, when the Bitcoin ecology is trillions of volume in the future, can it occupy a place? Whether it is the scope of application at the protocol level or the adoption trend of colored coins, I and the community are firmly optimistic, and we really have no reason not to get up.
The steady and cautious progress of the ecology is destined to lay the groundwork for countless phased outbreaks in the future.
Slow is fast, and gold will always shine.
Anais
Joy
Weatherly
Catherine
Kikyo