Author: 0xming
For decades, the value storage of the Bitcoin network has been more significant than the development of applications, but this stereotype was broken last year. After Domo released the token standard BRC-20 on the Ordinals protocol, the Bitcoin network gradually developed new forces such as various XRC-20 protocols and Layer 2 networks from the system paradigm of a point-to-point electronic cash system. Since then, Bitcoin, the trust machine that carries the largest consensus in the crypto world, has cleaned up the dust and slowly started, paving the way for the full opening of the new world on the chain.
And with the opening of a new cycle of macroeconomics and industry technology, the arrival of the halving narrative, and the approval of Bitcoin spot ETFs, various benefits have greatly enhanced the attractiveness and accessibility of Bitcoin. The currency ecology is on the rise. However, the early infrastructure planning and construction of the Bitcoin ecology is very lagging behind, showing faults and uneven characteristics. User demand has increased after the outbreak ofBRC-20Inscription Assets There is an urgent need to meet this demand, and few development teams can respond quickly and comprehensively to this demand.
For example, only in the current narrative stage of asset issuance such as BRC-20, ARC-20, SRC-20, etc., the functions of various temporary delivery wallets and trading markets are relatively simple and single, and the liquidity dispersion. In this context, as an early and steadfast builder of the Bitcoin ecosystem, the OKX Web3 wallet team has relied on years of technology accumulation and innovative spirit to quickly respond to user needs, leading the way in accessing BRC-20, ARC-20, SRC-20 and other types of wallets. Asset protocol, and cooperates with NFT, DEX, DeFi and Discover sectors to fully support the Bitcoin ecosystem, helping users enjoy a safe and convenient experience such as better prices and better liquidity, while enjoying the Bitcoin ecosystem in one stop.
This article will start from the user's perspective and teach step by step how to pass OKX Web3The wallet product has super practical, safe and convenient functions, making it easy to explore the new world on the Bitcoin chain.
1. Acquisition and trading of Bitcoin and network assets
Acquisition of Bitcoin
For those users who do not have Bitcoin assets in the Web3 wallet, you can enter the homepage of the OKX Web3 wallet and select the receiving function. You can quickly and safely deposit coins from the OKX exchange account. You can choose Taproot, Legacy, or Nested Segwit according to the actual situation. , and Native Segwit different address formats to receive Bitcoin. Or you can also use the OKX DEX section to exchange existing ETH, USDT and other assets into Bitcoin across the chain.
Inscriptions and BTC NFTTransactions
Users who own Bitcoin can conduct Bitcoin Transactions of other assets on the currency network. Bitcoin network assets are divided into two types: inscriptions and BTC NFTs, which can be simply compared to the ERC-20 assets and NFTs of the Ethereum network. Among them, according to various XRC-20 token standards such as BRC-20, ARC-20, SRC-20, etc., the Bitcoin inscription is also different. As the largest inscription market in the industry, users can purchase and sell assets such as BRC-20 and ARC-20 through the OKX inscription market without platform service fees, and enjoy a smooth trading experience. In addition, BTC NFTs can also be traded through the OKX NFT market.
In addition, the current OKX Web3 wallet already supports users to view and transfer SRC-20 assets. In the future, OKX Web3 wallet will soon launch the DRC-20 protocol and so on.
Bulk purchase and batch transfer
For users who want to purchase large amounts of assets, they can use the batch purchase and batch transfer functions of the OKX Web3 wallet Ordinals market. Purchase BRC-20 inscriptions and BTC NFT at the same time, and a single transaction supports up to 10 purchases, saying goodbye to cumbersome steps and improving transaction efficiency.
Batch engraving
Users can use the batch engraving function for free through the OKX Ordinals market engraving center without importing a private key. Only a single signature is needed for batch engraving. The BTC network currently supports up to 1,200 single engravings. The EVM network can automatically engrave 50 transactions at a time. It can be used for free without importing a private key, making it safer and more convenient.
UTXOUnoccupation and asset misfire prompt function
Some abandoned inscriptions will occupy UTXO, which will cause some users to BTC balance unavailable. For example, on the premise that the wallet's Bitcoin asset balance is sufficient, it is prompted that normal transfers or gas payments cannot be made. At this time, users can manually select worthless NFTs, as well as invalid BRC-20 and BRC20-S inscriptions through the OKX Web3 wallet UTXO management function, and release the occupation.
In addition, in order to ensure the security of user assets, OKX Web3 wallet is the first multi-chain wallet to realize the isolation of Bitcoin assets. It can provide a second reminder when users transfer Bitcoin assets to avoid accidental burning to the greatest extent. assets. However, it is worth noting that when linking and jumping to a third-party DApp through the OKX Web3 wallet, asset isolation is temporarily not supported. Currently, users can update the OKX APP or OKX Web3 plug-in wallet to the latest version to experience it immediately.
2. Bitcoin EcologyDAppExploration and Diversity of Play
Discovery And interactBitcoinEcological Popular Projects
For those who want to quickly explore the Bitcoin ecosystem but don’t know how to start or which projects to participate in For users, they can quickly discover and quickly interact with the Bitcoin ecosystem and explore opportunities on the chain through the OKX Web3 wallet Discover section.
For example, the current OKX Web3 wallet is the first to support the Rune Alpha protocol of the popular rune track in the community. Users can view and manage Rune Alpha protocol assets, Rune Stone airdrop queries, etc. through the OKX Web3 wallet. . In the future, OKX Web3 wallet will also support Runes protocol. For another example, the OKX Web3 wallet also responded very promptly to community users' interactive needs for the Nostr Assets protocol on the Lightning Network track, and launched the Nostr Assets batch transfer tool. Through rapid product iteration, OKX Web3 wallet helps users explore new applications on the Bitcoin chain immediately.
Get whitelist qualifications and other benefits
Whether you are a novice user or an experienced on-chain user, you can use the exclusive first-level issuance platform of the OKX NFT market In the Drops section, you can not only participate in the issuance of high-quality NFT assets at a preferential price for the first time, but also obtain an exclusive whitelist from the project party by completing designated tasks, so as to better grasp the revenue opportunities. For example, from February 28 to March 6, 2024, the first 100,000 users who participate in the Bitcoin staking protocol Babylon testnet staking activity through the OKX Web3 wallet plug-in will be eligible for the Pioneer Pass whitelist for a limited time.
Explore BitcoinLayer2Network
OKX Web3 wallet is now connected to Merlin Chain, For networks such as B², users do not need to manually configure, and can switch to the Merlin Chain network with one click for corresponding currency management. In addition, Merlin Chain network ecological DApp interaction can be simultaneously realized in the OKX Web3 wallet discovery section.
3. Diversified income scenarios of Bitcoin
Staking on the Bitcoin chain
For those who have Users with Bitcoin can use the DeFi section of the OKX Web3 wallet one-stop on-chain investment platform to pledge Bitcoin assets on the chain and earn on-chain income at lower gas costs. Or you can also participate in OKX DeFi’s irregular interest rate hike activities, increase income scenarios, etc.
OKX Web3The wallet consolidates the infrastructure and helps users better explore the Bitcoin ecosystem
Limited by the original design intention and community Consensus and many other factors, although Bitcoin still cannot completely replicate the various customizations and diverse gameplay of the Ethereum network, its pioneering changes are exciting enough and will reach more possibilities. Bitcoin has a new narrative other than the halving, and its impact on miners and the Bitcoin network is also weakening with the arrival of the satoshi narrative. Driven by Cong Narrative, how to quickly respond to market demand and launch convenient and safe products has become a proposition for industry builders.
As the earliest and steadfast builder of Bitcoin, OKX Web3 Wallet has built the largest decentralized market by overcoming technical difficulties and increased costs, starting from supporting asset protocols such as BRC-20, Become the first Web3 wallet to fully support XRC-20. In addition, through the collaboration of DEX, NFT market, Discover and other major sectors, we create one-stop infrastructure products for the Bitcoin Satoshi era, quickly respond to user needs, and at the same time, exert a demonstration effect and lead the construction of Bitcoin infrastructure.
With the launch of traditional securities firms, Bitcoin has gained the attention of the world's largest liquid financial market, showing a broad space. In this era, users only need to find and choose safe, convenient, and comprehensive tools such as OKX Web3 Wallet in order to improve efficiency and gain new insights.
JinseFinance
Cheng Yuan
Xu Lin
Bitcoinist