Bitcoin (106)

Are you tired of boring digital collectibles? If so, now's your chance to add some pizzazz to your collection with BTC digital artifacts. The world of NFTs became much more interesting with the introduction of ordinal theory — a newly emergent protocol that's creating plenty of buzz in 2023. The concept allows each satoshi, the smallest unit of Bitcoin, to be ranked, ordered, inscribed, and individually transferred. But that's not all. Individual satoshis can also be inscribed with unique, immutable data stored entirely on the blockchain.

Runes is a new development in the Bitcoin ecosystem that emerged in early 2024. The protocol applies Bitcoin's underlying UTXO (Unspent Transaction Output) system to create a fungible token standard. With this, Runes makes creating and managing digital assets on the Bitcoin blockchain easier, and could extend Bitcoin's functionality beyond just buying and selling the token.

Have you hopped on the SocialFi train yet? New Bitcoin City and Friend.tech are two major SocialFi projects that each have a particular focus. New Bitcoin City, with its foundations in the Bitcoin blockchain, is a framework for game players and NFT collectors looking to use beyond just trading on exchanges. Meanwhile, Friend.tech, based on the Ethereum blockchain, is a decentralized social network that allows users to tokenize and monetize their interactions, creating an economic market for social interaction.

BRC-20 has taken the Bitcoin community by storm since @Domodata created it on March 8, 2023. But what is the BRC-20 token standard? BRC-20 is a fungible token standard made explicitly for the Bitcoin blockchain.

Over the past couple of months,  BRC-20 tokens  and  ordinals  have gained plenty of attention in the Bitcoin community. Some have suggested the developments could raise gas fees and take up unnecessary space on the blockchain. In contrast, others have hailed both as being among the most incredible innovations since Satoshi published Bitcoin's whitepaper in 2008.

When Bitcoin was introduced in 2009, it revolutionized decentralized transactions by enabling peer-to-peer exchanges without intermediaries. However, with the rise of non-fungible tokens (NFTs), Ethereum’s dominance of the market dominance left Bitcoin enthusiasts seeking ways to incorporate NFTs on Bitcoin. In response, Casey Rodarmor introduced ordinals, allowing NFT creation directly on the Bitcoin network. This innovation expanded the possibilities of the network, but did face some limitations.

Each year, the Bitcoin community enthusiastically celebrates Bitcoin Pizza Day to commemorate a significant milestone in cryptocurrency's history: the first-ever real-world transaction completed with Bitcoin.

A beginner-friendly introduction to Bitcoin’s SegWit, including what SegWit is, why it’s important, and what it achieves When Satoshi Nakamoto designed Bitcoin , he stipulated that the capacity of each block should not exceed one million, and the number of transactions that can be recorded in each one million capacity is extremely limited. In the earliest days, the capacity of each block of one million was enough to cope with the transaction volume of the niche market, but when the number of Bitcoin players surged, it became particularly congested.

The Taproot upgrade marked an interesting chapter in Bitcoin’s history when it launched in November 2021. One upgrade the industry is starting to witness more and more of is the network's smart contract capabilities. Taproot is designed to meet the growing demands of Bitcoin users while staying true to its decentralized roots.

When it comes to building a portfolio for the long haul, traders often look towards long-standing, blue-chip stocks and exchange-traded funds tracking the Standard and Poor's 500 (S&P 500). Given their time-tested narrative and popularity among institutions, it's no surprise why such assets are top picks for anyone new to the world of traditional finance (TradFi).

April 19, 2024 saw the arrival of the fourth Bitcoin halving event — a significant development affecting the asset's circulation. But what is the Bitcoin halving exactly? According to the Bitcoin white paper , it's a built-in feature of Bitcoin's programming that occurs approximately every four years. This unique event cuts the number of Bitcoins awarded to miners for processing transactions in half. Why does this matter? Well, it's all about supply and control.

To many, Bitcoin represents the pinnacle of crypto, being the most widely-known cryptocurrency to date. The coin runs on a decentralized blockchain technology network, providing reliability and openness for all transactions. Bitcoin has changed how we think of the concept of money, enabling peer-to-peer (P2P) transactions across the world without the need for traditional financial intermediaries like banks.

Cross-chain bridges are a powerful force in crypto, allowing for the seamless transfer of your digital assets from one blockchain to another. The tool aims to improve the compatibility of different blockchains, simplifying the transfer of assets between various networks.

Are you seeing Runes projects flooding your X timeline? If so, you may be wondering how to buy or trade them. Similar to non-fungible tokens, projects built on the Runes protocol have their own marketplace, too.

With Bitcoin gaining massive institutional interest and countries adopting it as a legal tender, the demand for regulated financial products for cryptocurrencies is growing. For instance, the bullish sentiment caused by the first Bitcoin futures-backed ETF in the United States — with over $1 billion traded on its first two days — indicates the growing market for crypto exchange-traded funds.

What are inscriptions? Inscriptions are a powerful new method of storing images, videos, audio, text, and code directly on a blockchain. Similar to NFTs, you can view inscriptions as digital artifacts. For example, if we were to examine ordinals, the metadata is encoded on a satoshi, the smallest unit of . Ordinals are a means of tracking individual satoshis, which you can attach data to the blockchain by inscribing them directly on chain.

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Bitcoin (BTC) is the native cryptocurrency of the Bitcoin network, while Wrapped Bitcoin (WBTC) is its wrapped version. But what is a wrapped crypto? In simple terms, cryptocurrencies can be moved from one blockchain to another. Through a procedure known as “wrapping,” cryptocurrencies can function on another chain. This opens up a world of new use cases and utilities for cryptocurrencies, including (BTC).

Did you think BRC-20 tokens were just a fad that'd fade into obscurity? Some community members still believe that, especially Bitcoin maximalists. But with Bitcoin picking up steam in 2023, inscriptions have been thrown into the spotlight again. Before we explore BRC-20 token SATS, it's essential to understand the distinction between SATS and sats (the capitalization is important), particularly if you're new to the crypto world.

With its price volatility and hectic pace of innovation, one can often hear people chat about virtual assets, in the news as well as in life. But how much do you personally know about the space? In this article, we've compiled some of the most frequently asked questions about virtual assets — with their answers. Mastering these questions will make sure you're equipped to talk about the topic knowledgeably and, maybe, start dipping your toes!

São Paulo, June 1, 2024 -- Today, we at OKX, a leading crypto exchange and Web3 technology company, are excited to announce the launch of our latest campaign for the Brazilian market: the "First Order Loss Guarantee" campaign. This initiative is designed to provide greater confidence for new users looking to invest in Bitcoin, the world's most popular cryptocurrency.

Smart contracts on the Bitcoin blockchain have limitations affecting their functionality and usability. One major limitation is the syntax — the rules underpinning the structure of the programming language. design intentionally made it Turing incomplete, which means it lacks logical loops and conditionals, making complex transactions and contracts challenging to implement.

Has 2023 become the year of token standards in the crypto space? One of the most notable developments is the emergence of the SRC-20 standard on the Bitcoin blockchain. Some say it's inspired by Ethereum's famous . Many believe that SRC-20 brings a new dimension to digital art and tokens on , offering a blend of innovation and tradition. That's just like another familiar token standard, BRC-20.

“HODL” is a meme that's been a staple of the cryptocurrency community for longer than most digital assets have existed. It simply means to “hold” an asset — i.e., to keep exposure to it — long-term, even when its price is falling. There's nothing particularly deep or complex to grasp about the term, and it originated as a typo by an early Bitcoin investor on a popular forum.