Author: c00k1e, Joyce, BlockBeats

Editor: Zhang Wen, BlockBeats

Today, Binance announced that it will launch ORDI 1-50x U perpetual contracts. This news has attracted more attention to the already active Bitcoin ecosystem.

In the past week, after UniSat announced the launch of the brc20-swap mainnet, the sats token saw a significant increase in value, and there have been frequent surges in brc-20 projects. The Bitcoin ecosystem has become one of the most talked-about topics in the community.

Busy "BRC-20 Zoo"

With the launch of UniSat Wallet on the brc20-swap mainnet on October 31st, multiple BRC-20 tokens named after various animals that were deployed as early as March were wiped out in the past week, including cats, foxs, BEES, owls, fish, $PIG, bird, cock, lion, etc. The prices of these "animal coins" have been rising along with the active atmosphere of the Bitcoin ecosystem.

From the weekly transaction volume, it can be seen that the transaction volume of cats, lion, and fish exceeds that of the well-known BRC-20 token ordi in the community. Among them, rats, which was launched on October 31st, had the most prominent increase in both price and trading volume, with a growth rate of over 389% in the past week. The number of transactions in the past week was 4904, second only to sats, while the weekly transaction volume of ordi was only 201.

In addition, the sats of UniSat BRC-20 Swap Gas fee have also risen rapidly, with an increase of over 900% in the past week, and the trading volume is the highest among BRC-20 tokens.

Bitcoin NFT Goosinals weekly increase exceeds 380%

Other than BRC-20, the performance of Bitcoin NFTs represented by Goosinals has also attracted attention in the NFT market. As of the time of writing, the floor price of Goosinals is 0.0097BTC (approximately $338), with a growth rate of over 380% in the past week.

Related reading: "Ordinals ecosystem is becoming more fun, is the Bitcoin NFT ecosystem returning from the "casino" to the "art gallery"?"

"Goose" is not actually an NFT project released by a specific artist on Bitcoin, or even an NFT project released by a specific artist on a particular chain.

"鹅爹" is the famous generative artist Dmitri Chernia, also known as the creator of the popular Art Blocks project "Ringers".

To commemorate Ringers #879 "The Goose", Dmitri Chernia set up such a creative theme in the MoMA Postcard project - if you design a simple, 10 x 10 pixel, 10K PFP with "goose" as the theme for MoMA, what would you make? Other artists in the project use the generator he provided to create "goose".

The "Goose" series on Bitcoin originated from the founder of BRC-20, @domodata's tweet - it would be interesting to create a "First is First" 10K "Goose" series. Compared to the "Goose" series distributed on all other blockchain networks, the "Goose" on Bitcoin is the most influential and has been recognized by Dmitri Chernia himself.

Ordinals founder announces suspension of development of new FT protocol Runestone

On November 2nd, Casey Rodarmor, the founder of Ordinals, announced in a space that they will suspend the development of the Runestone protocol and focus on optimizing the Ordinals protocol.

Runestone is a new Bitcoin FT protocol design concept proposed by Casey on September 26th. He plans to design a simple, UTXO-based FT protocol that allows Bitcoin users to have a good user experience, reduces the protocol's on-chain "footprint", and promotes trusted UTXO management, thereby reducing the "garbage UTXO harm" caused by BRC-20 to the Bitcoin network.

Related reading: "New FT protocol for Bitcoin emerges, Ordinals founder can't stand BRC anymore"

The proposal of the Rune protocol can be seen as Casey's "tough love" for the Ordinals protocol - although he is the founder of the protocol, he cannot unilaterally kill the "tumor" BRC-20 that he believes is parasitic on the Ordinals protocol in the world of Web3.

BRC-20 Founder Proposes Core Function Cleanup Proposal

On November 4th, BRC20 founder @domodata proposed a first-stage proposal for cleaning up the core functions of brc-20 to @L1Fxyz. The proposal suggests integrating a new core function called "fraction" into the brc-20 protocol to improve the token trading experience for all users.

The current BRC-20 protocol allows anyone to create transfer plaintext to any address. While this accessibility allows for the use of plaintext tools, it also opens the door for potential malicious actors to interfere with user activity. By directly incorporating the "fraction" feature into the BRC-20 protocol, specific validity conditions can be enforced during transfers. This measure aims to increase the cost of attack for malicious actors. The "fraction" feature is intended to become a core part of the BRC-20 protocol, setting the allowable range for transfer amounts and/or the minimum padding required to create a valid transfer plaintext.

Previously, Ordinals Contributor @ordjingle pointed out that there is a potential vulnerability in brc-20, where malicious users can send a large number of small transaction inscriptions to the address of a large account, thereby locking the balance of the large account. This forces the large account to pay high gas fees to clear these useless transaction inscriptions in order to unlock its balance. This proposal may be a response to this issue. For most users, they will not use this feature.

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