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$SATS $ORDI A brief overview of the past and present of inscriptions:
Pain points are gold mines!
As everyone knows, the Bitcoin mainnet cannot issue tokens. To solve this pain point, developers in the ecosystem have developed many protocols on the Bitcoin mainnet.
In January 2023, Casey Rodarmor released the Ordinals protocol, which completely ignited the Bitcoin ecosystem. It produced a series of star projects like ORDI, leading to a period of prosperity.
Following Ordinals, a wave of token protocols emerged: BRC-20 (March 2023), Runes protocol (April 2024), and other important protocols.
Although many protocols have been developed, due to the high transaction fees on the Bitcoin mainnet, slow on-chain confirmation, and especially the numerous protocols causing traffic diversion and gradual depletion, plus the double-edged sword of public minting, the ecosystem nearly collapsed.
In simple terms, three issues led to failure:
1. Public minting, leading to aborts,
2. Lack of liquidity,
3. High Gas fees.
Now, all three pain points have been completely solved👇🏻:
1. 👍🏻 Community consensus mechanism; providing LP reward minting rights, solving the public minting problem.
2. ✌🏻️ Using FB (Fractal Bitcoin) chain to develop inswap, which solves liquidity issues across all Bitcoin layer-2 ecosystems, with fast speed and strong compatibility.
3. 👌🏻 FB solves Bitcoin mainnet’s gas fees and transaction speed, with transfer speeds of seconds. At the current price, 1 FB = $0.41, approximately 1000 transfers can be made, with gas fees lower than all peers!
Next, the ecosystem is booming, and you’re on the bus not...