A comprehensive understanding of the BTC ecosystem and tools

Author: Insightnews

Introduction

Before understanding these protocols, let's first answer a question: why has the BTC ecosystem suddenly been discovered for its value?

This brings us to two important technological updates. The first is the Segregated Witness upgrade in 2017, which expanded the BTC block data from 1MB to 4MB, but the expanded portion could only be used to store signatures.

It wasn't until the Taproot upgrade at the end of 2021 that advanced scripting could first be written in Segregated Witness. BTC made significant progress in programmability and scalability, leading to the emergence of protocols with complex logic. The BTC ecosystem finally entered the next milestone phase, which was a major opportunity for the ecological explosion in 2023.

Source: @0xleo0x @blockpunk2077

Quick Overview of the BTC Ecosystem in One Image

Tool Summary

Lightning Network (Taproot Assets)

Taproot Asset Explorer: https://terminal.lightning.engineering/assets/mainnet/

Wallet (Alby): https://getalby.com

Nostr Assets Protocol Official Twitter: https://twitter.com/NostrAssets

Nostr Assets Protocol Marketplace (Official Site): https://mainnet.nostrassets.com/#/marketplace/listing

Comparison of Taproot Assets, BRC20, and ARC20: https://mirror.xyz/3plabs.eth/XmPeAXxcjovPN727ydyuRWBh4VI_U5VmmVANkum3AyY

Lightning Network Full Node Configuration Tutorial: https://twitter.com/ohxiyu/status/1717955186478780678

Ordinals

Official Website: https://ordinals.com

Official Wallet: https://github.com/ordinals/ord/releases…UniSat (the wallet with the largest user base + trading market): https://unisat.io

BRC-20 (Block Explorer) https://ordiscan.com:

idclub (currently the most complete代打 platform): https://idclub.io/brc20

satosea (tracks real-time on-chain minting inscriptions, fees can be refunded if minting fails): https://looksordinal.com/index.html

geniidata (captures real-time minting status of hot inscriptions and NFTs): https://geniidata.com/ordinals/home

Check BRC-20 token prices, circulation, and total market value: https://btctool.pro/brc-20, https://brc-20.io, https://ordspace.org/brc20

BRC-20 Data Analysis: https://dune.com/dgtl_assets/bitcoin-ordinals-analysis

NFT Trading Market: https://magiceden.io/ordinals, https://ordinalswallet.com/collect

Atomicals

Official Twitter: https://twitter.com/atomicalsxyz

Atomicals Wallet: https://atomicalswallet.com

Wallet Companion Site (allows batch transfer of NFTs and Realms): https://wizz.cash

Atomicals Market (trading market, supports minting of protocol assets and browsing of newly minted assets): https://atomicalmarket.com

Trading Market SatsX (classification and trading features are still underdeveloped):

Atomicals Protocol Whitepaper: https://docs.atomicals.xyzhttps://satsx.io

Data Dashboard (statistics on daily minting volume of Atomicals and Ordinals protocols, and categorizes minting statistics of different assets on Atomicals): https://dune.com/0xmatsu0x/atomicals-vs-ordinals

PIPE

Official Twitter: https://twitter.com/PipeBtc

inscrib3 (the first tool site supporting minting): https://pipe.inscrib3.land

Ppline (a simple market): https://ppline.app