Recently, hot topics in the field of encryption have been emerging, but there is no doubt that the word "inscription" has become one of the keywords that have attracted much attention in the past two months. Inscription projects such as ORDI, SATS, RATS, etc. have achieved amazing growth on the Bitcoin blockchain, bringing huge wealth effects to holders. The inscription craze has gradually spread from Bitcoin to various public chain projects, and almost every public chain hopes to become the next major ecological chain to carry inscription transactions. However, the popularity and ease of use of inscriptions still face problems, especially the transaction and management of inscriptions.
How do novices make inscriptions?
In the Ethereum ecosystem, the term "mint" is usually used to refer to making NFTs (non-fungible tokens), that is, "minting", while in the Bitcoin ecosystem, there is a special vocabulary for making NFTs, which is called "mint". inscribe" and the item produced is called an "inscription." In the cryptocurrency community, when referring to making NFTs, the term "inscription" is usually used. For example, "What are you inscribing today?" is asking what kind of NFT to make today. Of course, if you're more comfortable using the word "mint," that's no problem, they mean the same thing.
So, how to perform the inscription operation?
First, you need to prepare three things: Bitcoin, wallet and trading platform . Bitcoin is used to write information to the Bitcoin blockchain, which requires miners to package transactions for you, so you need to pay the corresponding miner fees. This fee is calculated based on the number of bytes of information, the larger the file, the higher the cost of producing the inscription.
Secondly, you need a wallet to manage your Bitcoins and perform inscription operations. In the Bitcoin ecosystem, there are some commonly used wallets, such as Hiro, Xverse, Unisat, OrdinalsWallet, Sparrow, etc. Typically, we use the Chrome browser plug-in versions of these wallets for inscription operations.
Once you have these ready, you can start engraving your project on the Bitcoin blockchain, thereby creating your own NFT. This process may take some time and fees, but it provides you with an opportunity to create and trade NFTs within the Bitcoin ecosystem.
It should be noted that as various BRC20 inscriptions enter the feverish bull market, various scams using inscriptions are also emerging in endlessly. How should novice users respond? First of all, it is recommended to choose some mature trading platforms for inscription trading. They will do a better job in terms of security experience and can distinguish between true and false inscriptions on the front end . Secondly, before making a transaction, confirm and compare multiple times whether The types of inscriptions and protocols you want to trade are the same; in addition, before accessing any platform, be sure to confirm the link through the official Twitter or social channel to avoid visiting fake websites.
20Exchange is a full-chain aggregation inscription trading platform that has attracted much attention recently. It aims to achieve simplicity and unification of digital asset transactions by aggregating DeFi trading platforms in multiple blockchain networks and become the next generation of cross-chain roaming and interoperability. s solution. The platform's built-in cross-chain bridge allows for the exchange of liquidity in different L1/L2 ecological assets as well as BRC-20 inscription track, Lightning Network and other fields. Its unique advantages and vision have allowed it to quickly emerge in the inscription market.
The reasons for being optimistic about 20Exchange are as follows:
1. Comparison with traditional trading platforms
Compared with the traditional Inscription trading platform, 20Exchange has significant advantages in many aspects. First of all, in terms of user experience, the interface design of 20Exchange is simple and intuitive, allowing users to conduct inscription transactions easily and quickly. Secondly, in terms of transaction speed, 20Exchange uses high-performance blockchain technology to ensure rapid confirmation and settlement of transactions. In addition, 20Exchange’s transaction fees are relatively low, providing users with a more economical trading experience. The most important thing is that 20Exchange focuses on security and credibility and has adopted multi-level security measures to ensure the safety of users’ digital assets.
2. Comparison with DeFi projects
Compared with DeFi (decentralized finance) projects, 20Exchange also has its own unique features. DeFi projects usually rely on smart contracts and liquidity pools to implement Inscription trading, while 20Exchange provides more functions that traditional Inscription exchanges have, including limit orders, market orders, etc. In addition, 20Exchange’s user interface is more user-friendly and suitable for users of different experience levels.
3.20Unique features of Exchange
20Exchange has many unique features, such as supporting multiple inscription types, providing diverse transaction options, and adopting a user-friendly interface design. These features enable users to participate in inscription transactions more easily and enjoy a better trading experience.
l Full-chain liquidity aggregation: Seamless connection of mainstream L1/L2 chains, inscribed assets in UTXO mode, and Lightning Network.
l Intelligent pricing strategy: automatically analyze market data and trends to provide users with the most competitive pricing.
l High-speed transaction execution engine: equipped with a high-speed transaction execution engine to ensure that users can complete transactions quickly.
l Secure trading environment: Enhanced security measures such as advanced encryption technology, multi-factor authentication and secure storage methods.
l Global service coverage: Services are oriented to global users and cover various digital asset markets around the world. Provide users with a wider range of trading options.
4. User feedback and community participation
So far, 20Exchange has attracted a large number of users and actively participated in community discussions. Users have given positive feedback on its efficient transactions and user-friendly interface, and the community has gradually grown, with user activity continuing to increase.
20Exchange has become a high-profile emerging giant in the inscription market, and its outstanding features and vision provide users with better trading options. As the inscription market continues to develop, 20Exchange will continue to be committed to providing users with better services and becoming an important force in the inscription field. 20Exchange’s future plans include continuously improving platform functions, establishing more partnerships, expanding market share, etc. At the same time, 20Exchange also actively responds to competition and challenges, striving to provide users with a better inscription trading experience.
