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ARC-20 Token QUARK in the Bitcoin Ecosystem Shows Growth Potential in Coin Holdings and Market Value Due to Its Meme Attributes. QUARK can still be minted as of the time of writing, and readers can quickly learn how to do it. This article does not provide any investment advice, please conduct your own research and exercise caution.
(Previously:
Analyzing BTC’s two native asset protocols: BRC20 and ARC20
)
(Background Information:
Bitcoin Ecosystem in Full Swing: Quick Introduction to ARC20 Thousand-fold Track and Lightning Network Hundred-fold Track
)
Table of Contents:
Tool Preparation:
1. Register Wallet
2. Enter Satsx
3. Click Preview
3. Choose gas
4. Click Inscribe
5. Start Minting
6. Wallet Signature
7. Wait for Block Confirmation
In the Bitcoin ecosystem, the ARC20 token QUARK, which is being mined almost across the entire network, has meme attributes and its English meaning “quark” is similar to “sats,” the smallest unit of Bitcoin. Due to its high initial market value, large number of coin holdings, and strong underlying consensus, many community members believe that QUARK has the potential to become a meme coin that can stand out in the Atomicals ecosystem.
From the perspective of participation, on the one hand, QUARK has a total supply of 500,000, which will take a long time to mine and allow many people to participate, thus forming a certain consensus. On the other hand, compared to Electron and Neutron, QUARK mining difficulty is relatively lower at 6. Coupled with recent multi-thread optimization, most people have the opportunity to experience the joy of mining.
Currently, the total supply of QUARK is 500,000, with 20,000 coins per token. According to Atomical Market data, as of the time of writing, the price of one QUARK token is $25, with a market value exceeding $420,000 and a 24-hour trading volume of over $50,000.
Readers with programming background and ability are recommended to set up the environment for more efficient and cost-effective mining. In this article, we have compiled the simplest way for beginners to mine and mint.
1. Wizz Wallet (formerly ATOM Wallet)
2. Minting proxy platform
3. Atomical Market trading platform
4. QUARK project details
5. Mempool Bitcoin chain block query
You can choose to receive in Unisat Wallet or Wizz Wallet (formerly Atom Wallet) address. Currently, it is recommended to use Wizz Wallet, which can better recognize Atomicals ecosystem assets.
Open Wizz Wallet on the official website and click “Install” to add it as a Chrome browser extension.
In the Chrome browser extension, open the Wizz Wallet (Formerly Atom) plugin. New users can choose “Create new wallet” in this interface. After entering a password for registration, a 12-word mnemonic phrase will pop up. Backup the mnemonic phrase and choose the address with m/86/0/0/0/0 at the end. Click “Continue” to create the wallet successfully.
Transfer Bitcoin to the Wizz Wallet address as a transaction fee. Currently, the cost of one token is around 20U, so it is recommended to prepare more Bitcoin as GAS fees to ensure sufficient transaction fees.
Enter the minting proxy website satsx and link your wallet. In the Inscribe page, select Atomicals on the left side, choose Mint under the FT tab, and enter “quark” in the “Ticker” field. If you want to receive it at another address, check “Receive by Other Address” and enter the new address.
After filling in the basic information, click “Preview”. In the “Content” code filling box, check the third line of the code for mint_ticker, which should be “quark”.
In the “Transaction Fees” section, choose the appropriate fee based on the current Bitcoin gas fee. Different fees have different minting speeds, namely 1 hour, 30 minutes, and 10 minutes.
The total cost of using the minting proxy website is currently around 25U, with 1,000 sats as the fee for the proxy platform, 20,000 sats for minting the token, and the rest as transaction fees.
If there is an error in the code information, you can click “Previous Step” to modify the basic information. Once the information is confirmed and the gas is selected, click “Inscribe” to start the process. The system will check your UTXOs to see if you have sufficient funds. After checking and confirming that the UTXOs are sufficient, the transaction construction will begin.
This process takes a long time and requires patience. The time consumed depends on the difficulty of Bitwork, with a mining difficulty of 6 for QUARK. According to DUNE data, the current minting progress of QUARK is 2.92%. According to community feedback, it takes about 1.5-2 hours to mine one QUARK token. However, based on the author’s testing, the time far exceeds 2 hours, so it is recommended for users with the ability to set up an environment to mine QUARK.
After successfully mining QUARK, the Wizz Wallet will display a signature box. After completing the signature, wait for the transaction to be confirmed in the transaction pool.
Click “View History” in the Wizz Wallet to access the most recent transaction. When the mempool shows the confirmation in blue-purple color and the transaction is confirmed, you have successfully minted one QUARK token.
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Tags:
ARC-20
bitcoin
QUARK