The “Techno Halal” Atomicals community in the Bitcoin ecosystem: What “Astrophysics” assets can be found? This article introduces the Atomicals protocol, its top projects, and tools.
Table of Contents:
Toolbox
ARC20
Atom
AVM Virtual Machine
Electron
Neutron
QUARK
Quantum
Realm
NFT
TOOTHY the Crocodile
SCIENTISTS
FISHFACEMAN
When exploring the vast and mysterious digital realm of the Bitcoin ecosystem, Ordinals and Atomicals shape and maintain the new developments in this ecosystem in different ways.
Atomicals primarily focus on establishing and managing complex token systems on the Bitcoin network, while Ordinals specialize in creating and trading unique NFTs and data on the Bitcoin blockchain. They each play different roles in the Bitcoin ecosystem.
With the release of Atomicals Indexer 1.3.6, ARC20 tokens can be traded in smaller units through splitting. The UniSat team announced their support for ARC20 starting today, with ARC20 asset trading opening on December 28 and services provided for ARC20 assets on December 30.
This is not only a new chapter in the Bitcoin digital realm but also indicates that large trading platforms like OKX and Binance may soon join this feast and start supporting ARC20 assets.
The Atomicals Protocol is a simple and flexible protocol that can be used to mint, transfer, and update digital objects on a Bitcoin-like blockchain based on the UTxO model. An Atomical is a way of integrating digital objects, essentially a digital ownership chain defined by simple rules. The idea behind Atomicals is: No transaction history, not your digital object.
To assist more users in quickly getting started with Atomicals, this article compiles several common assets and tools in the Atomicals ecosystem.
1. Wizz Wallet (formerly ATOM Wallet)
2. Token Minting Platform
3. Official Domain Query
4. ATOM Inscription Browser
5. Atomical Market Trading Platform
6. Wizz Cash Wallet Dashboard and Asset Transfer Tool Board
7. Bitcoin Mempool Block Query
8. Comparison between Atomicals and Ordinals Data
9. Atomicals Data
While BRC20 tokens’ inscriptions often revolve around zoo elements, Atomicals tokens are more aligned with their name, exploring the mysteries of the universe and astrophysics.
Currently, the Atomicals code repository ranks sixth in the monthly trend list on GitHub. Joining the Atomicals community chat, you will encounter a technical culture focused on deploying Bitcoin full nodes, deployment environments, and code sharing, with many scientists involved. If someone says Ordinals is like BAYC, then from this perspective, Atomicals is more like Punk.
Unlike the Atom tokens issued by the Cosmos project, Atomicals’ first ecosystem token, $Atom, has a total supply of 21,000, with 1,000 tokens per unit. Atom has become a rare ten-thousand-fold coin in the Bitcoin ecosystem. Currently, most of Atomicals’ liquidity and trading volume are still concentrated in ATOM.
According to Atomical Market data at the time of writing, Atom is priced at $14.5, with a market value exceeding $280 million and a 24-hour trading volume exceeding $1.71 million.
AVM, with a total supply of 21 million tokens, held a prominent position before the emergence of tokens like Electron and Neutron. However, its market value has now been surpassed. According to Atomical Market data at the time of writing, AVM is priced at $0.284, with a market value exceeding $5.7 million and a 24-hour trading volume exceeding $710,000.
Electron, with a mining difficulty of 7, was established on November 19 as an ARC20 token, with a total supply of 18,400 units and 54,600 tokens per unit. According to an official tweet, Electron mining took up to half a month. According to Atomical Market data at the time of writing, Electron is priced at $0.008, with a market value exceeding $7.6 million and a 24-hour trading volume exceeding $110,000.
Neutron, with a mining difficulty of 8, has a total supply of 21,000 units and 100,000 tokens per unit. According to Atomical Market data at the time of writing, Neutron is priced at $0.002, with a market value exceeding $3.9 million and a 24-hour trading volume exceeding $300,000. Neutron’s characteristic is “Empowered Bitcoin,” which builds upon traditional Bitcoin technology while introducing enhanced features and functionality. This concept integrates advanced protocols and innovative mechanisms to establish a more universal and efficient form of cryptocurrency. The Neutron Protocol team uses the nSequence field to increase randomness, resulting in a 10-fold improvement in the mining speed of ARC20 code optimization.
In addition, “Empowered Bitcoin” emphasizes inclusivity and fairness in the mining process. It adopts an improved Proof-of-Work (PoW) algorithm that not only ensures the security and integrity of transactions but also makes mining more accessible to a wider range of participants, breaking away from the dominance of large-scale mining operations. This approach democratizes the mining process, allowing for more equitable distribution of rewards and opportunities within the community.
QUARK, with a mining difficulty of 6, is currently still being minted. It has a total supply of 500,000 units and 20,000 tokens per unit. Currently, the cost of minting one QUARK is approximately 25u. According to Atomical Market data at the time of writing, QUARK is priced at $0.001, with a market value exceeding $340,000 and a 24-hour trading volume exceeding $43,000. Similar to SATS being the smallest unit of Bitcoin, QUARK is the basic unit of matter, giving it some meme properties. From the perspective of participation, on the one hand, QUARK has a total supply of 500,000, which takes a long time to mine, allowing many people to participate and build consensus. On the other hand, compared to Electron and Neutron, QUARK mining difficulty is relatively low, and with recent multi-thread optimization, most people have the opportunity to experience the thrill of mining. Additionally, QUARK has a high initial market value, a large number of holding addresses, and a strong foundation consensus, leading some community members to believe that QUARK has the potential to become a meme coin that can break out in the Atomicals ecosystem.
Quantum, with a mining difficulty of 9, has a total supply of 229.32 million tokens. According to Atomical Market data at the time of writing, Quantum is priced at $0.001, with a market value exceeding $110,000 and a 24-hour trading volume exceeding $37,000. Currently, Quantum is open for Dmint in Atomic, with numbers 0000-9000 being free and numbers 9001-9999 requiring reading detailed tutorials and paying 1000 sat. However, considering the extremely high mining difficulty of Quantum, the secondary market is a good option.
Official Twitter: @realmname
Currently, Atomicals also has a token named “$realm” in the realm, but it is not the real Realm. So, what is “Realm” (Realm Name)? Simply put, it is like a unique label or address for you on the internet. Typically, the domain names we see online, such as “.com” or “.org,” are suffixes. But in the world of Realm, each person registers prefix text and has the power to set prices for all suffixes.
Now, imagine you have a Realm like “+abc.” In the world of Atomicals, this is not just a name; it is a gateway to infinite possibilities. With it, you can build communities, organizations, and even groups within the entire Bitcoin ecosystem. It can be applied to games, social networks, land, badges, and more.
Specifically, a Realm can be used as a payment address (like your personalized payment name) and can also be used to establish communities, perform identity verification, create social profiles, mark privileges, and distribute assets. It is like an integration of identity and digital assets without the limitations of traditional domain names, starting with a plus sign, such as “+username.”
So when you have a Realm, you not only have the pricing rights for all sub-realms but also become a “registry” for others to register sub-realms, thereby earning registration fees. This is a completely new thing that completely subverts our understanding of traditional domain names and can even become an alternative to the entire DNS system.
In summary, Realm is not just a domain name; it is a gateway and key to the online world, connecting various communities, organizations, and groups, bringing new expansion and applications to the entire Bitcoin ecosystem.
Currently, in the realm, consensus is best for purely alphabetical domains, followed by numerical domains, with 2-digit and 3-digit domains being the most valuable. Domains with a mixture of digits and letters are referred to as “3-zha” by the community. According to Atomical Market data at the time of writing, “3-zha” domains are around 25U, purely alphabetical domains are around 200U, and 2-digit domains are around 2000U.
Atomicals’ NFT minting method is called Dmint. This method is interesting as it heavily borrows from Bitcoin’s Proof-of-Work (PoW) mining method, called Bitwork. This update caused quite a stir in the Bitcoin community, leading to many people downloading and installing related environments, making the Atomicals GitHub code repository a popular topic, ranking high in the overall market.
So what exactly is Dmint, and why is it so well-received?
Simply put, Atomicals can issue not only tokens like BRC20 but also NFTs where all data is stored on the Bitcoin (BTC) blockchain. Moreover, its approach is different from Ordinals.
Dmint, this NFT minting method, is considered more fair and decentralized. When the creator of an NFT wants to issue a series of NFTs, they need to assign a number to each image (e.g., from 0000 to 9999). Then, the Atomicals protocol calculates the hash value of each image file and generates a separate JSON file for each image.
Next, the protocol uses the hash values of these images to calculate a proof using a so-called Merkle tree. This proof can be used to verify any NFT in this series.
The deployer of the NFT will send this proof, along with information such as the name, description, logo, and mining difficulty of the NFT, in a transaction and broadcast it to the Bitcoin network to complete the registration of this series.
In this way, during the registration process, the deployer only needs to send the proof of the NFT image, rather than the image itself, even if deploying 10 million NFTs at once, it will not cost too many sats (the smallest unit of Bitcoin).
Then, the NFT project will publicly release the images and JSON files for each NFT. After users choose their favorite NFTs, they send their own Bitcoin transactions to record the image data and JSON files on the Bitcoin blockchain, completing the minting (or claiming) of individual NFTs.
The hash values of these NFT images can be verified with the Merkle tree proofs in the registration transactions, thus completing the entire issuance and minting process of the NFT series.
On November 31, the Crocodile (atomtoothy), Capybaras (AtomCapybaras), and SCIENTISTS were the first projects to start Dmint as NFT projects, but due to SCIENTISTS having a lower total supply and higher cost, the consensus for Capybaras was not as high as the Crocodile.
Therefore, after nearly a month, TOOTHY the Crocodile has become the true leading NFT in Atomicals.
TOOTHY has a total supply of 10,000 and has reached a peak price of 2000U. It is also jokingly referred to as the “financial giant crocodile.” According to Atomical Market data at the time of writing, TOOTHY is priced at $1580, with a 24-hour trading volume exceeding $97,000.
SCIENTISTS has a total supply of 400. According to Atomical Market data at the time of writing, SCIENTISTS is priced at $1046, with a 24-hour trading volume exceeding $110.
FISHFACEMAN, launched on December 23, is the second NFT project to start Dmint. It has a total supply of 10,000, and the minting cost of GAS is approximately 50U. After being listed on the Atomical Market trading platform, it reached a peak price of 300U and is currently the second-leading project.
According to Atomical Market data at the time of writing, FISHFACEMAN is priced at $221, with a 24-hour trading volume exceeding $100,000.
Related Reports:
Overview of New Trends in the Bitcoin Ecosystem: Ordinals, Atomicals, bitVM, Lightning Network
Are Bitcoin Inscriptions Garbage? Rethinking the Essence of Blockchain
The Full Explosion of the Bitcoin Ecosystem: A Quick Understanding of ARC20 Thousand-fold Track, Lightning Network Hundred-fold Track
Tags:
ARC20
Atomicals
NFT
realm
TOOTHY
Bitcoin
Inscription