Bricks to Bitcoins: The New Bitcoin City
A fresh, innovative platform is taking Bitcoin’s application to new heights, extending it beyond mere trading and investments. This exciting platform is crafting games directly on the BTC blockchain, where players can earn payouts on their winnings and much more.
The newly launched Bitcoin City, unveiled just last week, provides a place for game enthusiasts to engage in casual games, board games, and strategic challenges, all of which run on BTC, both on web and mobile devices. Alongside this, the platform showcases NFT auctions and features its very own marketplace.
Source: https://twitter.com/punk3700/status/1686420363167805440
Previously, Bitcoin’s role in decentralized finance (DeFi) applications was primarily confined to tokenized versions of Bitcoin on other blockchains, such as Ethereum or Solana. However, the scene changed with the rollout of “Bitcoin Request for Comment” (BRC-20) standards earlier this year.
These new standards have empowered developers to issue tokens and develop DeFi applications directly on the Bitcoin network. As a result, there’s been a surge in the creation of digital artwork and even meme coins built on Bitcoin in the past few months.
@punk3700, a developer at New Bitcoin City, has a history of creating innovative solutions. Among his previous projects is Trustless Market, which is a fork of Uniswap on Bitcoin. He developed this during the excitement surrounding the Ordinals protocol to stimulate BRC-20 token activity on the blockchain. Shortly after its introduction, the protocol achieved daily trading volumes of $500,000 and drew more than 2,000 users. Additionally, liquidity providers on the network were able to earn a 2% share of all swaps conducted.
To address the well-known issue of slow transaction speeds in Bitcoin, the developers at New Bitcoin City constructed NOS, a layer 2 network. This network leverages an Ethereum Virtual Machine (EVM) over Bitcoin, enabling smart contract functionality akin to Ethereum, along with enhanced transaction speeds. EVMs serve as the software environment where all Ethereum accounts and smart contracts operate.
Innovations like these are what enthusiasts such as @punk3700 believe propel the ecosystem forward. He expressed, “It’s best when we can combine the best of both worlds, i.e. Ethereum and Bitcoin, together, rather than pitch Ethereum versus Bitcoin,” he stated.
What is BRC-20?
BRC-20 is a trial token standard enabling the creation and transfer of interchangeable tokens on the Bitcoin blockchain through a method known as the Ordinals protocol.
In order to produce BRC-20 tokens, a user must inscribe Bitcoin Ordinals with specific JSON text that outlines the characteristics of the token. This text also includes basic inscriptions, like a four-character symbol, a maximum supply constraint, a limit on tokens per minting, and functionalities for deploying, minting, and transferring the tokens.
What are Bitcoin Ordinals?
Bitcoin Ordinals refer to the essential components of Bitcoin, known as satoshis or sats, that have been created and combined with distinct information. This integration allows the satoshis to acquire a unique identity, equating them to a basic non-fungible token (NFT), and thus rendering them individual and unique.
What is NOS?
NOS represents a cutting-edge Layer 2 blockchain solution for Bitcoin, renowned for its exceptional speed, robust stability, and scalability, ensuring enhanced performance and functionality.
Trustless Computer enables smart contracts on Bitcoin, allowing the creation of various applications like DEX, DAO, tokens, and data storage. However, Bitcoin’s 10-minute block time hampers these efforts by slowing down transactions. NOS, or “Nitrous Oxide,” aims to solve this problem by significantly speeding up Bitcoin transactions without losing decentralization or security.
In an age where innovation meets opportunity, the launch of New Bitcoin City and the development of the BRC-20 standards and Bitcoin Ordinals signify a thrilling new chapter in Bitcoin’s story. Merging creativity with technology, these advancements are not just redefining how we see Bitcoin but forging a path for a more vibrant and inclusive cryptocurrency landscape.
The future is bright, and it’s being written in the language of BTC and Bitcoin Ordinals!
About Gamestarter
Gamestarter is a complete gaming ecosystem that brings a new standard for blockchain gaming by building a multichain launchpad & NFT marketplace.
Gamestarter also has an in-house game studio focused on building high-quality blockchain games (Gamestarter Originals) like Dark Frontiers & Pixel Pix. Gamestarter Accelerator acts as an investor and advisor to promising games.
Gamestarter adds liquidity, player-ownership, and new funding resourcesto the largest entertainment industry in the world.
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