Introduction to Atomic Protocol
Atomic Protocol is a simple and flexible protocol that can be used to implement the minting, transfer and update of digital objects on a blockchain based on the UTxO model similar to Bitcoin.
What is Atomic Protocol?
The core of Atomic Protocol is to directly link digital assets (such as NFTs, tokens, etc.) with Bitcoin’s UTXO (unspent transaction output). In this way, these digital assets become part of the Bitcoin network, thus inheriting Bitcoin’s security, decentralization and immutability.
Advantages of Atomic Protocol
Bitcoin native: built directly on the Bitcoin network without the need for additional infrastructure.
Security: Inherits Bitcoin’s security and is highly tamper-proof.
Flexibility: Can be used to create various types of digital assets, including NFTs, tokens, etc.
Scalability: Can be integrated with other Bitcoin protocols or tools.
How Atomic Protocol works
Minting: Create a new digital object by including specific data in a Bitcoin transaction. This data contains the properties of the digital object, such as name, description, picture, etc.
Transfer: Transfer the ownership of a digital object to another address. When transferring, the identification information of the original digital object needs to be provided.
Update: Digital objects can be updated, such as modifying their metadata.
Application scenarios of the atomic protocol
NFT: Create and trade digital artworks, game items, etc.
Tokens: Issue custom tokens for community governance, rewards, etc.
Domain name system: Implement the domain name system on the Bitcoin network.
Digital identity: Create a verifiable digital identity.
Comparison of the atomic protocol with other protocols
BRC-20: BRC-20 is another protocol for creating tokens on Bitcoin, which has similarities with the atomic protocol, but also differences. The atomic protocol is more flexible and can be used to create more complex digital objects.
Ordinals: Ordinals is an innovation on Bitcoin that allows users to store data on a single satoshi. The atomic protocol can be seen as an application of Ordinals for creating digital assets.
Summary
The atomic protocol brings new possibilities to Bitcoin, making Bitcoin not only a digital currency, but also a rich digital asset platform. Through the atomic protocol, we can create a variety of digital assets and expand the application scenarios of Bitcoin.
Learn more
Official Documentation: https://atomicals.3p-labs.com/
Community: Search for “Atomicals Protocol” on social media and forums to find more discussion and information.
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