“Technology Halal” Atomicals Community in the Bitcoin Ecosystem: What “Astronomy and Physics” Assets Can Be Lurked? 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
In exploring the grand and mysterious digital domain of the Bitcoin ecosystem, Ordinals and Atomicals shape and maintain the new developments in this ecosystem in different ways.
Atomicals primarily focuses on establishing and managing complex token systems on the Bitcoin network, while Ordinals focuses on 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 open on December 28th and services for ARC20 assets provided on December 30th.
This is not only a new chapter in the digital realm of Bitcoin but also indicates that major 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 to integrate the creation, transmission, and updating of digital objects—it is essentially a digital ownership chain defined by some simple rules. The idea of Atomicals is: No transaction history, not your digital object.
To help more users quickly get 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 Script Browser
5. Atomical Market Trading Platform
6. Wizz Cash Wallet Dashboard and Asset Transfer Tool Board
7. Mempool Bitcoin Block Query
8. Comparison of Atomicals and Ordinals Data
9. Atomicals Data
BRC20 tokens in Atomicals often have zoo elements, while Atomicals tokens are more like their name, exploring the mysteries of the universe and astrophysics.
Currently, the Atomicals code repository is ranked sixth on the monthly trend list on GitHub. Joining the Atomicals community chat, you will encounter a technical culture of deploying Bitcoin full nodes, deployment environments, and code sharing, filled with many scientists. If someone says Ordinals is like BAYC, then from this perspective, Atomicals is more like Punk.
Unlike the Atom token issued by the Cosmos project, the first ecosystem token of Atomicals, $Atom, has a total supply of 21,000, with 1,000 coins per unit. Atom has become a rare 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, the price of Atom is $14.5, with a market capitalization of over $280 million and a 24-hour trading volume of over $1.71 million.
AVM, with a total supply of 21 million tokens, played the role of Dragon II for a long time before the emergence of tokens like Electron and Neutron. According to Atomical Market data at the time of writing, the price of AVM is $0.284, with a market capitalization of over $5.7 million and a 24-hour trading volume of over $710,000.
Electron, with a mining difficulty of 7, is an ARC20 token created on November 19th, with a total supply of 18,400, and 54,600 tokens per unit. According to official tweet messages, Electron mining takes up to half a month. According to Atomical Market data at the time of writing, the price of Electron is $0.008, with a market capitalization of over $7.6 million and a 24-hour trading volume of over $110,000.
Neutron, with a mining difficulty of 8, has a total supply of 21,000, with 100,000 tokens per unit. According to Atomical Market data at the time of writing, the price of Neutron is $0.002, with a market capitalization of over $3.9 million and a 24-hour trading volume of over $300,000. Neutron’s feature is “Empowered Bitcoin,” which is built on the foundation of 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, improving the mining speed optimization of ARC20 code by 10 times.
In addition, Empowered Bitcoin emphasizes inclusiveness 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 it easier for a wider range of participants to mine, breaking the dominance of large-scale mining operations. This approach democratizes the mining process, allowing for a fairer distribution of rewards and opportunities within the community.
QUARK, with a mining difficulty of 6, is still under minting. It has a total supply of 500,000, with 20,000 coins per unit. Currently, the cost of minting one QUARK is approximately 25u. According to Atomical Market data at the time of writing, the price of QUARK is $0.001, with a market capitalization of over $340,000 and a 24-hour trading volume of over $43,000. Similar to SATS, which is the smallest unit of Bitcoin, QUARK, being the basic unit of matter, possesses meme attributes to some extent. 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 has a relatively simple mining difficulty, and coupled with recent multi-thread optimization, it gives more people the opportunity to experience the joy of mining.
Furthermore, QUARK has a high initial market value, many holding addresses, and a strong underlying consensus. Therefore, some community members believe that QUARK has the potential to become a meme coin that can stand 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, the price of Quantum is $0.001, with a market capitalization of over $110,000 and a 24-hour trading volume of over $37,000. Currently, Quantum is opening Dmint in Atomic, with numbers from 0000 to 9000 being free, and numbers from 9001 to 9999 requiring reading detailed tutorials and paying 1000 sat. But considering the extremely high mining difficulty of Quantum, the secondary market is a good choice.
Official Twitter: @realmname
Currently, Atomicals also has a token called “$realm,” but it is not the true Realm. So, what is “Realm Name”? In simple terms, it is like a unique label or address for you on the internet. Usually, the domain names we see online, such as “.com” or “.org,” are suffixes. But in the world of Realm, every individual registers prefixes as text and has the power to set prices for all suffixes.
Now, imagine you own a Realm like “+abc.” In the world of Atomicals, this is not just a name; it is a gateway to infinite possibilities. You can use it to create communities, organizations, and even groups in the entire Bitcoin ecosystem. It can be applied to games, social networks, land, badges, and more.
Specifically, Realm can be used as a payment address (like your personalized payment name) and can also be used to create communities, perform identity verification, establish social profiles, mark privileges, and even distribute assets. It is like a combination 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 power for all sub-domains but also become a “registry” for others to register sub-domains, earning registration fees. This is something entirely new that completely subverts our understanding of traditional domain names and can even be an alternative to the entire DNS system.
In conclusion, Realm is not just a domain name; it is a door 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 domain, purely alphabetical names have the best consensus, followed by digits, with 2-digit and 3-digit numbers being the most valuable. Those with a mixture of digits and letters are referred to as “3 miscellaneous” by the community. According to Atomical Market data at the time of writing, the floor price of “3 miscellaneous” is around 25U; “3 pure alphabetical” is around 200U; and “2 miscellaneous” is 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 approach and is named Bitwork. This update has caused quite a stir in the Bitcoin community, leading many people to download and install related environments, making the Atomicals GitHub code repository a popular topic, ranking high on the overall market.
So what exactly is Dmint, and why is it receiving so much attention?
In simple terms, Atomicals can not only issue tokens like BRC20 but also create NFTs where all data is stored on the Bitcoin (BTC) blockchain. Moreover, its approach is different from Ordinals.
Dmint, as an 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), and 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 these hash values of the images to calculate a proof through a so-called Merkel tree. This proof can be used to verify any NFT in this series.
The deployer of the NFT will send this proof along with the NFT’s name, description, logo, mining difficulty, and other information in a transaction and broadcast it to the Bitcoin network to complete the registration of this series.
In this way, the deployer only needs to send the proof of the NFT image during the registration process, rather than the actual image itself. Even if 10 million NFTs are deployed 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 of each NFT. After users select their favorite NFT, they will send a Bitcoin transaction to record the image data and JSON file on the Bitcoin blockchain, completing the minting (or claiming) of a single NFT.
These hash values of the NFT images can be cross-verified with the Merkel tree proof in the registration transaction, thus completing the entire issuance and minting process of the NFT series.
On November 31st, the TOOTHY the Crocodile, AtomCapybaras, and SCIENTISTS projects were the first batch to start Dmint for NFTs, but SCIENTISTS has a smaller total supply and higher cost, while the consensus for AtomCapybaras is not as high as TOOTHY the Crocodile.
Therefore, after nearly a month, TOOTHY the Crocodile has become the undisputed leader NFT in Atomicals.
TOOTHY has a total supply of 10,000 and has reached a high price of 2000U, earning the nickname “Financial Giant Crocodile.” According to Atomical Market data at the time of writing, the price of TOOTHY is $1580, with a 24-hour trading volume of over $97,000.
SCIENTISTS has a total supply of 400. According to Atomical Market data at the time of writing, the price of SCIENTISTS is $1046, with a 24-hour trading volume of over $110.
FISHFACEMAN, opened Dmint on December 23rd, with a total supply of 10,000. The minting cost for GAS was about 50U, and after being listed on the Atomical Market trading platform, it reached a high price of 300U, becoming the current second-leading project.
According to Atomical Market data at the time of writing, the price of FISHFACEMAN is $221, with a 24-hour trading volume of over $100,000.
Related Reports:
Overview of New Trends in the Bitcoin Ecosystem: Ordinals, Atomicals, bitVM, Lightning Network
Are Bitcoin NFTs Worthless? Rethinking the Essence of Blockchain
Explosive Growth in the Bitcoin Ecosystem: A Quick Look at ARC20 and Lightning Network