Atomics Chain: A Complete Guide to What You Need to Know About ARC20 Chains

With the vigorous development of the Bitcoin ecosystem, more opportunities are emerging. Compared with the bustling Ordinals ecosystem, ARC20, which is closer to Bitcoin fundamentalism, still has huge potential that has not yet been tapped. So what exactly is this ARC20 chain? The ARC20 protocol is a simple and flexible protocol, a way to organize the creation, transfer and update of digital objects. It is essentially a chain of digital ownership defined according to some simple rules and is designed for unspent transaction outputs such as Bitcoin. Blockchain casts, transmits and updates digital objects. Next, the editor will give you a comprehensive introduction to the Atomics chain.

What chain is ARC20?

ARC20 chain is a standard for implementing token API through smart contracts on Alaya. It provides interfaces for token transfers, querying token balances and the total supply of tokens available on the network, and is fully compatible with ERC-20.

At the core of ARC20 is a key set of simple rules for minting, transferring, and updating operations. Its grand vision is to establish and secure the Bitcoin blockchain as a source of truth and digital sovereignty. ARC20 is designed to work in harmony with other protocols such as Nostr, Ordinals, etc.

The ARC20 protocol is a standard that defines redeemable fungible tokens. Each token of a homogeneous token has the same type and value. The agreement stipulates the definition of functions and events of the contract. All contracts that meet this standard are considered ARC20 contracts.

Comprehensive introduction to the ARC20 chain

The emergence of Atomicals marks the rapid development of the BitInscription ecology and can be said to be the first climax of ARC20. Compared with the BRC20 inscription track, this surge is just the beginning, and further accumulation is needed in the future to achieve better development.

Since ARC20 can be used in a wide range of scenarios, we hope that the project team can continue to develop it and not stagnate due to the skyrocketing price. At present, the market attention is mainly concentrated in the hype stage, and other projects have relatively low attention. Only when the domain project Realm starts to apply and develop new gameplay will it be possible for this project to go further.

Atom coin is the first token in the ecosystem, with a total of 21,000 coins, each worth 1,000 coins. From the release of 1U to the current price of nearly 1,000U, it has created a thousand-fold myth. Players who participated early benefited, and the community was quite united.

In addition to the tokens mentioned above, there are also some other tokens such as pepe, realm, and icals. Pepe is the second token to be completely played, but the atmosphere outside the field is average. Realm tokens are related to domain concepts and are currently performing well in the Longer market. The field is also a relatively innovative field, so it is also favored as a development direction.

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