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<ul>
 <li>The Bitcoin ecosystem has witnessed a remarkable revival, surpassing a market value of over $4 billion shortly after the invention of BRC-20 tokens in January.</li>
 <li>BRC-20 tokens, invented by Bitcoin developer Casey Rodarmor in January, gained popularity as one of the most significant technological advancements on a 15-year blockchain.</li>
 <li>Bitcoin Ordinals, a numbering system assigning a unique number to each satoshi, which is one hundred millionth of a Bitcoin, enabling tracking and transfer.</li>
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<p><strong>The Bitcoin ecosystem is coming back to life with the creation of BRC-20 memecoins and new protocols: The demand for minting is steadily increasing!</strong></p>
<h2 id="strong-revitalization-with-innovations-in-the-bitcoin-ecosystem-strong"><strong>Revitalization with Innovations in the Bitcoin Ecosystem</strong></h2>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-126553" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="bitcoin-btc" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?w=1920&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?resize=1536%2C864&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-54-1.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>The Bitcoin ecosystem has experienced a remarkable revival, surpassing a market value of over $4 billion shortly after the invention of BRC-20 tokens in January. According to a research report dated December 15th, as seen by COINOTAG, the gains made by Bitcoin miners from on-chain fees increased from 1.7% in August to 19.57% in November.</p>
<p>Meanwhile, daily mining revenue from block rewards surpassed $40 million in November. The digital asset named after the BRC-20 tokens, Bitcoin, has gained 161% in value since the beginning of the year. BRC-20 tokens, invented by Bitcoin developer Casey Rodarmor in January, gained popularity as one of the most significant technological advancements on a 15-year blockchain.</p>
<p>Bitcoin Ordinals, a numbering system assigning a unique number to each satoshi, which is one hundred millionth of a Bitcoin, enabling tracking and transfer. When combined with a write transaction that adds a data layer to each satoshi, users can create unique digital assets on the Bitcoin blockchain.</p>
<p>The market value of Ordinals (ORDI), the first memecoin created via the BRC-20 standard, is currently $1.34 billion. Meanwhile, attention has been drawn to the emergence of other Bitcoin token standards, such as Atomicals Protocol’s ARC-20:</p>
<p>“Unlike Ordinals, which relies on third-party listers to regulate asset operations, the Atomicals protocol’s ARC-20 standard utilizes the smallest unit of Bitcoin, the satoshi, to issue assets. This allows Atomicals assets to track a complete transfer history without relying on any third-party listers.”</p>
<h2 id="strong-despite-transaction-fees-demand-remains-high-strong"><strong>Despite transaction fees, demand remains high!</strong></h2>
<p>Currently, the Atomical Protocol includes ARC-20 tokens, non-fungible tokens, Bitcoin domain names known as “realms,” and on-chain data objects known as “Collection Containers.” Researchers stated, “By this date, a total of 366,879 mints costing 55.8 BTC in total have been made on the Atomicals Protocol. The total mint count in this protocol constitutes 2.69% of the total mints in Ordinals.”</p>
<p>Despite high transaction fees, there is a strong community demand for minting BRC-20 tokens. Researchers mentioned that using the example of the SATS memecoin, SATS was fully minted on September 24th, with 21,107,258 mints and 36,061 owners in an environment where gas fees exceeded $15 million. Researchers forecasted, “Second-layer solutions like the Lightning Network will be the biggest technical foundation supporting the broader adoption of Bitcoin payments” for 2024 predictions.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/the-bitcoin-ecosystem-is-revitalized-with-memecoins-and-new-protocols/">The Bitcoin Ecosystem is Revitalized with Memecoins and New Protocols!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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The Bitcoin Ecosystem is Revitalized with Memecoins and New Protocols!

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