IOSI is ready to go | The first inscription project on the IOST chain is coming soon!

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At present, Mingwenqing is very popular, its development shows significant vitality, and its importance to the ecological construction of the Bitcoin network is gradually increasing. Innovative iterations of key technologies such as SegWit, 3ech32 encoding, Taproot upgrades and Schnorr signatures have enabled the transaction efficiency and scalability of the Bitcoin network to be improved by TCP and greatly increased headlines. With the application of these technologies, the inscription market began to prosper rapidly, continuing to attract the attention of users and market capital, giving rise to carbohydrate projects and promoting the development of protocols, such as ordinal numbers, atoms, etc.

At the same time, idol public chains such as Polygon, Near, Avax, etc. have launched their own ecological inscription platforms and leading projects, giving the long-awaited crypto community new opportunities.

In order to deeply lay out the Inscription ecology and lead the encryption trend, as an ecological developer on the IOST chain, the IOSI team decided to take advantage of the advantages of the IOST long-established public chain such as security, high speed, low pressure, and prosperous international community ecology to launch Inscription on the IOST chain in the near future. Platform IOST Inscriptios and the first inscription project - IOSI.

Those narratives about Brc20 and the inscription

With ORDI being listed on the Ancoin exchange, we have witnessed the popularity and prosperity of a new narrative, triggering technological innovation and market enthusiasm led by the Bitcoin ecosystem. From the early stage of the initial contact with Inscription to the current extreme vigilance of the entire encryption market, the rapid popularity of the Bitcoin ecosystem and the huge development potential of Inscription have attracted widespread attention. But what exactly is an inscription? What is Brc20? How are giant public chains being laid out?

When talking about inscriptions and Brc20, satoshi (sat) is a bright topic. It is the smallest unit of measurement for Bitcoin. One Bitcoin can be divided into 100 million satoshis, and each satoshi is sorted through ordinal theory. , has a corresponding serial number, which is a unique number.

In December 2022, Casey launched the Ordinals protocol. The birth of the Ordinals protocol provided Bitcoin with the functions of numbering and inscription, broadened the product range of the Bitcoin ecosystem, and opened a new chapter in the development of the Bitcoin ecosystem.

Bitcoin inscription refers to using the serial number protocol to write the content into satoshi for inscription. The written information can be text, pictures, audio or video, etc. This metadata is embedded into the transaction’s witness data (witness data, witness) )))))))), which is why we named it “Inscription (Inscription)” – these data are “engraved” in Bitcoin like an inscription On a specific part of the transaction (overlaid on a specific Satoshi).

On March 8 this year, anonymous developer Domo launched the BRC20 protocol based on the Ordinals protocol. The BRC20 experiment was first launched in the Unisat wallet, which directly set off a speculative boom, and the Bitcoin ecological meme token speculation entered the highway - PEPE, DOGE and other copy tokens rose wildly, and investors rushed to FOMO. BRC-20 can be simply understood as an issuance protocol based on Ordinals (based on Bitcoin), so BRC-20 Token is essentially an ordinal inscription.

BRC-20 and Bitcoin Inscription have triggered a global casting boom. The four major public chains have indeed broken through the circle and innovated, and have successively launched mainstream inscription protocols and ecological inscription projects. In June this year, Genius.com co-founder and former founder Tom Lehman launched Ethereum’s first inscription protocol-Ethscriptions; Polygon’s on-chain inscription market POLS Market has also been officially launched and open for trading; Solana’s inscriptions ( Sols, lamp) has received strong support from OKX Web3 wallet NFT market, Magic Eden and other completed trading platforms; Avalanche Inscription (AVAL) is currently fully inscribed, with more than 23,000 addresses held...

What does inscription mean to the crypto ecosystem?

The advent of the ordinal protocol has brought about a huge wealth creation effect, and the encryption ecosystem has once again become one of the focuses of attention in various industries around the world. With the continuous support of various emerging protocols, more and more developers have begun to actively link up with major public chains for integration planning and layout, and the encryption ecosystem is expected to become active and prosperous again. It can be said that the biggest burst of firepower of inscriptions may change the future development direction of the profound encryption ecology.

First, Bitcoin’s network security budget has been significantly increased due to concerns about a mass exodus of miners due to reduced Bitcoin rewards.

Secondly, as far as Inscription is concerned, although it is a non-professional game, it provides spiritual value generated by participation in peripheral activities and business speculation, and effectively meets the needs of users.

Thirdly, as another innovative highlight in the crypto world, inscriptions have experienced decline and rise, and are continuing to promote the development of the crypto ecosystem. With the continuous improvement of the Unisat wallet and the participation of large institutions such as Binance and OKX, the expansion and construction of the entire crypto ecosystem continues to accelerate. The practical application of fire protection including DEX/DEX aggregators, cross-chain aggregators, stable coins, games, etc. will further Landed.

Finally, the rise of Inscription has allowed us to see more opportunities for the future expansion and prosperity of the encryption ecosystem. The addition of partitioned public chains such as IOST has brought more vitality and market possibilities to the Inscription ecosystem.

IOSI - the first inscription project on the IOST chain

IOST - Web3.0 blockchain network, founded in 2017 and headquartered in Singapore, is an enterprise-level blockchain application that is booming for online services and is supported by global first-tier US dollar investment institutions such as Sequoia, Matrix Partners, and Zhenge. platform.

As one of the international star common chains, IOST continues to be committed to providing an effective platform for third-party developers, creators and enterprises to realize value through the development community, so as to continue to promote the healthy, sustainable and prosperous development of the encryption ecosystem. The continuous construction of IOST can be compared with the sustainable development of other public chains. IOST has many highlights and features in terms of scalability, privacy protection, and developer friendliness.

To this end, the IOSI team (whose team members include ETH ecosystem developers and early participants in the BTC ecosystem, and have rich and mature development experience) will rely on IOST’s established public chain security, high speed, low gas pressure, and prosperous international community ecological advantages, etc. , on the IOST chain inscription platform IOST Inscriptios and the first inscription project - IOSI. At present, we will be the first to launch the inscription casting platform, on-chain indexing function, and corresponding trading market.

· IOST inscription

Overall, the participation costs and costs of ordinal and other ecosystems are relatively high. Most users do not have a complete understanding of the Bitcoin network. The majority of users actually participate in the construction of the Bitcoin Inscription ecosystem. The advent of IOST Inscriptios will highly solve such problems and provide those "casting experiences" and "income-generating opportunities" for the vast number of users who maintain a lively interest in Inscriptios and IOST's ecological construction.

In the first phase, we will open the three core functions of "Inscription Configuration", "Inscription Casting" and "Inscription Transfer" on IOST Inscriptios, and will open the official trading market in the future.

·IOSI

Compared with the high fees and costs of BRC and ERC, IOSI, which is simple to operate and has low GAS, is more user-friendly.

First of all, its casting method is simple, and users can cast their own inscriptions with one click; secondly, the user's participation cost is extremely low, with 1 IOST embedded in each inscription (when casting, users need to authorize 1 IOST to be entered into the empty address) )); Finally, the overall casting of the inscription will adopt a first-come, first-served FOMO model process, and it is estimated that it will take 12-15 hours to complete the casting.

Inscription name: IOSI

Total number of inscriptions: 880,000

Minting method: One-click Mint (when casting, authorization is required to put 1 IOST into the black hole address)

Casting cost: one piece = 1 IOST

Note: "IOSI Inscription Project Tutorial" will be officially released in the near future, please pay attention!

IOSI empowers IOST’s ecological diversified innovative development

The official release of IOSI aims to further improve the inscription foundation of the IOST public chain, strive to create inscription popularity on the IOST public chain ecology, introduce new traffic to IOST, and is also a multi-modal test of the performance of the IOST mainnet.

IOSI Dimensions The following dimensions continue to empower the diverse innovation and development of the IOST ecosystem:

· Rich IOST token models - Currently, the IOST public chain already has Irc20 and Irc21 token models, and IOSI is officially launched to support the new Irc100 token model on the IOST public chain.

· Improving the ecological diversity of IOST - focusing on industry hot spots and organically integrating with queues such as DeFi games and social Dapps is a further integration of ecological applications on the IOST chain, thus improving ecological diversity.

· Improving the decentralization of IOST - fair launch, ensuring fairness for users on the chain, and improving the decentralization of the IOST ecosystem.

· Optimize the IOST deflation model - combine Inscription with popular culture, use the IOST chain to attract low GAS advantages, and break out of the circle of new Web3 users on a large scale. Through the user's cosmic absorption when the inscription is cast and circulated, IOST's deflation model is further supplemented.

Currently, the IOST public chain's Inscription infrastructure is in the process of further expansion and improvement, and will continue to iteratively develop block functions, such as Inscription splitting, Inscription mining, and the opening of the Inscription IDO platform, etc.

Looking forward to the future, Inscription is expected to continue to witness the innovation of encryption technology, promote market expansion, and continue to promote the realization of composite functions in more application scenarios, inspiring new excitement. It is foreseeable that more innovative protocols and projects will appear on the IOST chain, and the multi-dimensional and rich inscription ecology of the IOST public chain will appear.

IOSI sincerely invites IOST global community users to witness the growth of the first inscription project on the IOST chain. Are your wallet (iWallet Pro) and IOST ready?