Bitcoin (105)

The Bitcoin testnet is a testing environment for developers to explore Bitcoin's potential without using real funds. It replicates the mainnet's functionality within a controlled setting, enabling users to safely experiment with transactions, wallets, and new features.

Have you ever questioned what else the Bitcoin blockchain can provide besides a digital currency and ordinals ? ARC-20 introduces a fungible token standard to the Bitcoin blockchain, using satoshis — the smallest units of Bitcoin — as the backbone for token representation. This means each ARC-20 token is inherently backed by a satoshi, making sure a baseline value and integrating seamlessly with existing Bitcoin infrastructure.

The Bitcoin Improvement Proposal (BIP), introduced in 2011, allows the Bitcoin community to suggest, discuss, and implement changes to Bitcoin's protocol. Anyone can start a BIP by drafting a detailed proposal, which the community reviews. If the proposal is considered valuable, it's formally submitted for approval.

Onchain Weekly #4 Discover the latest product updates, stories, and innovations from the OKX Wallet team. This week, the best Bitcoin wallet? Plus Dark Mode and McLaren collectibles. 1. Runes, ordinals, rare sats and inscriptions

From being a flight to quality to legalizing Bitcoin use in Argentina , Bitcoin is kicking up a storm in the crypto market and showing no signs of slowing down since its bottom in January 2023 after the FTX crash. With a spot Bitcoin exchange-traded fund (ETF) approval on the horizon, many believe that Bitcoin is en route to an all-time high as interest from traditional finance (TradFi) traders and institutions could propel BTC prices upwards.

Onchain Weekly, first edition Welcome to Onchain Weekly. This is a new series, that every week invites you behind-the-scenes with the Wallet team. It's a sneak peek into what we're building, and why we're building it.

A global meetup series to bring together pioneers, builders, artists and creators from the Ordinals world We're teaming up with Ordzaar and other community partners from the Bitcoin ecosystem to take on a World Tour, spanning Asia, Europe and the US. It's a chance to connect and build deeper relationships in real life, and for artists and builders from other ecosystems to learn more about Ordinals. Most of all, it's going to be a whole lot of fun.

Imagine this: you've held onto Bitcoin for a while, witnessing its impressive growth. Now, an unexpected expense pops up. While traditionally, you might sell some BTC to cover the cost, an alternative you may want to consider is crypto collateral loans. This allows you to enjoy the best of both worlds as you HODL your BTC while enjoying additional liquidity for expenses when you borrow against crypto holdings.

The ordinals protocol has gained popularity in the crypto space, with some seeing it as a way to create new protocols and BRC-20 tokens on the Bitcoin blockchain. Ordinals are also known as BTC NFTs and are considered digital artifacts. Once you mint your digital artifact, you can keep it in your wallet or sell it on a marketplace, similar to NFTs. You can learn more about their rarity in our .

The Runes protocol , a new fungible token standard for Bitcoin, arrived in 2024 with plenty of excitement and activity as users rushed to etch new tokens. Among them, Runecoin (RSIC•GENESIS•RUNE) has been a stand-out token built with the new protocol on Bitcoin's blockchain. In short, Runecoin makes and easier to use and more fun to experiment with, helping users to produce and manage digital assets.

Now that the 2024 Bitcoin halving is complete, many in the crypto community are looking at new ways to use their Bitcoin. One option in the spotlight is staking. Because Bitcoin uses the Proof of Work technique, it doesn't support staking directly. However, the community has come up with creative ways to navigate this limitation and enable Bitcoin staking.

ORDI is a new kind of token built on the Bitcoin blockchain. It uses a technology called ordinals to store data directly on Bitcoin's smallest units, called satoshis. This opens up new possibilities for creating and managing digital assets on Bitcoin.

Introduction With the anticipation of the Bitcoin Halving , all eyes are on the creator of ordinals , Casey Rodarmor, who has announced that the Runes protocol will launch at the same time. Will the protocol live up to its potential and make up for what BRC-20 allegedly lacks?

Have you heard of the Runes Protocol? It's a unique addition to the Bitcoin environment, providing a fresh perspective on fungible tokens compared to protocols like BRC-20 and Taproot Assets. What makes it so different? Unlike other token standards, the UTXO-structured system incorporated into the Bitcoin network has an added focus on user-friendliness.

Singapore, January 23, 2024 -- OKX Ventures , the investment arm of leading Web3 technology company OKX , today published its ' 2024 Bitcoin Outlook ' report. The report forecasts a pivotal role for Bitcoin's Ordinals in 2024, based on the remarkable growth of OKX Wallet's total Ordinals trading volume in 2023, which exceeded USD1 billion across over 120,322 unique addresses for the year. 

The Tap Protocol is an exciting addition to the Bitcoin DeFi space. It introduces the TAP token standard to improve digital asset management, creation, and transfer. By using the Ordinals system, the Tap Protocol aims to enhance the Bitcoin ecosystem's capabilities by providing a more accessible and decentralized platform for handling various assets.

Authored by Kiwi Yao, researcher at OKX Ventures and edited by Kelvin Lam, CFA The path to a thriving Bitcoin Ecosystem in 2024 through technological innovations Executive summary OKX Ventures has published its 2024 outlook for the Bitcoin Ecosystem — an area that OKX Ventures is heavily involved in and committed to building in the future.

The importance and responsibility of owning your cryptocurrency shouldn't be underestimated. It's like being your own bank. And holding your keys isn't just a technicality — it's a fundamental aspect of true asset control.

Since 2009, Bitcoin has become one of the most coveted assets worldwide, with a market cap soaring beyond $1 trillion at its peak. Many believe Bitcoin has the potential to completely change the financial landscape. It offers an alternative to traditional credit card systems, lowers remittance costs, and brings us closer to financial inclusion where the unbanked aren't left behind.

Crypto users who want to be able to access the price stability of the U.S dollar (USD) can get it either through: - __Direct banking access__, by depositing and withdrawing traditional currency - __In

Crypto moves at "lightning" speed, and there's been lots of momentum behind new token standards and protocols recently. Some have hailed them as significant innovations, while others have dismissed th

## BRC-20 and Bitcoin staking are coming to OKX Web3 Earn BRC-20 rapidly gained momentum within the Bitcoin community when it landed on March 8, 2023. A fungible token standard made specifically for t

OKX offers a wide range of digital assets for trading and storage, including BRC-20 tokens. Depositing and withdrawing BRC-20 tokens on OKX is a straightforward process, and every step of the way, the

Have you ever wondered how Bitcoin, designed initially as a digital currency , is evolving with new technologies? One example is BitVM, short for Bitcoin Virtual Machine — a computational engine introduced by Robert Linus.