Meme, as its definition "has rapid transmission", is rapidly spreading across sectors of crypto ecology: from celebrity effect, the US election to the truth end, zoo meetings, every day (or no sleep), a new day of Meme narrative.
With BTC breaking the $10 0,000 historical mark, Changniu's enthusiasm is once again ignited, and people have begun to notice that when everything is Meme, Bitcoin Meme seems to be a corner of attention.
Some may say that most owners of Bitcoin still seem to stay in the Hold, but the unprecedented "national inscription" in 2023 has shown us the enthusiasm of the community to participate in the Bitcoin ecosystem.
Or say that Bitcoin's scalability limits and does not support smart contracts, how can it support Meme's asset issuance and high-frequency PvP? Such doubts are obviously a little outdated. As the main theme of Bitcoin ecology in this cycle, a large number of projects aiming to realize the native programmable ability of Bitcoin have emerged. The emergence of Bbabylon brings pledge narrative, CKB steadily brings expansiability, and Bitcoin already has the possibility of supporting more complex ecology.
So, Bitcoin Meme is really the next battlefield for attention under these preconditions?
From the market situation, the currency ecological core builders have been: in addition to Merlin Chain shout become "currency Mime core power" slogan, CKB as closely watched currency protocol, is the RGB + + concept, its ecological Mime, launch platform CKB. FI launch also makes more people for the currency Mime future trend have high expectations.
This paper aims to get into the essence of the Meme pandemic and compare these essential factors with the Bitcoin ecosystem, exploring the key role of bitcoin Mime, prospects and RGB + + in promoting Meme to become the entrance of the Bitcoin ecosystem traffic.
Grasp the essence of the question: why the Meme narrative thrive?
According to CoinGecko data, the market value of Meme track has exceeded $130 billion. Taking Solana Ecological Meme, Pump. [] fun as an example. In the eight months since its official launch, the total number of Pump. [] fun has exceeded 4 million, and the cumulative fee income has exceeded $3 [] 6.8 billion.
Meme real fire, no need for more language description. But there is no upsurge of 100 billion market value from accident, behind the Meme heat, the topic is worth exploring: when we play Meme, what is our enthusiasm ignited?
In essence, Meme is an asset class, but unlike other assets, the Web2 Internet culture and the Web3 decentralized rebellious spirit of Meme create its unique attractive attributes:
Cultural attributes: a novel narrative that catches attention
Appeal is the core of Meme, but Meme appeal does not come from the grand narrative, it is more like most of the bottom of the black humor film, by playing "stem", self-mockery, irony, such as funny, interesting and easy to digest expression tendencies, accurate capture attention, and can further stimulate the user's emotional resonance.
Transmission attributes: viral spread based on community and social media
Meme's highly symbolic content form itself gives it a prominent communication advantage, and Meme, which takes rooted in the community, also benefits from the spontaneous publicity of the strong community, enabling Meme to further sweep the world at a viral speed. Compared with traditional assets, Meme is community-driven, and this decentralized transmission mode is both efficient and highly permeable.
Fair attribute: the perfect embodiment of the decentralized spirit
Block chain of the birth comes from the centralized financial resistance for institutional control, and in VC Token again disappoint secondary market investors this cycle, the issue of Meme and circulation completely depends on the community consensus, the decentralized features make Meme more in line with the spirit of Web3 digital assets, is also seen as a community against the VC.
Transaction attributes: exciting PvP battlefield, risk and opportunity coexist
Meme's high volatility, while at risk, also provides huge potential earnings opportunities for investors. In the exciting PvP battlefield, the test is the trader's keen market insight and decisive trading decisions, and in the rich myth, countless people imagine that they are the next story of getting rich.
By sorting out the core attributes of Meme, the advantages of cultural appeal, viral transmission, decentralization and huge potential benefits behind the Meme boom emerge accordingly, and clarifying the underlying logic of Meme exit provides a clearer demonstration framework for us to dismantle the advantages of Bitcoin Meme and explore the potential of Bitcoin Meme.
Attention Focus: Why should you focus on Bitcoin Meme?
In terms of cultural heritage, no crypto ecosystem would dare to compete with Bitcoin.
As the founder of crypto, Bitcoin is like the Jerusalem of the crypto world. It symbolizes decentralization, freedom and challenges to the traditional financial system. It is a symbol of decentralized beliefs and values.
The magnificent development course of 2016 has not only provided countless Meme materials, but also attracted countless geeks, technology lovers and investors to gather together and form a unique and active cultural circle. No matter who is Satoshi Nakamoto, 5. [] 22 Pizza Festival or Bitcoin enthusiast Trump, the dense bitcoin ecosystem can always make people smile.
When it comes to communication, no crypto ecosystem has a global impact as Bitcoin.
From the chain data, the number of bitcoin wallet addresses now exceeds 500 million, with more than 50 million wallets holding at least $1 worth of assets. In the traditional field, many enterprises including Tesla, Microsoft, Starbucks and other companies have supported Bitcoin payment, and even more than 60 listed companies have followed MicroStrategy and adopted the Bitcoin strategy. As the price of bitcoin reached new highs in November, searches and discussions on mainstream social media platforms such as Twitter, Weibo and Google also surged.
The series of data all show the strong appeal and wide adoption rate of Bitcoin in the world, and the huge and active community will undoubtedly lay a solid foundation for the development of Bitcoin Meme.
It can be said that the Bitcoin ecosystem has a very superior innate conditions for the development of Meme, but in fact, Bitcoin and Meme are also closely related.
Far back, in 2021 the subway aunt are discussing the heat of Meme veteran Doge is inspired by the currency, in 2013, Adobe, company software engineer Jackson Palmer and IBM software engineer Billy Markus based on UTXO trading framework built the Doge, through the Doge demonstration currency improvement, achieve a easier than bitcoin to obtain, more practical, more interesting cryptocurrency. Today, Doge has grown into the absolute Drone event at the Meme track.
And nearby, in 2023 by the currency ecological "universal inscription" boom, in the eyes of many people, also emphasizes fair principle inscription is the evolution of Meme, inscription grand not only ignited people to participate in the currency ecological enthusiasm, more backward COINS opened the large-scale ecological infrastructure, the most widely known is the head exchange OKX's Web3 wallet with silky inscription experience was an instant hit.
In addition, the old public chain CKB, which is good at technology, is also keenly aware of the dislocation of the enthusiasm of the bitcoin market and the backward infrastructure, Bitcoin native scalability by introducing the homogeneous bound RGB + + extension protocol, And based on this extension protocol to build a series of Bitcoin ecological infrastructure products, Including the encrypted wallet JoyID in combination with Passkey key management, Users can use it without any blockchain knowledge; Programmable stablecoin USDI and RUSD products, Provide a stable value bridge for BTCFi; Series of native trading platforms UTXOSwap, Omiga, Dobby, etc., Effectively solve the problems of poor liquidity of BTC ecological assets and high transaction costs at that time, Not only did it greatly enhance the experience of user participation in the Bitcoin ecosystem at that time, Lay a solid foundation for the future development of Meme.
More importantly, the Meme track Nuggets focus on the early ambush and attention, and the current bitcoin Meme is the focus of the keen Meme hunters.
Solana, As the main position of this cycle Mime in the recent fatigue, a large number of users bring serious PVP volume, more and more people lose money out, and in the past month, Base Meme emerged, Virtuals, Clanker have made multiple hot style not only let the early ambush to earn pot full, more brought an obvious Meme revelation:
When the attention is not gathered first ambush, often not so volume, but also more opportunities to get a better income.
Now, according to Artemis data, the net inflow of Base on the chain in the past month has exceeded 7 [] 500 million, it is clear that the revenue space of ambush Base is rapidly narrowing. Follow the enlightenment logic of "early ambush, high yield", as well as the meme development experience of Pump. [] fun to Solana and Virtuals to Base, as long as the perfect infrastructure and launch platform are well built, Bitcoin Meme, which has profound Meme cultural heritage but has not received a lot of attention, will have a great probability to take over Base and become the next main position of Meme.
So, with the story of the Bitcoin Meme craze already written, who will be the one who will build the infrastructure and the stage?
Bitcoin Meme asset issuance, why RGB + + is the optimal solution?
Again, Meme is essentially an asset class, so the way bitcoin assets are issued is a prerequisite for the explosion of Bitcoin Meme.
Because the currency is very limited script language, realize the currency native assets and give its complex trading rules and contract is not easy, more than a decade, around the proposition of the solution evolution, until CKB inspired by RGB innovative RGB + + extension agreement, both native and flexibility of the currency assets issuing way to have the most widely accepted way of implementation.
Dtaining coin is widely regarded by the community as the earliest exploration of the issuance of Bitcoin assets. Although this solution can realize the mapping of different assets in the real world, due to the functional limitations of Bitcoin, dyeing coin cannot support the complete smart contract script of Turing coin.
For a long time since then, the asset issuance of Bitcoin Ecology mostly adopted the side chain anchored Bitcoin scheme. This way of replacing Bitcoin to the side chain through two-way anchor (Two-way peg) has full flexibility, but the side chain is essentially an independent chain, even if it is anchored with Bitcoin, it is not directly associated with BTC. It is not only not native, but also has security risks, and has not been widely recognized for a long time.
On October 19,2023, Lightning Network developer Lightning Labs announced that the launch of the Taproot Assets protocol was seen as a milestone in the issuance of Bitcoin assets.Taproot Assets Support anyone to issue any token based on Bitcoin, but unfortunately, the solution does not support complex smart contracts, which also brings huge restrictions on the introduction of more complex gameplay in assets.
The Ordinal asset issuance method represented by the inscription and its variants of BRC-20, ARC-20 and Runes, which have led the ecological boom of Bitcoin under the promotion of SegWit and Taproot. In short, the Ordinal protocol enables the issuance of bitcoin native assets by assigning unique identifiers to the minimum unit of 2,100 trillion Cong and writing information to each Cong.
However, due to the speed and capacity limit of bitcoin itself, this asset issuance method still has restrictions such as poor scalability.
At the beginning of 2023, when the inscription just started, CKB, who had been deeply interested in Bitcoin ecology, realized various restrictions caused by the backward performance and non-Turing completeness of Bitcoin. It also started the design of RGB + + under the inspiration of RGB protocol, aiming to realize the native scalability and programmability of Bitcoin.
Rite the core of the idea of RGB is simply: the asset issue and contract logic under the chain, and through the client validation and one-time sealing technology innovation, the chain behavior and the currency chain UTXO change binding, due to the UTXO record transaction events and the consensus, the binding relationship also makes the chain of assets issued to inherit the powerful security of the currency.
This process, the user needs to run the client, personally verify with their assets changes, but because most ordinary users have no ability to save all the history of the transaction, this forms the data island problem, and because RGB virtual machine AluVM limitations, RGB is unable to support the complete contract function.
The core idea of RGB + + reconstruction for RGB reconstruction can be summarized in four words: homogeneous binding.
First will originally by the user is responsible for the client running and verification work to CKB, the currency as the main chain, CKB as a shadow chain, between the UTXO and Cell two-way binding scheme, not only to realize the currency strong security inheritance, and solve the global RGB verifiable problem, more importantly, CKB CKB use CKB-VM virtual machine brought powerful smart contract ability, make RGB + + protocol become the cradle of hatching currency native Meme.
July RGB + + upgrade to RGB + + Layer, aims to play an important role, not only support in any based on UTXO account model to realize homogeneous binding between blocks, including Cardano, Dogecoin, BSV and BCH, etc., but also support FT, NFT and other types of assets, make assets issued more fit actual requirements.
It is worth mentioning that, The news that RGB + + will soon support Doge has recently attracted widespread attention: Doge has long lacked a strong on-chain ecosystem, While, with the support of the RGB + +, Doge will upgrade from Meme Coin to Meme Chain, Users can issue any type of asset on the Dogechain, And can be through RGB + +, bridge span chain Leap, Lightning Networks compatibility and other characteristics, It enables Doge users to trade in a cheaper, faster, and less sensitive way.
RGB + +, the deepening integration of series advantages of millions of Doge users and the market value of billions of dollars, Doge will further become the preferred platform for Meme project and further flourish the Bitcoin Meme ecosystem.
Thanks to the advantages of UTXO model, RGB + + Layer can create a new paradigm of asset issuance, supporting the same asset issuance on multiple chains at the same time, and different proportions on each chain, which not only realizes the coordination and unity between different chains, but also provides a high degree of flexibility for asset issuers.
RGB + + Layer is also introducing a new asset issuance model called IBO (Initial Bitcoin Offering), which supports the creation of capital pools directly on UTXOSwap, enabling newly issued assets to be traded with high liquidity.
In our previous comparison of the four mainstream Bitcoin expansion solutions: Who will really release the potential of the BTCFi trillion market?》 The article also details the operation logic of RGB + + Layer and its specific advantages in asset issuance, which interested readers can read and review.
With RGB + +, we see a more widely supported, more native programmable, more operable, simpler, more efficient, and more open and transparent asset issuance, which will be the infrastructure foundation for the Bitcoin Meme explosion.
As the infrastructure improved, the focus of bitcoin Meme began to focus on specific innovative gameplay aspects.
Release trading Innovation: How can RGB + + empower Mime based on BTCFi?
How can we more efficiently translate the specific advantages of RGB + + in asset issuance into a more innovative gameplay and a better experience?
The first grip is the launch platform.
In April 2024, the launch of Pump. [] fun pushed Solana Meme to a climax, and then the major public chain ecology moved, whether TRON SunPump, BSC Before. [] Meme or Base popular Virtuals and Clanker. Historical experience has proved again and again that the launch platform plays an important catalytic role in the development of Meme.
In the face of the imminent explosion of Bitcoin Meme, the CKB Meme of Pump. [] fun and Virtuals, the launch platform CKB. [] Fi is the forward-looking layout of CKB ecology, aiming to become the "Mempopular manufacturing machine" in the future of Bitcoin ecology.
Rooted in the cultural heritage of bitcoin ecological Meme and with the advantages of RGB + + asset issuance, another highlight of CKB. [] Fi Meme asset issuance is its deep integration with the best crypto social media platform Twitter.
Users have two Meme releases: one is directly based on CKB. [] Fi, A few simple steps to fill in the information to complete the launch; The other is based on the Twitter distribution, Users can cite a tweet on Twitter as the source of Meme content, Then fill in the token-related information based on this content, Eligible tweets are detected to complete the creation of bonding on CKB. [] FI, CKB. [] FI Twitter will restore the corresponding bonding link to the author, To officially complete the launch, The tokens will then be distributed via Twitter's Follower, Complete the cold start of the community.
As we all know, Twitter has become the largest distribution center of Meme information, and CKB. [] Fi innovative Mime distribution and distribution based on Twitter is not only conducive to the discovery and preservation of value content, bringing cultural value precipitation to Meme project, on the other hand, the integration of social gameplay is also conducive to the sustainable dissemination and promotion of Meme project.
Creator incentive is another core feature of CKB. [] Fi. 6. [] 9% is allocated to the token sponsors and their Twitter followers, which effectively avoids the existence of rat storehouse on the one hand, and on the other hand, better encourages more people to participate in the creation of Meme. In addition, creators can use some of it to motivate their fans, which further brings social attributes to Meme gameplay and drives Meme to spread widely across billions of Twitter users.
With a fair, low threshold and highly disseminated launch platform, the series advantages of RGB + + will also introduce more complex, more innovative and more valuable play to the issued Meme assets.
As a Meme asset issuance solution, Meme based on RGB + + issuance will never go to zero in the moment when most Memes eventually go to zero. This is due to the unique value capture mechanism adopted by the CKB blockchain, Requirements for the storage and operation of on-chain data require the locking of CKB tokens, That is, RGB + + Meme issuance occupies the corresponding number of CKB tokens based on the size of the asset, This injects value support into Meme, Make it completely different from the pure hype of the Meme: when the user still likes the Meme or has room for revenue, The Meme will continue to exist; And when users don't like the Meme or don't have the revenue space, Users can choose to destroy Meme to redeem the locked CKB tokens.
In terms of transaction experience, assets are created based on CKB. The average exit time of CKB is about 10 seconds, and the handling fee is very low. Under normal circumstances, a CKB can pay the miner fee required for more than 5000 transfers, which brings efficiency and cost optimization, and solves the inherent problems of long time, slow efficiency and high cost of Bitcoin transaction.
what's more, The CKB is Turing-complete, This means not only that CKB is able to design more complex conditional execution and business logic for Meme gameplay, That gives Bitcoin Meme the possibility of a deeper gameplay, And the CKB itself has the ability to build a rich ecology, CKB ecology includes wallet, DEX, DID, stablecoin protocol, GameFi, SocialFi and other modules, And is constantly expanding through active ecological cooperation, This means that Meme assets can also participate in the form of earnings instruments, Such as Meme pledge, Meme lending, Meme on-chain identity system building and social networking, Deeper and close integration with other parts of the ecology, Help its holders earn more money.
In addition to better experience and richer ecological gameplay, different from the current Me ecosystem developing in isolation, RGB + + supported Me asset issuance and transaction have more strong aggregation and interoperability.
Thanks to UTXO model, RGB + + not only support all UTXO model blockchain assets, even as mentioned above, the issuer can according to their specific business requirements, in multiple chain in different proportion issued the same assets, more can through RGB + + Layer no bridge across the chain (Leap) in seamless interaction between the chain, do not need to cross the chain bridge, UTXO chain assets can easily across to another UTXO chain.
As a result, RGB + + for all UTXO model block chain brings unified assets issuance standard, not only makes the asset issuance and management more intuitive and flexible, and asset transactions more secure and seamless, including Cardano, Dogecoin, BSV, BCH, DogeChain, more chain users, capital and liquidity can further integration, for Meme gives more rich ecological scene, a wider range of users and more depth of liquidity.
At present, CKB. [] Fi expands the existing Meme distribution mechanism to BTC based on RGB + +, and the product btc. [] finance has been close to development. In the future, the distribution platform on DogeChain will be developed through RGB + + to release the economic potential of Meme on the maximum consensus Meme (BTC) and Meme Chain (DogeChain).
Another very intuitive case of the deep integration of Meme and ecology is Fiber Network:
As a L2 network based on CKB, Fiber Network aims to realize the programming expansion of Bitcoin ecology. Its initial function is similar to the Lightning network, aiming to become a high-performance and low-cost small transaction payment network, with greater flexibility and higher efficiency in liquidity management.
But the Fiber Network was not designed to replace the Lightning Network, but the possibility of working with the Lightning Network to further enrich the Bitcoin ecosystem: unlike the Lightning Network, which focuses on the BTC single currency, the Fiber Network can support all assets issued based on the RGB + + protocol.
Fiber Network, With lightning network has UTXO technology isomorphism, between the natural cross chain atomic exchange ability, the "currency level of security + etheric lane level functional + speed of lightning network level", not only will pave the way for the mass popularization of lightning network, the development of more BTCFi introduced infinite daydream, and Meme as the currency ecological important flow entrance and asset class, also will be in a more abundant BTCFi scene derived more innovative play.
epilogue
In fact, the Meme of CKB ecology is already showing signs of its rise.
At the end of November, RGB + + ecological leading asset Seal rose 430% in seven days, triggering a broad discussion of the ecological potential of Bitcoin Meme. It is reported that Seal will become the first batch of RGB + + assets supported by Fiber Network, and Seal holders can participate in Lightning-based BTCFi such as decentralized liquidity lending, leading the next development direction of Bitcoin native financial services.
In addition, CKB Meme, the launch platform CKB. [] Fi, is also developing Pump. [] fun products based on BTC and DOGE, enriching the asset trading game while optimizing Meme asset issuance, which has also triggered a concentrated discussion in the community.
Since the inscription boom, the Bitcoin ecosystem has been open for a long time, and Meme is seen as an important traffic entry point for more incremental users to enter the Bitcoin ecosystem. From the perspective of Meme characteristics, no matter in terms of historical origin, cultural attributes or ecological potential, the development of Bitcoin ecological Meme has great potential. The emergence of RGB + + further complements the difficulties of Bitcoin Meme in asset issuance and asset transaction, bringing both original and programmable solutions.
As CKB continues to improve the product matrix around RGB + +, and the continuous iteration of Meme and launch platform CKB. [] Fi, will the next Memy burst be born in the Bitcoin ecosystem?