🟠🪄 As OIP-10 goes live at block #800010, . The ORC-20 standard ushers in a new era of efficiency and security for Bitcoin ordinals tokens, . paving the way for exciting new applications.

Only 10 blocks left before OIP-10 of ORC-20 is going live.

It's time 🟠🚀

RT @GeniiData: Ready for OIP-10!. GeniiData is proud to announce our readiness and unchanged confidence in #ORC. @OrcDAO . Type #800010 to….

RT @ordinalsda: After two months of development, we are about to witness the great moment of ORC20! The OIP-10 will make #ORC20 stand out!….

RT @xrcview: Cherish every brave innovation and iteration on Ordianls. #ORC20 @OrcDAO.

RT @CloakCoin: We're very excited to announce that @utxodex has launched an #ORC20 marketplace 🥳 You can now Buy & Sell the $privacy token….

RT @1st_Aeon: 1st Aeon is proud to introduce our phase 1 ORC20 index 🗂️. Search and track #ORC20 tokens and #bitcoin addresses at: https://….

8/ Remaining Balances. The remaining balances follow two simple rules:. 1. No new "remaining balances" are allowed after OIP-10. Users no longer inscribe the "remaining balance" to complete a transaction. All new "remaining balance" inscriptions will be invalid. 2. Existing.

7/ Recycling and Reward. The virtual ATM acts like a recycling and reward engine for unused ORC-20 inscriptions. When you send an unused inscription to the virtual ATM, .it marks the inscription invalid and recycles the satoshis that were used to create it. In return, the

6/ Cost Saving. Each time you inscribe a json file, it may cost you from $1.5 to $5. With BRC-20, you need to inscribe a "Transfer" inscription for every single transaction and wait for 2 blocks for the transaction to complete. With ORC-20, you can reuse inscriptions and only

5/ No Cancellation Needed. Virtual credit system eliminates the need to inscribe "cancel" transactions. To "cancel" any inscribed balances, simply send them to the virtual ATM for credit. These non-transferable credits are kept until you inscribe them into transferable

4/ Reuse New Inscriptions. They can then reuse those newly inscribed "notes" in downstream transactions. The virtual ATM makes the transaction atomic without any reliances on any centralized bookkeepers. It also removes the need of inscribing the remaining balances. All

3/ Virtual Credit. If Alice and Bob need to split or merge these inscriptions, they can send them to the virtual ATM. In return, they receive virtual credit which allow them to inscribe different amounts, like splitting large notes into smaller notes. These virtual credits are

2/ Reusability. Alice can send the "Mint Inscription" with balance of 1,000 to Bob. Bob can reuse the "Send inscription" in a transaction and send it to Carol. Later on Bod can even pass through the 1,000 "Mint Inscription" received from Alice in subsequent transactions.

1/ OIP-10 introduces the virtual credit system to orc-20. It allows users to send their ORC-20 inscription to the virtual ATM to receive virtual credit. These virtual credit can then be used to inscribe new balances. Assuming: .Alice minted 1,000 + 1,000 ORC tokens. Bob

We designed ORC-20 to be a cash system. Here is a dive deep of how UTXO-like model and the upcoming OIP-10 change are going to work. 🧵

RT @Cirus001: @OrcDAO OIP-12:. Introducing a new operation: . Sell. Sample Syntax:. {."p": "orc-20",."tick": "orc",."id": "2504160",."op":….

RT @ordinalsda: We're thrilled to launch the ORC20 indexer! We will fully support various community projects in #ORC20 system! . Stay tun….

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