TONOT: Ushering in a New Era of Social Inscriptions with TOT Transfer!

8kzk...TxAo
19 Jan 2024
39

Regarding the TOT Transfer launched yesterday, we opted for the UTXO architecture for several considerations:
1. Decentralization and Fairness:
TOT inscriptions originate from BTC’s Taproot upgrade, utilizing the original protocol. This not only introduces BRC20 but also encompasses NFTs on the BTC chain. Despite being in its early stages across protocol, infrastructure, and application layers, TOT inscriptions, whether BRC20 or BTC NFT, offer a higher degree of decentralization and a fairer distribution of assets. The way inscriptions are generated provides a certain level of determinism for their future development.
2. Compatibility:
While UTXO architecture is less common on other chains, including EVM, its adoption aligns well with our objective of ensuring compatibility with BTC’s ecosystem assets.
3. Development of Social Inscription Protocol:
As a social inscription protocol, TONOT benefits from using UTXO architecture to facilitate cost-effective implementation of one-to-many asset transfers.
In summary, our aim with this new technical architecture is to provide the community with inscriptions across more dimensions, laying the foundation for the development of social inscriptions. In addition to inscriptions based on the TONOT protocol, we will support other asset forms such as on-chain NFTs. We welcome more developers interested in this initiative to join the TONOT developer community and contribute to this exciting development.

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