Introduction
BRC-100 is an extensible decentralized computing protocol based on Ordinals Theory
BRC-100: An Extensible Decentralized Computing Protocol based on Ordinals Theory
Date: Sept. 2 2023
Creator: Mikael.btc
Email: mikael@brc100.org
Twitter: https://twitter.com/MikaelBTC
This document is intended to manage BRC-100 protocol and its extension and improvement protocols. The following table shows the current protocols status.
| Protocol | Creator | Description | Status | Released Time |
|---|---|---|---|---|
BRC-1XX | More BRC-100 extension and improvement protocols | |||
... | ... | |||
BRC-116 | An Asset Vesting Protocol | |||
BRC-115 | An Aggregator Protocol for Lending | |||
BRC-114 | An Aggregator Protocol for Decentralized Exchange | |||
BRC-113 | A Launchpad Protocol for BRC-100 Assets | |||
BRC-112 | Mikael.btc | An Asset Issuance Protocol for Administrator | Developing | |
BRC-111 |
| A Verification Protocol for Bitcoin Layer 2 |
| |
BRC-110 |
| A Relay Protocol among EVM Compatible Blockchains and BRC-100 |
| |
BRC-109 |
| A Decentralized Exchange Protocol for Perpetual Futures |
| |
BRC-108 |
| An Automated Liquidity Protocol for Stablecoin |
| |
BRC-107 | Mikael.btc | A Lending Pool Protocol | Developing | |
BRC-106 | Mikael.btc | A Decentralized Stablecoin Pool Protocol | Developing | |
BRC-105 | Mikael.btc | An Airdrop Protocol | Developing | |
Mikael.btc | A Liquid Staking/Restaking Pool Protocol for BRC-100, BRC-20, Runes and BTC | Partially Online | Mar. 30 2024 | |
BRC-103 | Mikael.btc | A Relay Protocol among Bitcoin, BRC-20 and BRC-100 | Developing |
|
Mikael.btc | An Automated Liquidity Protocol for BRC-100 Assets | Online | Jan. 9 2024 | |
Mikael.btc | A Decentralized On-Chain Governance Protocol for BRC-100 Protocol Stack | Online | Sep. 16 2023 | |
Mikael.btc | An Extensible Decentralized Computing Protocol based on Ordinals Theory | Online | Sep. 2 2023 |
As we all know, Ordinals Theory, BRC-20 and other protocols based on Bitcoin have brought a lot of imagination to the development of Bitcoin ecosystem through "on-chain declaration, off-chain resolve" mechanism. And a large number of Bitcoin NFTs and tokens have been issued, but the development of decentralized applications such as DeFi is still lagging behind. This document attempts to explore a protocol that supports decentralized computing: BRC-100, and how the protocol can be extended and improved, to create a possibility for decentralized applications based on the Bitcoin network.
The BRC-100 protocol is an extensible decentralized computing protocol based on Ordinals Theory. BRC-100 proposes a modularity method of protocols and applications: inheritance and nesting, which provides a theoretical basis for the extension of BRC-100 protocol and applications. BRC-100 protocol essentially describes a token with computing capabilities and states. The behavior of the token is an extension of BRC-20 protocol. The computing capabilities and state transition can be extended by BRC-100 extension protocol. All BRC-100 extension protocols are compatible with each other, that is, tokens that implement BRC-100 and its extension protocols can be used in all applications. At the same time, BRC-100 protocol and its extension protocols can be updated and upgraded through improvement protocols. BRC-100 protocol and all its extension and improvement protocols are called BRC-100 protocol stack.
The BRC-100 protocol is based on two models: UTXO model and state machine model, which greatly extends the computing capabilities of Bitcoin. The operation of token satisfies the UTXO model, and the computation conforms to the state machine model. And BRC-100 provides new operations: burn2/burn3 and mint2/mint3, so that token can be safely converted between UTXO model and state machine model.
BRC-100 introduces many concepts, please read the explanation below firstly.
| Term | Description |
|---|---|
BRC-100 Protocol | An extensible decentralized computing protocol based on Ordinals Theory |
BRC-100 Protocol Stack | The collective name for BRC-100 and its extension and improvement protocols |
Protocol | A standard that describes the attributes, operations, and computing operations of the application |
Inheritance | The extension protocol will inherit the properties, operations and computing operations of the parent protocol |
BRC-100 Extension Protocols | The protocols that directly or indirectly inherit from BRC-100 protocol |
BRC-100 Improvement Protocols | The protocols used to improve BRC-100 and its extension protocols |
Governance of BRC-100 Protocol | Proposal, review, addition, modification, and deletion of BRC-100 and its extension and improvement protocols |
Computing Operation | The computing capability of the protocol, expressed by cop attribute |
Application | An instance created after the protocol is deployed to Bitcoin blockchain through inscriptions |
Token | Application is essentially a token with computing capabilities and states |
Nesting/Child Application | Multiple applications can be created under one application, to complete multiple independent computing logics |
BRC-101 Protocol | A governance protocol that defines how to govern an application that implements BRC-100 or its extension protocol |
Governance of Application | The process of updating application attributes, creating child applications, and stopping application |
Oracle | Indexers can serve as the Oracle Verifier to verify the off-protocol proof data submitted by the user |
Relay Protocol | Responsible for bridging assets among Bitcoin, meta-protocols, blockchains and the BRC-100 protocol |
The BRC-100 protocol stack is open, and developers are welcome to participate in building protocols, developing applications, and jointly building the Bitcoin ecosystem. You can join the BRC-100 Developers Community: https://t.me/BRC100Developers.
Also, if you like BRC-100, you can donate to: bc1pdkyv4vp507vrvj4x3h4pmlj2jrz235vmex9cz7flkg8mvra2jmzq50ay7c.
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